For its first student housing project in the city, the Maharashtra government has identified a building in Tardeo that is controlled by the Maharashtra Housing and Area Development Authority (MHADA) and contains tiny studio apartments.
According to the state housing department’s additional chief secretary, Valsa Nair Singh, the project is a component of Maharashtra’s new housing policy. In places like Mumbai, Pune, and Nashik, where there is a high demand for such accommodations due to the enormous number of students coming from outside the state, the objective is to provide “swanky and safe studio apartments” for rent to students.
Plans are underway to create a thorough road map to entice private developers to join the race by offering them incentives like lower premiums and an extra floor space index (FSI) if this project takes off and gathers steam.
Three primary sectors will be the emphasis of the new state housing policy: inexpensive housing, student housing, and senior citizen living. Recently, the state administration invited public comment on a comprehensive draft policy statement on senior citizen housing in the public domain.
According to Nair, the government has already begun discussions with a number of prominent developers and stakeholders who have expressed a strong desire to include the senior citizen housing projects in their CSR efforts. She continued, “We are also in talks with a few NGOs and medical facilities/centers to participate, manage, and run them professionally.”
Source: Realty Plus
