JAIPUR: During pandemic, more housing colonies were launched by the government as compared to those in the private sector in the state.

The trend could be seen in the Real Estate Regulation Authority (RERA), Rajasthan, registrations in August. While 18 colonies were registered by government agencies, private players listed 14.

The total registrations in August and September are 40, out of which private players registered 21 colonies while civic bodies applied to launch 19 colonies. An official at Urban Development Housing (UDH) said, “Many housing colonies, which were relaunched by government agencies, are not registered at RERA. If one includes these colonies, the government has outrun private firms in the last two months.”

Rajasthan Housing Board (RHB) is among the leading civic body, which has registered 14 housing colonies at RERA. The other agencies are Jaipur Development Authority (JDA), urban improvement trust (UIT), Kota, UIT (Udaipur), Jodhpur Development Authority (JDA), Nigam Jhalwar and others.

Official said while many private developers are waiting for the market condition to revive, government agencies are launching schemes to benefit the masses as well as to earn profits.

RHB commissioner Pawan Arora said, “In times of pandemic, our aim is to provide houses and commercial establishments to consumers at affordable prices. We are developing cost effective schemes on 20 years instalments.”

Few claimed the government agencies can never compete with private sector in launching schemes and developers will launch the schemes once the system to receive approvals would revive once Covid goes away.

Ankur Tiwari, a middle range developer said, “Developers will start construction once labourers and other supply is resumed properly. Also, many are not approaching the civic agencies at the time of pandemic to get projects approved. However, the market would roll again as demand will surge.”



Source link

Leave a comment

Your email address will not be published. Required fields are marked *

Call for Free Visit