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Home Economy

Affordable Rental Housing Complexes

August 1, 2020
in Economy
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Affordable Rental Housing Complexes
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COVID-19 pandemic has resulted in massive reverse migration of workers/ urban poor in the country. In line with Prime Minister’s of ‘Atma Nirbhar Bharat’, Union Cabinet approved Affordable Rental Housing Complexes (ARHCs) as a sub scheme under Pradhan Mantri Awas Yojana (Urban) to provide ease of living to urban migrants/ poor. ARHCs Knowledge Pack was released to facilitate the scheme.

ARHC

ARHCs Knowledge Pack (AKP) includes following documents :

  • Memorandum of Agreement (MoA) to be signed with States/UTs
  • Operational Guidelines of ARHCs
  • Model Request for Proposal (RFP) for selection of Concessionaire by States/UTs/ULBs under Model-1
  • Expression of Interest (EOI) for shortlisting of Entities under Model-2
  • Frequently Asked Questions (FAQ).

AKP has been devised to provide support to all stakeholders in implementing ARHCs. A continued cooperation in successful implementation of this scheme will not only benefit urban migrants/ poor in need but also accelerate entrepreneurship and investment in the rental housing market and give a boost to the economy. It will be a win-win-win model for all.

A mobile application of CREDAI – Awaas App and an e-Commerce Portal of NAREDCO – Housing For All was also launched. These online platforms will leverage technology and provide benefits to home buyers in changing market practices by providing effective solutions. These will serve as a gateway for home buyers from around the world to connect with developers and choose their dream homes from RERA registered projects.

CREDAI Awaas is a Project Discovery Platform by CREDAI for CREDAI Members which will be available on App Store & Play Store and will be used by National & International Buyers. The platform will help the prospective buyers to reach their preferred projects and developers directly through the mobile application. It will enable buyers to virtually explore and experience the projects from 220 cities across the country.

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Source: PIB
Tags: Prelims

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