Housing Board to construct LIG, MIG houses in seven cities
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The Gujarat Housing Board (GHB) has come up with a project to provide low-cost housing to lower and middle income groups in the state. The project will be implemented in seven major cities of the state this year. It is worth mentioning here that the GHB has decided to construct low-cost houses after a gap of five years. .
Ahmedabad, Rajkot, Vadodara, Surat, Junagadh, Jamnagar and Bhavnagar are the cities where the project will begin in a phased manner. The first phase will cover Ahmedabad, Rajkot and Vadodara.
Manish Jivani, the Housing Commissioner of GHB said, "We are starting this project with a different perspective. The proposals are ready and we are awaiting the final letter of the RPF document. January will hopefully mark the start of the process."
The GHB owns 500 acres of land in the state, out of which some land will be used in the project, depending on land parameters in the city. According to Jivani, the land will be given to developers through bidding. The land will be first used for LIG (low income group) housing and then for MIG (medium income group). The balancing land will be with the developer, who can put it to commercial, recreational or other use after procuring permission.
The cost of construction will be borne by the developer only. But the catch is that the GHB will be an equal partner in revenue from any construction done on the balancing land. Jivani added: "With the current economic slowdown and dipping construction costs, the developers will have a benefit. Since developers will take up the cost of construction, LIGs will be free for us. Moreover, we will fetch the revenue from the balancing land, which will be used for public property. The money coming from that land will be used for other housing projects. Therefore, this will lead to a cyclic development in Gujarat."