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Karnataka government plans EWS quota in under new policy
ECONOMY & POLICY

Karnataka government plans EWS quota in under new policy

Karnataka is drafting a new Affordable Housing Policy, which may include a mandate for private realty developers to set aside a percentage of their projects for buyers belonging to the economically weaker sections (EWS), according to preliminary discussion. According to sources in Housing Minister BZ Zameer Ahmed Khan鈥檚 office, discussions are underway to include a clause in the new policy requiring private developers to earmark inventory for EWS citizens. At present, residential layouts have to set aside space for civic amenities such as parks and playgrounds. Affordable housing is big on Chief Minister Siddaramaiah鈥檚 agenda. The new policy, it is said, will look at simplifying procedures in the affordable housing segment and ensure coordination among multiple departments - housing, urban development, revenue and so on. The new policy will replace the one the government prepared in 2016. Having a new policy would help Karnataka get more funds for housing schemes of the union government, sources said. The government has been struggling to see fruition of its affordable housing programmes due to funding issues. Take the Chief Minister鈥檚 One Lakh Housing Scheme for example.. The government is already examining two models on affordable housing recommended by Boston Consulting Group (BCG), the finance department鈥檚 consultant on augmenting revenues. In one model, the government will provide land to a private developer. The private developer will use 30-50% of the land to construct affordable housing units as per government guidelines. After construction, the units are handed over to the government for allotment.

Karnataka is drafting a new Affordable Housing Policy, which may include a mandate for private realty developers to set aside a percentage of their projects for buyers belonging to the economically weaker sections (EWS), according to preliminary discussion. According to sources in Housing Minister BZ Zameer Ahmed Khan鈥檚 office, discussions are underway to include a clause in the new policy requiring private developers to earmark inventory for EWS citizens. At present, residential layouts have to set aside space for civic amenities such as parks and playgrounds. Affordable housing is big on Chief Minister Siddaramaiah鈥檚 agenda. The new policy, it is said, will look at simplifying procedures in the affordable housing segment and ensure coordination among multiple departments - housing, urban development, revenue and so on. The new policy will replace the one the government prepared in 2016. Having a new policy would help Karnataka get more funds for housing schemes of the union government, sources said. The government has been struggling to see fruition of its affordable housing programmes due to funding issues. Take the Chief Minister鈥檚 One Lakh Housing Scheme for example.. The government is already examining two models on affordable housing recommended by Boston Consulting Group (BCG), the finance department鈥檚 consultant on augmenting revenues. In one model, the government will provide land to a private developer. The private developer will use 30-50% of the land to construct affordable housing units as per government guidelines. After construction, the units are handed over to the government for allotment.

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