February 5, 2013 9:32 AM

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Centre mulls bringing affordable housing schemes under infra sector

In order to improve the urban housing scenario, the government may soon provide ‘Infrastructure Status’ to affordable housing schemes. Union Minister for Housing and Poverty Alleviation Ajay Maken said that a proposal to bring in affordable housing segments under infrastructure sector has been sent to the Finance Ministry and a positive decision is expected during the budget. He was addressing a conference on “Governance of Mega City Regions” in Mumbai yesterday. Talking about the challenges faced by megacities while undertaking urban development; Mr. Maken said megacities like Mumbai and Delhi need to review their Floor Space Index policy and make appropriate changes to boost affordable housing.

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