The plan is to build 1 lakh affordable houses in cities like Ahmedabad, Rajkot, Vadodara and Surat, Urban Development and Urban Housing (UDD) Secretary Mona Khandhar said.
According to her, the policy is ready and will be announced "very soon".
"We have already prepared the final policy draft and it will be announced very soon. This is the first time in Gujarat where a redevelopment policy will be launched," she said.
The policy primarily aims to build new houses in place of old and dilapidated houses built around 15 to 25 years ago in major cities, by the Gujarat Housing Board (GHB), which is the state's nodal agency for construction of affordable houses.
"The biggest benefit to occupants is that they will get bigger houses. Our aim is to build 1 lakh new houses in five years. These 1 lakh houses also include many old houses which will be replaced with new ones," she said.
