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Construction : Policy Update | November 2015 | Source : Infrastructure Today

Centre to discuss policy support by states for affordable housing

The Ministry of Housing and Urban Poverty Alleviation will discuss with the states the policy measures being taken by them to promote affordable housing projects for the benefit of economically weaker sections (EWS) and low income groups (LIG).

The Governments of Andhra Pradesh and Telangana have proposed total waiver of Stamp Duty for affordable housing projects in respective states.

In the Draft Affordable Housing Policy of Andhra Pradesh, presented to the Ministry of HUPA, the state government has also proposed waiver of land conversion fee, infrastructure development charges, building plan approval fee, registration fee and betterment charges to promote affordable housing for EWS and LIG, besides relaxation in floor area ratio (FAR).

Both the states have proposed earmarking of 25 per cent of government land available with urban local bodies for housing for EWS and LIG.

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