TN to build 2.66 lakh homes for slum dwellers by partnering with private realty developers

C Shivakumar @ Chennai:

Tamil Nadu will be building 2.66 lakh affordable homes for slum dwellers by partnering with private realty developers.

Under this scheme, houses will be built for slum dwellers at an affordable rate by using the expertise of private developers.

It is learnt that 22,384 housing units have got approval during the Central Sanctioning and Monitoring Committee meeting held recently. Another 12,000 dwelling units for slum dwellers is likely to be proposed this year based on availability of land, sources told Express.

Interestingly, there are four components under which Pradhan Mantri Awas Yojana (PMAY) Housing for All is implemented across the country. They are In-situ slum redevelopment, Credit Linked Subsidy Scheme, Affordable Housing in Partnership and Beneficiary Led construction.

Tamil Nadu government is looking to implement two of the components under affordable Housing scheme. These include Affordable Housing in Partnership and Beneficiary led construction.

Under the Affordable Housing in Partnership scheme, the Union government will provide a grant of Rs 1.6 lakh for slum dwellers while the state will provide Rs 5 lakh. Sources said that slum clearance board is planning to attract the private developers to develop houses for slum dwellers by marketing special transferrable development rights to private builders.

Under the beneficiary led construction, those living in kutcha or semi-pucca houses in urban areas with land tenure will be provided with Rs 2.10 lakh grant (Union government Rs 1.5 lakh and state government Rs 60,000) to construct houses on their own. The balance cost is to be borne by the beneficiaries.

Sources said that under the scheme 30 square metre carpet area should be constructed and the grant will be deposited directly into beneficiaries bank accounts in four stages or partly completion.

It is learnt that the demand for housing under the component is 3.88 lakh of which approval was obtained for 2.89 lakh dwelling units till May 2017. The balance 1 lakh dwelling units is likely to be proposed during the year itself, sources added.

Factfile:

Tamil Nadu:

Urban Population: 7.21 crore

Urban slum population: 57.98 lakh

PMAY Housing for All launched on: June 25, 2015

Mission Period: 2015-2022

Houses to be built under BLC: 2.89 lakh

Completed: 6,713

In Progress: 1,07,933

Expenditure incured: Rs 533.75 crore

Release of funds:

Union govt sanctioned: Rs 1,874.04 crore

Released: Rs 1,294.36 crore

To be released: Rs 579.68 crore

GOTN sanctioned : Rs 412.85 crore

Released: Rs 412.85 crore

To be released:

Union govt share: Rs 663.93 crore

GOTN share: 323.99 crore

Total funds released to TNSCB: Rs 1,043.29 crore