- Rental Housing Scheme: Central government has prepared a plan to provide tenants a house at a cheaper rate, launched portal
- Private companies will build such houses, for this, the government has also issued EOI
Rental Housing Scheme
new Delhi. Those living away from home will no longer have to struggle to find a house for rent. Now neither do they need to take care of the landlord’s arbitrary attitude and rent. Actually, this problem is going to be solved under the Rental Housing Scheme of the Central Government. Now the government will provide the tenants a house around their workspace for a lower price. For this, private companies are being entrusted with the responsibility of building houses. Recently, Urban Development Minister Hardeep Singh Puri has launched a special portal in this connection.
Through this portal, people will be able to get cheap houses on rent easily. The Housing Ministry (Ministry of Housing and Urban Affairs) has made an initial estimate of Rs 700 crore for this scheme. Under this affordable rental housing scheme, houses will be provided for various categories at a rent of one to three thousand rupees per month. Students will also be able to take advantage of the scheme. A lot of concessions will be given under the scheme, in which there will be an exemption to increase the FAR (floor area ratio) to 50 percent without any additional fees. Apart from this, the project will be financed at affordable interest rates.
Through this portal, private companies will get great leeway to work on the project. Which will include income tax and GST exemption facility. Along with this, they will also be given the option of easy loans at cheap interest rates. An Expression of Interest has also been issued for the private companies to build houses under the scheme.
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