Monday, January 05, 2009

Developers may have to set aside 20% space for EWS

After the Union housing minister's decision to hold a meeting with state governments urging them to ensure reservation of developed land for EWS in housing projects, developers may soon have to reserve 20% of the space in their housing projects for economically weaker section (EWS) of the society.

According to the proposed norms, private builders and developers will have to adhere to the new policy and make space for accommodating the poor in their housing projects. The proposal has been included as part of mandatory reforms to avail funds under the Rs 50,000 crore Jawaharlal Nehru Urban Renewal Mission (JNURM).

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