| PROPERTY |
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| HOME FINANCE |
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| NRI CENTER |
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| Monthly Bulletin - May Edition - 2007
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Ms. Kumari Shailaja
Union Minister of State for Housing
& Urban Poverty Alleviation,
Government of India,
New Delhi.
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25th May,2007
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Dear Sir, |
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1. Between 1920 and 1940 massive investment was done mostly by middle class
persons, out of their hard earned savings, in the Housing sector. LVth the
result, that by 1940 plentiful accommodation was created and it was quite common
to see in the early 1940's, boards displaying "to be let". The available
accommodation -.-,tas il: SL;4ius- This was achieved entirely by the private
sector, without any Government subsidy or help.
Bombay Rent Act, 1947 Freezing of Rents thereunder has played havoc
and ruined Mumbai
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2. The Association is confident that if Government formulates proper and
liberal policies encouraging the private sector and the owners of the properties
containing old building, slums etc it would lead to speedy reconstruction and
redevelopment of all the properties including the old buildings and slums more
or less and Mumbai would be free from old buildings, chawls and slums in a
period of next 10 to 15 years AND end the acute shortage of Housing and
providing sufficient rental Housing.
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3. Government should concentrate on development and redevelopment
schemes on Government lands only for creating of large housing stock for
economically weaker sections (EWS), Low Income Group (LIG) etc.
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4. Government agencies should act as facilitator for speedy development
and redevelopment of private properties by owners of the property / private
sectors for creating of large housing stock in cities of Maharashtra. The Public
Private Partnership should be limited only to Government lands which are in
possession of Government. We strongly object for Public Private Partnership to
be done on the Private owners properties.
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5. Government should concentrate and take effective steps for upgrading
infrastructure facilities like power supply, water supply, drainage system,
sewerage system, roads, bridges, different modes of transport etc.
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Archives
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July 2007
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April 2007
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Resources Provided by The Property Owners' Association
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