Up Identifies Sites For Rentalhousing Scheme In 27 Towns, Real Estate News, ET RealEstate

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By Amit

LUCKNOW: State government is set to revive the affordable rental housing scheme for the people belonging to the economically backward sections.

The urban development department identified sites across 27 towns in UP where dwelling units will be provided to skilled and unskilled workforce, who are forced to stay in slums or roadside shanties.

Individuals having monthly income under Rs 25,000 will be eligible to get a rental accommodation while the local administration and urban body will have the option of redefining the income criteria as per the local dynamics.

Local bodies have been asked to carry out surveys to find out if affordable housing is required to improve the living standards of the urban poor.

The properties will be offered on a 25 years concession period to the interested player. “Average monthly rent commanded for a single room unit is Rs 3,000 nationally,” said an officer. A part of the PM Awas Yojana, the state government initiated the survey to set up affordable rental housing complexes within 100 cities in UP.

Director, urban local bodies, Neha Sharma said state urban development authority will assist local bodies in identifying the sites and existing housing projects which can be retrofitted to be made suitable for housing of the urban poor.

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