Housing and Urban Poverty Alleviation Secretary, Nandita Chatterjee, said that the government is streamlining approval procedures for affordable housing projects by delegating powers to local bodies and adopting a consultative process at the national level. As per a statement, Chatterjee also said that states were being pursued to create land banks for making land available for housing projects while central ministries were being urged to release land in cities in exchange for land elsewhere. She was speaking at an event organized by FICCI. Responding to some suggestions at the event, she said efforts were on to rationalize taxation on affordable housing and states were being asked to prepare affordable housing policies with specific incentives, including tax exemption and lower tax rates. She also talked about the recently-launched Pradhan Mantri Awas Yojana (PMAY) at the event.
Home Urban Infrastructure News Realty News Centre streamlining approval procedures for housing projects: HUPA Secretary