The Centre has been constantly pushing Housing for all by 2022 taking under various state governments, financial institutions, and other related bodies to make affordable housing their focus area. In Budget 2017, the government also proposed infratructure status to affordable housing providing financial availability at combative terms.

The Ministry of Housing and Urban Poverty Alleviation (HUPA) has proposed a Public- Private Partnership Policy for affordable housing where it will provide land under its possession for housing development and, upon delivery, will incentive the developer with extra developable area for exploitation.

The policy has been launched to boost Prime Minister Awas Yojana(PMAY), a leader ship initiative of the union government. So far, only eight PPP projects have been launched on the government land.

It is a policy to uplift a win-win situation for both the government as well as the developers, where taking into consideration the interest of the developers, the government will achieve their agenda. Now, the government will give benefits to private players also including the planned-projects on private land, through endowment of interest and direct per beneficiary amount.

The managing director of BDI group, Ssumit Berry said that this is much needed decision by HUPA. A PPP model will aid Pradhan Mantri Awas Yojana and provide a much needed push to affordable housing. PPP will increase the private sector’s role in the vision of the Union government in providing everyone with a house. It will also help in overcoming the challenges faced by the real estate sector in constructing affordable housing.

Developers are of the view that through this policy government has launched a way for the private builders to deliver homes at low cost. Already, affordable housing was incorporated under infrastructure (in budget 2017), which improved this segment’s liquidity from an assortment of funds. For example, pension funds and insurance firms, can now contribute to affordable housing projects. For projects on private land, too, there will be benefits from the government, through interest subsidy and direct ‘per-beneficiary’ amount, giving a vital push to affordable housing said Vineet Relia , managing director of SARE homes.

According to Deepak Kapoor, president of Credai, Western UP, Housing for all is a huge task and the recent policy decision shows that the government is sincere in working out things that will help end users, who are struggling to bear the burden of burgeoning EMIs.

Apart from opening new ways of tackling the issue (construction of ) of affordable housing, this will give opportunity to private developers who already have land banks to work on affordable housing. With a single-window clearance system in the offing (in many states), it will not be difficult to deliver projects on time and within the costs stipulated for the project, said Prashant Tiwari, chairman of Prateek Group.

Some developers said that after RERA, the PPP model is a masterstroke by the government and will get support from all the stakeholders concerned.

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