Fadnavis urges Centre to bring SRA scheme under PMAY

Maharashtra Chief Minister Devendra Fadnavis has urged the Centre to bring the state's Slum Rehabilitation Authority (SRA) scheme under the Pradhan Mantri Awas Yojna (PMAY) so that it can get subsidy to create more affordable housing stock.

He said the government's intention was to create more housing stock and that it was taking various initiatives and making policy changes for it.

"Our SRA scheme has not progressed as it should have.

We are in the process of making amendments in the scheme," Fadnavis said at a summit organised by the National Real Estate Development Council (NAREDCO) here late last evening.

The chief minister said he has urged Union Minister of State for Housing and Urban Affairs Hardeep Singh Puri to include the SRA in the PMAY, which would ensure creation of excess housing stock.

"If SRA is brought under the PMAY then those projects can also get subsidy under the scheme, so then we can convert the saleable stock to affordable stock. The minister has given an in-principle approval for the proposal but it is a process and we hope our demand is considered," he said.

The state government is making some amendments in the SRA scheme and also taking certain policy decisions for the redevelopment schemes so as to make housing more affordable, Fadnavis said.

"In the next two-three months we will see a number of amendments made and policy decisions taken to enable creation of more affordable housing stock. Also, we will be soon coming out with a development plan (DP) for the megapolis which will ensure creation of more housing stock," he said.

Fadnavis also urged the real estate players to come forward and participate in the government's programme of 'housing for all'.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)