To bridge the demand and supply gap in the low cost housing segment in urban areas, the state government has issued a notification making it mandatory for real estate developers to reserve dwelling units in housing projects for the economically weaker section (EWS) and low income group (LIG) category. Odisha State Housing Board (OSHB) has been mandated as the state level nodal agency for implementing the scheme under the Affordable Urban Housing policy, 2012. The notification suggested that OSHB will earmark at least 60 per cent of the total built-up area (15 per cent each) for EWS, LIG, lower middle income group (LMIG) and middle income group (MIG) in all its housing schemes.
The policy proposes that developers of apartment buildings and group housing projects spread over a plot size exceeding 2000 square meters will earmark at least 15 per cent of their construction area for making dwelling units for EWS/LIG categories (with EWS units not less than 50 per cent). It further reads that the developers will have the option of EWS and LIG housing at a location within the five kilometers of the project. However, such option is only available for projects occupying two acres of land or less. Alternatively, they can deposit an amount towards the Urban Poor Shelter Fund at a rate to be notified by the state government from time to time.
Source: Business Standard
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