Centre to Push States for Lower Land Prices to Boost Affordable Housing..At the 17th NAREDCO National Convention, Housing & Urban Affairs minister Manohar Lal Khattar announced that the Centre will work with states to create a mechanism for lowering land prices for affordable housing projects, especially under the Pradhan Mantri Awas Yojana (PMAY).
Key Announcements
1. State Consultation on Land Pricing
The Centre will convene a meeting of state housing ministers and policymakers to seek consensus on lower land rates for affordable housing.
No timeline has been specified, but Khattar emphasized urgency in decision-making.
2. Developers’ Responsibility
Developers will be urged to build affordable homes at strategic and suitable locations and not remote or poorly connected areas.
This move aims to maintain buyer trust and prevent dilution of the sector’s credibility.
3. Policy Reforms in the Pipeline
Broader housing reforms will be introduced in coordination with states to accelerate real estate activity.
States following best practices in housing policy will serve as role models for replication across the country.
4. Metro Expansion to Drive Urban Growth
India’s metro network to grow from 1,036 km to 1,500 km in 4–5 years.
Focus on last-mile connectivity to improve urban mobility and real estate demand.
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