New Delhi: Only the carpet area and nothing else will be recognised in the forthcoming housing regulatory bill proposed by the government, Arun Kumar Misra, secretary, Ministry for Housing and Urban Poverty Alleviation (HUPA) said at an ASSOCHAM event held in New Delhi today.
“The municipalities and the development authorities would have to pass the map on the basis of carpet area and this would be a mandatory requirement as any other criteria apart from that like the super area or the built-up area and others would not be recognised by us,” said Misra while addressing the ‘5th Affordable Housing Summit’ organised by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
“It would be difficult to give a time frame as we wanted to bring the real estate bill in the parliament in this session but we will not give up and definitely try to bring it in the next session,” the top HUPA official said.
While responding to a question on the issue of repo rate cut of 25 basis points (BPS) in its interest policy by The Reserve Bank of India (RBI), Misra said that with this the funds availability position would certainly improve.
Earlier, during his address at the ASSOCHAM affordable housing summit Misra said that government would release the affordable housing task force report to the state governments in the next 15 days. “We have listed all the issues regarding forest and environment clearance, airport clearance, taxation and other things in the affordable housing task force report which the government has accepted and we shall be in a position to address each of these issues in a continuous manner.”
The HUPA secretary further said that his ministry would go to the states and do the role of advocacy and tell them to adopt this policy guideline and this would be the real task as states are where the action is. “This is going to be the most deciding factor because single-window clearance system, development control regulations, land availability issues, FAR & FSI issues are all handled at the state level and this can be done by a policy decision without costing any money to the states.”
While, the central government would handle issues like availability of income tax rebate, infrastructure status for to the real estate sector for benefits to come and others and the HUPA would be pioneering that activity, said the secretary.
On the issue of amending the rental laws, Misra said “The rent control laws will have to be amended as its a huge activity that has not been able to gain the right kind of momentum so it will have to be taken up in a serious manner.”
The secretary further said that the ministry of housing is mulling over taking up issues with over Rs 1,000 crore investments in the housing sector to the newly formed cabinet on infrastructure. “Though there are not many cases in housing sector with over Rs 1,000 crore investments but there might be a few so that is another area we are thinking about.”
He further admitted that identification of households that are below poverty line (BPL) has come in the way of Rajiv Gandhi Awaas Yojna for affordable housing stocks in Delhi. “It has been a problem in Delhi, not really the BPL families but the identification of the eligible people who can be allotted these houses but in many other parts of the country they have already identified the people who are to be benefitted and they have been given the property.”
The secretary also conceded the delay in commencement of construction in Delhi vis-a-vis Rajiv Ratan Awas Yojna but said that in the last 1-2 years the construction activities have again picked up. “In the last 18-24 months some work has begun and now it has gone beyond 30 per cent otherwise it had dipped to as below as 10 per cent in Delhi while in rest of the country it was 40-50 per cent.”
Amid others who spoke during the ASSOCHAM summit included –Navin Raheja, chairman, ASSOCHAM Real Estate Committee, Sunil Dahiya, co-chairman, D.S. Rawat, secretary general and Sunil Mantri, CMD, Mantri Realty Limited.