Punjab: Rental housing policy on agenda of cabinet meeting

Chandigarh, Jan 24: The Punjab council of ministers will discuss a draft policy on rental housing in its meeting on Wednesday.

A draft prepared by the housing and urban development department will be tabled in the meeting, official said.

Sources in the government revealed that the policy aims at encouraging group housing and creating large blocks to be given on rent for a specific time period.

Vinni Mahajan, additional chief secretary, housing and urban development department, said, “The purpose of the policy is to target professionals and young dwellers who can’t buy a dwelling unit, yet they want to live with all amenities.”

The group houses coming up under the policy as per the draft will have all the facilities such as food court and recreation centre.

Officials say it’s a housing policy focusing on rental properties, unlike other policies which are in practice, including those offered by the Centre, that give the ownership right, but there’s nothing for the tenants.

News Source:www.hindustantimes.com




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