Housing: Govt to amend Rent Act, declare it industry

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 5:29 AM IST

Unveiling the report of the Technical Group on Urban Housing Shortage (2012-17), Housing and Urban Poverty Alleviation Minister Kumari Selja said the maximum shortage exists for the economically weaker sections and the lower income group whose "need is unable to get translated into demand due to issues of affordability".

Selja said the report, prepared by the Group headed by Professor Amitabh Kundu, points out that the highest urban housing shortage is in states like Uttar Pradesh, Maharashtra, West Bengal, Andhra Pradesh, Tamil Nadu, Bihar and Rajasthan.

HUPA Secretary Arun Kumar Mishra said that on an average about 27 per cent of the population in urban areas lives in rental accommodation as per the 2011 Census and so the

Centre has decided to support states under Rajiv Awas Yojana to go in for rental housing for the poor.

States like Orissa, MP, Andhra Pradesh and Rajasthan have shown a keen interest in this policy.

While it was estimated in 2007 that the shortage of urban housing at the beginning of the 12th Five Year Plan would be around 26.5 million, when the Plan began this year it was down to 18.78 m "which is a huge achievement", he said.

Other policy interventions being worked by HUPA are that Housing be made a part of infrastructure sector or declared an industry as this will incentivise construction activity for the poor also and bringing vacant houses into the housing market through taxation and incentivise policies.

More community involvement, encouraging states under JNNURM to deal with vacant houses, enabling households facing congestion to create extra space or rooms through public support and shifting over 80-year-old households to new units are some of the other efforts being made by HUPA.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 22 2012 | 8:35 PM IST

Next Story