Bengaluru: Affordable housing for all could be possible by 2022 without setting the trend of positive incentive and subsidy from the government, according to Value Homes Pvt Ltd, formerly Value and Budget Housing corporation.
Jaithirth Rao, Chairman of Value Homes, said, “To make affordable housing a dream come true for home buyers, the government should eliminate the bottleneck and hurdles for legal construction. Over the years a system has been created where it is easy to build illegally, but extremely difficult to build legally.”
According to Rao, clearance for land usage is a major roadblock. Getting CLU when areas are part of an Urban Master Plan or are close to highways, is a cumbersome process. Also the state government’s obsession with floor space index and floor area ratio has given scope for a large loophole which hampers housing growth, he said.
“We run a risk of social revolt unless the desperate needs of housing are addressed. Just like the government is focused on improving India’s position in the Ease of Doing Business rankings, states should be encouraged for Ease of Housing ranking,” he said.