September 15, 2020

Rental housing policy in Gujarat kicks in with sops for corporates, developers

GANDHINAGAR: Corporates and industries can now provide accommodation to their workers and employees by deducting the rent from their salaries. This is a feature of the affordable rental housing complex (ARHC) policy. This policy has been notified by the Gujarat government on Friday.

The state’s affordable rental housing policy is the union government’s scheme for affordable rental housing for migrants. It has been launched in the post COVID scenario in India. Furthermore, the union ministry of housing and urban affairs had released some guidelines for the scheme in July this year.

Industries can now get the AHRC benefits by developing residential colonies for their workforce. They will be authorized to cut the rent from the salaries of the employees. To ensure that the middle-class workers can get affordable housing on rent, our government has allowed builders and developers of ARHCs to get an additional 50% Floor Space Index and several other perks.

Attractive scheme for builders

 “There is a huge demand for affordable rental houses in the state. By this policy, the state government aims to provide maximum affordable homes to those who want the facility for a short period. Real estate developers will also find the policy attractive. Poor housing conditions for labour is a major problem in the state and increases the migration of workers. The Standard of living for the workforce will improve at a lower cost in the state.’’ Said Lochan Sehra, secretary, housing & Nirmal Gujarat 

Municipal corporations, municipalities, urban development authorities (UDA), industrial development authorities like GIDC, or any area notified by the government will have to keep a provision of ARHC in their respective areas under the new ARHC policy.

The state government has set the time March 2020 until which ARHC projects can be completed under the PM Awas Yojna (Urban). All the projects approved before March 2022 will be given a grace period of 18 months beyond the deadline. These projects will be eligible for all other incentives under the scheme.

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