Dr Girija Vyas

Union Minister of Housing and Urban Poverty Alleviation Dr Girija Vyas has announced that the revised Affordable Housing in Partnership (AHP) scheme will be launched very soon to encourage state concessions and creation of affordable housing stock for construction. A?While addressing the REALTY 2013, Confederation of Indian Industrys (CIIs) flagship conference on Real Estate, Dr Vyas said, Through this scheme, the government aims to encourage partnerships between various agencies i.e. central & state governments , housing boards and development authorities and urban local bodies (ULBs) and industry for creation of affordable housing.

The scheme offers several supply side as well as demand side incentives. Some of the key incentives being concessions on development charges, service tax and direct tax exemptions, encouraging Foreign Direct Investment (FDI) in affordable housing, reduced stamp duties, increasing Floor Space Indexes (FSIs) in affordable housing projects and encouraging Transfer of Development A?Rights (TDRs) etc.

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