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Sops for realtors to build houses for economically weaker sections

Staff Reporter

Construction firms told to earmark 15 p.c. of dwelling units for EWS people


Rs. 50 cr sanctioned each for Bhubaneswar and Puri by the Centre

As per CDP 4.4 lakhs of dwelling units to be constructed in Capital


Photo: Lingaraj Panda

Development agenda: Badrinarayan Patra, Minister of State for Urban Development (centre), deliberating at the seminar on Comprehensive Development Plan organised by CII in Bhubaneswar on Friday. —

BHUBANESWAR: The dream of those belonging to economically weaker section (EWS) to own a house in the capital city where real estate price is soaring by the day may get materialised soon.

The State government has put forward an offer to real estate developers to build houses for poorer section of the population and avail five per cent of subsidy on bank interest.

Speaking at CII-organised seminar on comprehensive development plan (CDP) for Bhubaneswar here on Friday, Housing and Urban Development Secretary Arun Panda said the State government had received Rs. 50 crores each for Bhubaneswar and Puri from the Centre to pay five per cent subsidy on interest of bank loan to those, who would come up with affordable housing scheme for poor people.

“We don’t have any problem if a real estate developer sells an apartment at Rs. 1 crore to rich people, but EWS people should get their share of development. They must be provided with affordable houses,” Mr. Panda emphasised.

Low cost houses

Minister of State for Housing and Urban Development Badrinaryan Patra said the government had already issued instructions to construction companies and real estate developers to earmark 15 per cent of the dwelling units in all projects for EWS people.

“Our aim is to provide more low cost houses to EWS in all urban centres,” said Mr. Patra.

According to sources, BDA was planning to come up with a housing project exclusively for low-income group near Khandagiri.

‘RealMart’

Real estate industry leaders of the State discussed their future participation in implementation of Compressive Development Plan for Bhubaneswar prepared by IIT, Kharagpur at the seminar, ‘RealMart’.

Planning member of BDA K.C. Satpathy said the city regulatory body had received about 5,000 suggestions and objections on the CDP and the process of finalising the plan might culminate by October. “As per the CDP total 4.4 lakhs of dwelling units will be constructed in Bhubaneswar to accommodate about 30 lakh people by 2030.

For this it is estimated that total land to the volume of 9,286 acres will be required. The housing sector would alone see an investment of Rs. 7,492 crore,” Mr. Satpathy said.

During course of time regulatory mechanism would be put in place to ensure effective development of the city based on the projections envisaged in CDP, he said.

Housing and Urban Development Secretary said the CDP should not remain a sacred document, but all stakeholders should come forward to help implement it in true spirit.

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