Panel Discussions during “Housing – New Vision Summit” held on July 5, 2017

SESSION I - A & I – B: EPC OF AFFORDABLE HOUSING & MARKETING AFFORDABLE HOUSING

Key pointers:

Owing to the income distribution, the need and demand are different in Affordable Housing, the problem in Mumbai can't be solved - other nearby areas should also be considered, to make it a success like good infrastructure and the last mile connectivity.   

For making Affordable Housing attractive, the following should be undertaken:

1. Creation of land parcel with infrastructure
2. Swifter approvals
3. Public Private Partnership model
4. Tax - Free bonds for affordable housing
5. Self-declaration model and Good governance
6. Policy reforms and Capacity building

 32 million homes are required in 2022

SESSION I - D: UD & MoEF SESSION

1. Government's larger vision is to promote and allow development in the state
2. FSI approval not to come to Government – Work is on
3. Except for cluster development, township development, no other approval comes to government
4. For zone change, approval to be obtained from local authority
5. A common DC Regulation for all Municipal Corporations

SESSION II - A: FUNDING AFFORDABLE HOUSING SESSION

1. RBI to be pushed for affordable housing for land funding
2. Representation to be made before CBDT for clarification for earlier project (IOD received) but CC received post 1 June should be eligible for deduction under section 80IBA
3. RBI has relaxed LTV for individual borrower
4. NHB passes the subsidy within 4 days
5. MOU signed between SBI and Maharashtra government for funding SRA project

SESSION II - B: EODB IN REVENUE & MoEF SESSION

1. Land titling bill will come by December 2017
2. Recommendation for coming out with publication on government's reform initiatives
3. Valuation for stamp duty to be location based will soon be rolled out.
4. Maharashtra land mutation - power can be delegated by making amendment to Maharashtra land revenue
5. Reference to the built-up area cannot be changed to carpet area side under TOPA; the calculation includes internal walls etc.

SESSION II - C: EODB IN BUILDING PLAN APPROVAL SESSION

1. Rationalization of tax needed
2. Reason for rejection of application to be made public
3. Hoarding charges can be paid along with IOD charges
4. Period for which file is pending with the government official to be monitored
5. Simplification of OC

SESSION III: MAHARERA SESSION

1. Purpose of RERA is to ensure that the building is complete and possession is granted to buyers
2. No maximum limit on the number of documents that can be uploaded
3. Letter was written to the government requesting to repeal MOFA

Maharashtra Transfer of Title Act to replace MOFA. This regulation to cover the following:

1. Project getting OC post 1 may 2017
2. Formation of legal entity
3. Defect liability