TS for Singapore model

unnamedTS Government has proposed construction by State agencies of
houses/flats on rental-cum ownership basis on the lines of Singapore model by adopting ‘Equity Building’ and ‘Rent Cum Ownership’ basis for low income segments. House/flat allotted will be transferred after ensuring 100 % equity in 10-15 years. Private sector also will be encouraged to build rental housing stock with government support for the benefit of migrants. To encourage private investments in affordable housing, TS has proposed twice the normal FAR besides 0.50% additional FAR for timely completion of such projects. Both the States have proposed earmarking of 25% of government land available with urban local bodies for housing for EWS and LIG. TS and AP also envisaged single window clearance for approving housing projects in 60 days. Both States have proposed total waiver of Stamp Duty for affordable housing projects in respective states.

Medaram Jathara

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