Realtors demand incentives to develop low-cost housing units
Incentives like free land allocation and public-private partnerships models have been sought by the realtors in order to increase affordable housing stocks for the economically weaker sections.
With the increased shortage of housing for the poor sections of the society, the realtors have come up with this method and demand active government participation which can lead to a way to offer incentives to the developers.
More than 18 million housing units are required in the 12th plan as stated by an expert committee report submitted to the Union Housing and Urban Poverty Alleviation Ministry recently. The report also showed that as much as 88% of this shortage was related to houses for the poor and another 11% for the low income groups.
Affordable Housing, affordable housing stocks, economically weaker sections, Housing, Incentive, land allocation, Public-private partnerships, Union Housing and Urban Poverty Alleviation Ministry
