First State to Firm up Private Investments in Affordable Housing

Private investment for affordable housing in the country to the first state

Question: Which is the first State to Firm up Private Investments in Affordable Housing?

(a) Madhya Pradesh
(b) Karnataka
(c) Rajasthan
(d) Kerala

Ans (c)

Related facts:

  • On 13 October Rajasthan government has signed four MoUs firming up an investment of Rs 5,400 crore to promote affordable housing in the state.
  • Rajasthan is First State to Firm up Private Investments in Affordable Housing.
  • These MoUs are a part of 27 MoUs signed by the state entailing an investment of Rs 12,478 crore in housing and urban development projects in Jaipur.
  • Of these, 14 of the MoUs will bring in an investment of Rs 9,273 crore into housing projects.
  • Shri Venkaiah Naidu(Minister of Urban Development ) and chief minister of state Vasundhara Raje were present at the event.
  • No. of MoUs signed – 27 in which 4 are from affordable housing.
  • 2000cr will be invested by Tata Housing Development Company Ltd  in affordable and mixed use township over an area of 10.12 hectares.
  • An MoU was signed between thestate government and Mahima Real Estate Private Ltd for affordable housing and group housing by investing an amount of Rs.1, 700cr.
  • National Building Construction Corporation(NBCC) and Wish Empire who have undertaken to invest Rs.500 cr each in Rajasthan.
  • Rajasthan was the first state to submit AMRUT action plan to the Ministry of Urban Development, first to identify 40 cities for taking up housing projects under Housing for All Mission in urban areas and the first state to ensure complete convergence in implementing Smart City Mission, Atal Mission (AMRUT), Heritage Mission and Housing Mission.

Reference:

http://pib.nic.in/newsite/hindirelease.aspx?relid=41363