📋 Tender Overview
Affordable Rental Housing Complexes ARHCs a sub-scheme under Pradhan Mantri Awas Yojana - Urban PMAY-U will be implemented by PublicPrivate bodies either by converting the existing Government funded vacant complexes into ARHCs or by constructing operating and maintaining ARHCs on their own available vacant land.This scheme has been formulated in line with the vision of Aatma Nirbhar Bharat to create a sustainable ecosystem of affordable rental housing solutions for urban migrants poor. It envisages to create a conducive ecosystem for Public Private Entities through policy incentives which will leverage investment for creating affordable rental housing stock.In order to provide impetus to the Public Private Partnership under this scheme following incentives benefits have been proposed by Government of India and StateUT Governments as mentioned belowExemption of Income Tax on any profits and gains derived from operation of ARHCs on similar lines as that of Affordable Housing under section 80-IBA of Income Tax Act 1961Exemption of GST on any profits and gains derived from operation of ARHCs at par with rental services of residential premises vide Notification No. 12 of 2017- Central Tax Rate dated 28th June 2017Project financeloan at lower interest rate through concessional window under Affordable Housing Fund AHF by Housing Finance Companies HFCs and Priority Sector Lending PSL by Commercials BanksProvision of Use Permission changes for houses on vacant land if needed50 additional Floor Area Ratio FAR Floor Space Index FSI free of costSingle window approval of design drawings and other statutory approvals within 30 days Necessary trunk infrastructure facilities like road sanitation services water sewerageseptage drainage electricity etc. up to the project site without any additional cost to EntityMunicipal services such as water supply electricity house property tax sewerage septage charge etc. for operation of ARHCs will be levied at par with residential projects andAdditional grant in the form of Technology Innovation Grant TIG is provisioned by Ministry of Housing and Urban Affairs MoHUA for using innovative sustainable green and disaster-resilient technologies as well as building materials for cost effective faster and quality construction of ARHCs. TIG of Rs. 60000- per house Single Bedroom Rs. 100000- Double Bedroom and Rs. 20000-per Dormitory Bed will be provided as per Scheme Guidelines. Beneficiaries for ARHCs will be from Economically Weaker Section EWS Low Income Group LIG who are urban migrantspoor. They include labour urban poor street vendors rickshaw pullers other service providers etc. industrial workers and migrants working with market trade associations educational health institutions hospitality sector long term tourists visitors students or any other persons of such category.This was informed by Minister of State IC for Housing and Urban Affairs Shri Hardeep Singh Puri in a written reply in the Lok Sabha today.
