Housing For All' to boost Indian economy: Report

[Optimos Prime IA]

Housing For All' to boost Indian economy: Report

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31 Aug, 2015, 1656 hrs IST, Sachin Dave, ET Bureau

The report, however, went on to add that the success of this scheme would also depend on how the existing urban infrastructure is ramped up.
MUMBAI: Housing For All, the recent project by the Indian government is set to provide a much needed boost to theIndian economy, India Ratings and Research ( Ind-Ra) said in a report.

The report however went on to add that the success would also depend on how the existing urban infrastructure is ramped up. "The direct benefit of HFA to the economy is estimated to be Rs 15,000 crore in a seven-year timeframe (FY16-FY22). Funding of the investment of Rs 15,000 crore through public-private partnerships and ramping up the supply of raw materials for construction namely steel and cement are big challenges for the execution of the HFA scheme. Municipal services such as supplying piped water, sewerage, sanitation and municipal solid waste management are also far from being equipped to take on a project of this magnitude in the next seven years," the report added.

The scheme is set to provide about 2 crore houses in three phases from 2016 to 2022. There is a central government grant of about Rs 1,00,000 for slums and about Rs 1,50,000 for other households. "Central government will provide interest subvention to households at 6.5% for loans up to a 15-year tenor through two nodal agencies - Housing and Urban Development Corporation Limited ('IND AAA'/Stable) and National Housing Bank ('IND AAA'/Stable). The government will have to find more resources to finance this, so as to adhere to its fiscal deficit target," the report added.

According to the research report the demand for cement for the scheme alone to be closer to 2015 production levels. However, an increase in capacity for many manufacturers may lead to redundancy after the project gets over the report reiterated


'Housing For All' to boost Indian economy: Report - The Economic Times

Do you have something like this in Pakistan

 

[nForce]

Forget Pakistanis, I don't believe this.

 

[Optimos Prime IA]

Forget Pakistanis, I don't believe this.

Its up to you to believe what you want to .
Its really funny after 40 years ay vetrans blaming modi for OROP debacle . Now they want to campaign against BJP in bihar ? What the fuk ? Govt says its not possible or willing to raise pension every years other than next consecutive pay commission . But vetrans want every year raise which will easily make india a beggar nation once other forces demand OROP .

And NDTV today claimed that India literally embarrassed with 7% GDP for the last two month from grestest growth rateof 7.5% previous 2 months from tjis . What is it joke ? 7% became unacceptable and plus .5% became unprecedented normal ?

And now you come up with this

Lol get a life man

 

[nForce]

Its up to you to believe what you want to .
Its really funny after 40 years ay vetrans blaming modi for OROP debacle . Now they want to campaign against BJP in bihar ? What the fuk ? Govt says its not possible or willing to raise pension every years other than next consecutive pay commission . But vetrans want every year raise which will easily make india a beggar nation once other forces demand OROP .

And NDTV today claimed that India literally embarrassed with 7% GDP for the last two month from grestest growth rateof 7.5% previous 2 months from tjis . What is it joke ? 7% became unacceptable and plus .5% became unprecedented normal ?

And now you come up with this

Lol get a life man

Yeah well..I have a little more idea than you about what 2 crore houses mean. So, you want me to get as life? Thank you, I already have one better than the most. Best of luck to you for yours.

 

[Nilgiri]

BJP actually believes in supply -side economics. Even if you have doubts about their programs, they have the highest chance of being implemented...and implemented well compared to Scamgress which only believes in entitlement, purely "sharing" instead of also growing and sickularism.

Case in point: Indian railways and now the PSU Banks.

With land acquisition initiative coming at select state level and long term better management and reform of banking and finance....we can expect this housing scheme to be on solid ground.

Even if they achieve only a fraction of the objective, it is much more than any other administration is capable of (they are always talk talk talk, no actual work).

Modi is nowhere near 100% perfect....but he is definitely bringing a noticeable change to way Indian govt functions:

#Modi1: How the PM dismantled the transfer-posting industry

It will take some time for the benefits and improvements to concretely manifest themselves to the average person....and combine to create a greater momentum for the country's change as a whole.

 

[Sky lord]

Forget Pakistanis, I don't believe this.

If you don't mind please Explain why you think so, one liner is too enigmatic.

 

[KingMamba]

Who will pay for all of this? Sounds like some socialist scheme.

 

[nForce]

If you don't mind please Explain why you think so, one liner is too enigmatic.

It's a scam waiting to happen if not one already. Anyway, this is going to be yet another process's of systematic briebary like that 100 days' work programme.
The right thing to do would have been regulation of property prices.

 

[Sky lord]

It's a scam waiting to happen if not one already. Anyway, this is going to be yet another process's of systematic briebary like that 100 days' work programme.
The right thing to do would have been regulation of property prices.

You mean like rent control? But that has already been tried out and doesn't work. Tenants don't move out, rents remain very low and landlords refuse to maintain property leading to rapid deterioration of surroundings. If you mean purchase price and artificially control the price at which you can buy property, it will lead to massive corruption with bureaucrats in charge of distribution of price control property being able to command the difference in price between the free market and the price control property as bribes. Resale will increase black money substantially.

Some way has to be found where there is substantial competition between private parties to provide affordable housing. Artificial price control will be a disaster.

 

[nForce]

You mean like rent control? But that has already been tried out and doesn't work. Tenants don't move out, rents remain very low and landlords refuse to maintain property leading to rapid deterioration of surroundings. If you mean purchase price and artificially control the price at which you can buy property, it will lead to massive corruption with bureaucrats in charge of distribution of price control property being able to command the difference in price between the free market and the price control property as bribes. Resale will increase black money substantially.

Some way has to be found where there is substantial competition between private parties to provide affordable housing. Artificial price control will be a disaster.

Rent will follow property pricing.
Any system is subject to corruption is the fear of retribution is not there. That is no excuse.

 

[xyxmt]

Housing For All' to boost Indian economy: Report

• Email

31 Aug, 2015, 1656 hrs IST, Sachin Dave, ET Bureau

The report, however, went on to add that the success of this scheme would also depend on how the existing urban infrastructure is ramped up.
MUMBAI: Housing For All, the recent project by the Indian government is set to provide a much needed boost to theIndian economy, India Ratings and Research ( Ind-Ra) said in a report.

The report however went on to add that the success would also depend on how the existing urban infrastructure is ramped up. "The direct benefit of HFA to the economy is estimated to be Rs 15,000 crore in a seven-year timeframe (FY16-FY22). Funding of the investment of Rs 15,000 crore through public-private partnerships and ramping up the supply of raw materials for construction namely steel and cement are big challenges for the execution of the HFA scheme. Municipal services such as supplying piped water, sewerage, sanitation and municipal solid waste management are also far from being equipped to take on a project of this magnitude in the next seven years," the report added.

The scheme is set to provide about 2 crore houses in three phases from 2016 to 2022. There is a central government grant of about Rs 1,00,000 for slums and about Rs 1,50,000 for other households. "Central government will provide interest subvention to households at 6.5% for loans up to a 15-year tenor through two nodal agencies - Housing and Urban Development Corporation Limited ('IND AAA'/Stable) and National Housing Bank ('IND AAA'/Stable). The government will have to find more resources to finance this, so as to adhere to its fiscal deficit target," the report added.

According to the research report the demand for cement for the scheme alone to be closer to 2015 production levels. However, an increase in capacity for many manufacturers may lead to redundancy after the project gets over the report reiterated


'Housing For All' to boost Indian economy: Report - The Economic Times

Do you have something like this in Pakistan

what happened to toilets for all?

I just hope you dont go stand in the line for your number, it will be a long wait