Private Housing: Problems and Prospects

Posts : 1 Blood : 4714 Join date : 2011-06-06

It is an acknowledged
fact that public sector investment in housing is very small in
comparison to the investments made by the private sector. The
total public sector investment in housing during the Sixth Plan was a
paltry Rs.3, 271.4 crore. The private sector’s investment in
housing during the same period was Rs.18, 000 crore which represents
82 percent of the total investments in the housing sector (this is
according to the estimates prepared by the Central Statistical
Organization). During the Seventh Five Year Plan, the
investment made by the public sector in housing is above Rs.4, 626.55
crore, while the private sector investment is around Rs.29, 000
crore.

The Seventh plan
outlay for the housing sector is as follows:
A.
States and Union Territories:
1.
Rural house-site-cum-house construction
2.
Social and departmental housing schemes
3.
Police housing scheme: States and Union Territories
B.
Central Sector
4.
Housing and Urban Development Corporation
5.
National Building Organization
6.
Hindustan Prefab Ltd
7.
General pool office and residential accommodation
8.
Plantation labor housing
9.
Science and Technology development
10. Dock
labor housing
11.
Central Public Works Department (CPWD) training institute
12. House
building advance
13.
National Housing Bank
14.
International Year of Shelter for the Homeless and International
Cooperation

The Seventh Plan
outlay helped to solve some of the problems in states like Kerala
that was witnessing severe scarcity of land and other attendant
problems. When considering the developments in
Real Estate Kochi saw much
property development mainly due to the proper dissemination of funds
allotted by the central government to speed up housing development.
Social and departmental housing schemes got a boost as a result of
this policy.