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India News | Land a Binding Constraint in Housing Sector, Needs to Be at Centre of Reform Agenda: NITI Aayog Member
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New Delhi [India], August 11 (ANI): The Ministry of Housing and Urban Affairs (MoHUA) on Tuesday organised a National Conference on Affordable Housing Reforms - "Reimagining Affordable Housing: From Scheme to Sustainable Ecosystem" here which was addressed by Rajiv Gauba, Member, NITI Aayog.
The Conference brought together senior policymakers, experts and representatives from States/UTs and key financial institutions to deliberate on reforms and innovative approaches for strengthening the affordable housing ecosystem.
Addressing the audience, Gauba emphasised the need for land and planning reforms to expand affordable housing at scale.
He suggested considering waiving land-use change fees for land dedicated to affordable housing and exempting affordable housing units from stamp duty to improve project viability and affordability.
"Land is the most binding constraint in the housing sector and therefore, it has to be at the centre of the reform agenda," Gauba said, a release said.