There is a chronic shortage of houses in India. Growth in urban area is 4.2% as against is 1. To 1.6% in Europe. Also in Bombay around 62% people live in slums or without shelter. 101 schemes have been sanctioned by HUDCO.
There is a chronic shortage of houses in India. Growth in urban area is 4.2% as against is 1. To 1.6% in Europe. Also in Bombay around 62% people live in slums or without shelter. 101 schemes have been sanctioned by HUDCO.
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There is a chronic shortage of houses in India. Growth in urban area is 4.2% as against is 1. To 1.6% in Europe. Also in Bombay around 62% people live in slums or without shelter. 101 schemes have been sanctioned by HUDCO.
Copyright:
Attribution Non-Commercial (BY-NC)
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Download as PPT, PDF, TXT or read online from Scribd
Growth in urban area is 4.2% as against is 1.5 to 1.6% in Europe. Also in Bombay around 62% people live in slums or without shelter. The rate of construction of new houses is around 1 house per 1000 people, while the Ideal is 10 houses. Therefore there is a chronic shortage of houses in India. Therefore “co-operative activity is the best means of providing decent houses at reasonable cost to persons, particularly of low & middle income groups. According to Maharashtra Co-op Societies Act, 1960, a housing society is defined as “a society, the object of which is to provide its members with open plots for housing, dwelling houses or flats, or if on open plots the dwelling houses or flats are already acquired, to provide its members common amenities and services.” Objectives To provide or arrange for shelter to its members at minimal cost. To encourage living a social life. To inculcate habit of regular savings. Types of Co-operative Housing Society Tenant Ownership in this land is owned by the society, flats or owned by the members, subletting or transfer of flats are not allowed. Tenant co-partnership – Land & flats are owned by the society and members pay rent. Flat Ownership co-ops – Flat owners jointly own the land. Initiatives For Providing more Housing Finance 1. Action plan for providing 7 lac additional dwelling in urban areas, wherein Govt. will provide fiscal & technological support with the active involvement of all the sectors – private, co- operatives & NGO/CBO’s (Community based organisations). 2. Setting up of NHB in 1988 as a subsidiary of RBI, to supervise & control various housing Finance corporations 3. Action Plan for night shelter to foot-path dwellers. 101 schemes have been sanctioned by HUDCO. 4. Increased allocation by LIC/GIC for housing finance. 5. Various innovative schemes have been initiated by HUDCO. 6. Rural housing has been included under priority sector. Integrated Development of Small & Medium Towns (IDSMT) Objective : To enable small & medium towns to emerge as centres of economic growth & employment opportunities and arrest migration from rural areas & small towns to large & metropolitan cities. Guidelines : 1.IDSMT to cover all towns upto 5 lac population. 2.Easing financing pattern. 3.Dev. Projects in selected cities & towns. 4.Initiating municipal reforms & creation of revolving fund at the municipal level to promote development of infrastructure. 5.Grant-in-Aid to State Govt./municipalities on 60(Central)/ 40(State) basis for preparation of town dev. plan. Mega City Scheme Centrally sponsored scheme of infrastructure development in 5 Mega cities of Mumbai, Chennai, Kolkata, Hyderabad & Bangalore. Financing pattern : Central 25%, State:25%, Institution:50%. Institutions could be overseas also. Projects under the scheme should be remunerative, user charges based and of basic services. Problems of Housing Co- operatives • Inadequate finance, Scarcity of land, difficulties in getting building materials at reasonable cost, difficulties in getting expert workers and unskilled labours, public not interested & malpractices(blackmoney) Remedial Measures 1. Building materials to be supplied on priority basis. 2. Allocate land on priority 3. Byelaws adoption by co-op societies. 4. Financial assistance 5. Tax concessions 6. Membership to houseless people