dna has extensively covered news related to this policy. It lays emphasis on affordable housing and levying tax on land and apartments. Property experts have welcomed the move, saying it will help curb sky-rocketing property prices.
The Maharashtra government has decided to elicit suggestions and objections on its housing policy from state legislators and members of Parliament.
Chief minister Devendra Fadnavis calls the draft a game-changer in the housing sector. "It has just been prepared and sent to the legislators and MPs for their suggestions and objections, following which further procedure will begin. I request the opposition, who have not read the draft of the housing policy in letter and spirit, to read it first before passing comments," said Fadnavis.
dna has extensively covered news related to this policy. It lays emphasis on affordable housing and levying tax on land and apartments. Property experts have welcomed the move, saying it will help curb sky-rocketing property prices.
Sunil Mantri, chairman of the developers' umbrella body NAREDCO, told dna that imposing tax on vacant land will help them get more supply. "It is true that many people buy land and don't put it to use for decades. This practice has to end. The land should be made productive. Once the government levies taxes, developers will start constructing houses on these vacant plots. We are facing a colossal shortage of houses, necessitating developers to focus more on their construction," Mantri said.
He also said that the government must prioritise the time-bound approval procedure. "It takes years to get approval and start a project. Most projects get mired in litigation. Once the approval procedure is hastened, developers will undertake and complete projects on time," Mantri added.
The Congress has a different outlook.Congress legislator Amin Patel said that he had gone through the new 'anti-common man' housing policy. "The BJP-led government's policy will harass the common man. Tax on vacant flats should not be promulagted. People refrain from giving their flats on rent because some tenants do not vacate them easily. Evicting the tenant becomes a headache for the owners. We are going to oppose this policy," Patel said, adding, "Once investors are shooed away, who will put their money at stake? The real estate market is facing a huge crisis because of such faulty housing policies. We will submit our suggestions and demand changes that will benefit the common man."
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