STOCK MARKET BSE NSE

Slum Dwellers to Pay Rent?

They may be considered tenants living on corporation’s land if the National Urban Rental Housing Policy draft, promoted by the Union Government, gets executed

Published: 01st December 2015 04:52 AM  |   Last Updated: 01st December 2015 04:52 AM   |  A+A-

Slum

CHENNAI: Slum dwellers may soon be considered tenants living on corporation’s land if the National Urban Rental Housing Policy draft gets implemented in its present form. The policy promoted by the Union Government, allows slums on land belonging to urban local bodies be converted into rental housing units for a fixed tenure. In turn, the slum dwellers will have a no-eviction guarantee.

Nearly 60 per cent of slums across urban India are on government-owned land, of which 40 per cent are on land belonging to Urban Local Bodies (ULBs). In some states, almost 65 per cent of slums are on land owned by the locally elected urban governments.

Factfile

Between 9 and 141 million households live in about 33,500 slums in India

Nearly 60% of slums across urban India are on government-owned lands

Between 9 and 141 million households live in about 33,500 slums in India

Nearly 60% of slums across urban India are on government-owned lands

The new draft policy suggests that slums on ULB land may be converted to rental housing with the ULB as the social landlord that rents land to the household. A slum on ULB land is made of two asset classes — the ULB’s land, and the housing unit, an investment made by the household.

The draft states that ULBs can give a ‘no-eviction guarantee’ to the household for 10 years or more, and receive revenue in the form of rent from the households for using ULB land.

The policy suggests giving powers to the ULBs to upgrade the unit and recover the investment through rent. “Households pay rent on the land occupied in exchange for a time-bound no-eviction guarantee. They retain ownership of the housing unit. They can invest in the house and associated services since they have security of tenure for a definite time period,” suggests the policy.

Stay up to date on all the latest Chennai news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp