CM Jan Awas Yojana flats to get costlier by Rs 600 per square feet
JDA sends a proposal to UDH.
Last Updated: February 1, 2018, 4:17 pm
Jaipur: Jaipur Development Authority (JDA) has sent a proposal to the urban development and housing (UDH) department to increase the rates of flats being constructed under the Chief Minister Jan Awas Yojana by Rs 400 – Rs 600 per square feet. As per the prevailing norms, the rate per square feet for flats are capped at Rs 12,00. It will go up to Rs 16,00 – Rs 18,00 if the UDH accepts the JDA proposal and implements it. The final decision in this regard will be taken by UDH minster. The rates will be increased for Jaipur region only for now. Under the Jan Awas Yojana, the rates were to be revised in March this year, but the government didn’t increase it. Now it is under pressure because fewer builders are showing interest in affordable housing projects. According to senior UDH officials, builders are demanding an increase in the rates due to increasing development and labor costs. The government had already increased rates for private township and housing projects (not from CM Jan Awas Yojana) in EWS (Economically Weaker Section) and LIG (Lower Income Group) categories. Under the township policy, the rates have now gone up to Rs 12,00 per square feet from Rs 850 square feet. Under the policy, builders have to reserve 5 percent of the floor area for ESW and LIG. Under the CM Jan Awas Yojana, builders are coming up with affordable housing projects on government land for ESW and LIG. The flats are constructed as per government norms and sold through local civic bodies.
First published: August 14, 2017