Overview

• The government resolution released on July 23 formalizes targets of 35 lakh houses in five years and 50 lakh in ten to address urban and industrial housing shortages.
• Investors will mobilize Rs 70,000 crore and the MahaAwas Fund will be expanded to Rs 20,000 crore to underwrite subsidies and infrastructure.
• Affordable housing has been granted infrastructure status, unlocking external commercial borrowing, foreign direct investment and priority sector lending for developers.
• Slum rehabilitation will be driven through public-private partnerships and a 20:80 Dharavi special purpose vehicle model to redevelop informal settlements.
• New constructions must comply with green building criteria and climate-resilient standards to ensure sustainable and disaster-adaptive development.