Rajasthan first state to firm up private investments in affordable housing ; 4 MoUs signed

New Delhi: Tata Housing to invest Rs.2,000 cr ; NBCC Rs.500 cr

Shri Venkaiah Naidu lauds the initiative; says will act as light house to other states

Rajasthan Government has taken lead in promoting affordable housing by signing four Memoranda of Understanding firming up an investment of Rs.5,400 cr. These four MoUs were a part of 27 MoUs signed entailing an investment of Rs.12,478 cr in housing and urban development projects in Jaipur today in the presence of Minister of Urban Development Shri M.Venkaiah Naidu and Chief Minister Smt.Vasundhara Raje Scindhia. These include 14 MoUs for promoting housing projects with an investment of Rs.9,273 cr.

Tata Housing Development Company Ltd has committed to invest Rs.2,000 cr in affordable and mixed use township over an area of 10.12 hectares. Mahima Real Estate Private Ltd has signed MoU with the state government to invest Rs.1,700cr in affordable housing and group housing followed by National Building Construction Corporation (NBCC) and Wish Empire who have undertaken to invest Rs.500 cr each in Rajasthan.

The 14 housing related investment projects are expected to provide employment to 26,650 persons. Total employment from the 27 MoUs signed today is expected to be 38,950.

Other MoUs related to Medical and Health Care, Education, Industry and Tourism in different parts of Rajasthan.

Speaking on the occasion, Shri M.Venkaiah Naidu complimented Rajasthan for being in the forefront of implementing new urban sector initiatives. He said that the MoUs mobilizing investments in affordable housing will act as light house to others. Shri Naidu further said that Rajasthan was the first state to submit AMRUT action plan to the Ministry of Urban Development, first to identify 40 cities for taking up housing projects under Housing for All Mission in urban areas and the first state to ensure complete convergence in implementing Smart City Mission, Atal Mission (AMRUT), Heritage Mission and Housing Mission.

shri Naidu noted that there is a new churning and new beginning by urban local bodies and the States since the launch of Smart City Mission and a new enthusiasm to address the challenges of urbanization in the country.

The Minister said that recasting of country’s urban landscape is a challenging task given the inadequacy of basic infrastructure in urban areas which also offered immense investment opportunities. The Minister gave details of the benchmarks and actual availability in respect of basic services pointing out gaps in the range of 31% in respect of toilets and to a high of 96% in case of reuse and recycling of urban waste.

Gaps in availability of infrastructure in urban areas:

S.No	Indicator	Benchmark	National average
1	Coverage of water supply connections	100%	50.20%
2	Per capita supply of water	135 litres per capita Per day	69.20 lpcd
3	Extent of metering of water connections	100%	13.30%
4	Extent of non-revenue water(water being supplied without recovery of charges)	20%	32.90%
5	Availability of water supply	24 hours	3.10 hours
6	Cost recovery in water supply services	100%	38.80%
7	Coverage of toilets	100%	69.50%
8	Coverage of sewerage network services	100%	12.20%
9	Adequacy of sewage treatment capacity	100%	5.30%
10	Extent of reuse and recycling	20%	4.00%
11	Door to door collection of solid waste	100%	35.00%
12	Segregation of municipal solid waste	100%	10.80%
13	Quantity of waste being processed	80%	14.50%
14	Scientific disposal of solid waste	100%	9.70%
15	Coverage of storm  water drainage network	100%	45.80%

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.