Jan 1 2016 | India Opportunities

Slum redevlopment project in gujarat

The state of Gujarat becomes the first state in the country to take up Public-Private Partnership Projects for in-situ redevelopment of slums in urban areas under the recently launched Prime Minister’s Awas Yojana (Urban). Under PMAY (Urban), the Union Government provides an assistance of Rs.1.00 lakh per unit for in-situ rehabilitation of slum dwellers and Rs.1.50 lakh per unit under Affordable Housing in Partnership and Beneficiary led individual construction for EWS beneficiaries. Under the fourth component of Credit Linked Subsidy of Rs.2.30 lakh per beneficiary will be provided.

The inter-ministerial Central Screening and Monitoring Committee (CSMC) of the Ministry of Housing & Urban Poverty Alleviation chaired by Dr.Nandita Chatterjee, Secretary (HUPA) has recently approved 30 PPP Projects of Gujarat government for rehabilitation of slum dwellers in Ahmedabad, Surat, Rajkot and Vadodara.

Private developers would construct 17,580 new dwelling units for slum dwellers living on government lands in these cities . The Centre has agreed to provide an assistance of about Rs.176 cr @ Rs.1.00 lakh per house to be built. Land will be monetized for meeting the remaining cost of slum rehabilitation projects and consequently, slum dwellers will get new houses with all amenities free of cost.