Government Plans to Construct 427,000 Houses in 5 Years

KOCHI:
Kerala Government has planned to go in a big way in affordable housing sector in next 5 year period. M Sivasankar, Secretary – IT Department, said that 4,27,032 new houses will be constructed across the State by 2021.
Presenting the topic on ‘Role of IT in Online Approvals’ at the CREDAI Kerala State Conference here today, he said that the Government had classified the people who do not have houses in two categories. The first category is people with their own land holdings and the other one is without land. Instead of providing land to the landless, Government decided to build high rise apartments at various locations for affordable housing.
During last five year period, Government had constructed 416,000 houses for the weaker sections. According to him, all the people Kerala will have houses when the new initiative is fully completed. He requested CREDAI to play a major role in implementing this project. CREDAI has a very vast experience in project management and technology.
CREDAI can support the project along with their ongoing/new projects providing project management expertise. Shivsankar added that the houses will be constructed with most modern technology with prefabricated materials. This will reduce the cost and time for construction. Government has planned to implement the project in a quick manner.
Raghuchandran Nair, Vice President, CREDAI National, M.A Mahaboob, member, governing council, CREDAI also spoke on the occasion. Addressing the valedictory function of the conference, Justice C N Ramachandran Nair said that builders have to focus more on the rural area rather than cities and towns. This will give a boost not only to the rural economy, but to the entire State of Kerala. Demonetization of currencies
will largely help the real estate sector across the country as the interest rate comes down. He added that the State is facing serious shortage for building materials, especially rock and sand.
Government should permit quarries at various locations in order to reduce the transportation cost. Kerala is also having an acute problem for drinking water. Organizations like CREDAI should look into these matters more seriously, he added. Dr Najeeb Zackeria, Secretary General, CREDAI Kerala and Jayesh Kariya of
KPMG also spoke. M V Antony, Conference Chairman proposed vote of thanks.