Rented Houses for Urban Poor

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Maharashtra government’s came with a new policy to construct half a million rental homes for the poor in the mumbai city. It will serve as a major boost for the rental housing concept and effectively serve the cause of the economically weaker sections all over the country.There is a shortage of 24.70 million houses all over the country and rental housing could “contribute significantly toreduce this shortage.”.Mumbai Metropolitan Region Development Authority (MMRDA) is going to implement this rental-housing scheme,and planning to construct 200,000 rental homes in different areas within the next one year.

Who will be benifited ?

It would particularly benefit those who migrate from other states or have been transferred but cannot afford to buy a house in a city like Mumbai.The houses will be given on rent to those coming to the city and having a combined family income of Rs 5,000 per month.One condition is that those having houses within the MMR won't be eligible for getting houses and preference will be given to those hailing from Maharashtra. In case of a married couple, the house will be allotted to the couple jointly.Also, 15 per cent of the total constructed area would be earmarked as convenient shopping areas. The tenants will be charged Rs 800 per month as rent.

Why not in Hyderabad ?

Its a good initiative taken by Maharashtra Government to address the middle and lower class people who can't afford to take a rented house in costlier city like Mumbai.Hoping that AP Government and Hyderabad Metropolitan Development Authority (HMDA) formerly called as HUDA takes up an initiative on similar lines and will also consider this type of plan to address common mans problems for shelter.

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