05 April, Bhubaneswar
In a bid to address the housing shortage in Odisha, the state government will built nearly one lakh houses in the next five years for the economically weaker sections and low Income group households.
Addressing a seminar on Affordable housing today, Odisha Housing and Urban development Minister Puspendra Singhdeo said, “Policy for Housing for All in Urban Areas, Odisha, 2015” will address the housing shortage in the State. The Government, he said intends to build over 1,00,000 houses in coming 5 years for Economically Weaker Sections (EWS) and LIG households.
He also stressed upon the importance of bringing transparency and disclosure in the Real Estate Sector The state government, Singdeo said is committed to implement the Real Estate (Regulation and Development) Act,2016, and RERA Act adding that the Rules and Regulations will bring order and transparency in the whole real estate sector, benefiting all stakeholders and will further accelerate the real estate sector’s growth in the long run and increase its share in the State’s economy.
Several other speakers also called upon the developers to work along with the government agencies to address the housing shortage in the State of Odisha. Urban development and Housing secretary G Mathivathannan said the Act and Rules, will help in bringing transparency in the real estate market and protect the interest of the buyers and other stakeholders.
The Act, Rules and Regulations, he said are applicable to all commercial and residential real estate projects on plot size 500 square metres or more or comprising of eight or more apartments. The Act o provides for speedy redressal of grievances and provides for 60 days for disposal of appeals and grievances from the day of filing of the application,he said.
Over 250 delegates comprising of promoters, real estate agents, professionals and officials of Development Agencies and Urban Local Bodies from Odisha and neighbouring states participated in the day long workshop.