Pune authority to evaluate builders for affordable housing projects


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The Pune Metropolitan Region Development Authority (PMRDA) has decided to evaluate developers before handing over affordable housing projects under the Pradhan Mantri Awas Yojana (PMAY). On a scale of 100, if a developer gains 70 percent, he is eligible for the projects.

Officials have stated that the Authority will join hands with high rated developers for the development of affordable housing project in the city. The Pune Authority has to build around 50,000 houses in the first phase. Over two lakhs homes will be developed under the PMAY housing scheme in areas under its jurisdiction.

Kiran Gitte, Commissioner, PMRDA, has stated that the Authority will clear all necessary permissions and zone conversions are issued within 30 days. The size of the houses will be locked by the Authority and around 50 percent of the units constructed will be as per the MHADA formula and the rest will be structured on the regular calculations.

For the evaluation, the PMRDA has urged the interested developers to forward their proposals by the first week of March 2018. The developers will be assessed on several grounds including land availability (minimum 2 acres), location of the plot (proximity to roads and Metro), water supplyn, closest electric substation and their financial capability.

Residents have hailed the decision as the tie-up with the authority will ensure transparency and timely execution of the project.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. 99acres does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.

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