Affordable rental housing to boost dedicated construction workforce

The latest policy decision of the Centre to promote affordable rental housing ,will help boost dedicated construction workforce.

According to the new policy, Housing Ministry will build affordable rental housing via PPP model. This scheme is meant to provide ease of living to migrant labourers and urban poor. The government funded housing in cities will be converted into rental housing complexes under PPP through concessionnaire. There is also a provision to offer concessions to private players to build affordable rental housing under PPP

Says Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global and Chairman, Assocham – National Council on Real estate, Housing & Urban Development, ” This incentivised scheme will draw many new players to affordable housing. The affordable rental housing stock thus created for migrant labourers will boost dedicated construction workforce. This dedicated workforce will help check disruptions in construction. This will in turn check delays in project completions and deliveries to home buyers.

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