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 Private Housing: Problems and Prospects

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Blood : 2784
Join date : 2011-06-06

PostSubject: Private Housing: Problems and Prospects   Tue Jun 07, 2011 12:08 am

It is an acknowledged
fact that public sector investment in housing is very small in
comparison to the investments made by the private sector. The
total public sector investment in housing during the Sixth Plan was a
paltry Rs.3, 271.4 crore. The private sector’s investment in
housing during the same period was Rs.18, 000 crore which represents
82 percent of the total investments in the housing sector (this is
according to the estimates prepared by the Central Statistical
Organization). During the Seventh Five Year Plan, the
investment made by the public sector in housing is above Rs.4, 626.55
crore, while the private sector investment is around Rs.29, 000

The Seventh plan
outlay for the housing sector is as follows:

States and Union Territories:

Rural house-site-cum-house construction

Social and departmental housing schemes

Police housing scheme: States and Union Territories

Central Sector

Housing and Urban Development Corporation

National Building Organization

Hindustan Prefab Ltd

General pool office and residential accommodation

Plantation labor housing

Science and Technology development

10. Dock
labor housing

Central Public Works Department (CPWD) training institute

12. House
building advance

National Housing Bank

International Year of Shelter for the Homeless and International

The Seventh Plan
outlay helped to solve some of the problems in states like Kerala
that was witnessing severe scarcity of land and other attendant
problems. When considering the developments in
Real Estate Kochi saw much
property development mainly due to the proper dissemination of funds
allotted by the central government to speed up housing development.
Social and departmental housing schemes got a boost as a result of
this policy.
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