The Tamil Nadu Housing Board is working on new business models such as joint development and land pooling concept in real estate development to increase supply of affordable housing, according to Mr Phanindra Reddy, Secretary, Housing and Urban Development, Tamil Nadu.
Addressing the Municipalika 2012, an international seminar on sustainable urban development, he said the public sector housing provider has run out of land bank stocks and is exploring new business models. These include joint development of land and land pooling in which the land owner not only gets the market price for land but also benefits from the value addition to the land as he gets a share of the developed portion, he said.
The State Government agencies such as the Housing Board, Chennai Metropolitan Development Authority and the housing cooperative societies are all focussed on improving service delivery. Public transport is set to get a fillip with the implementation of the Unified Metropolitan Transport Authority which will coordinate with the different modes of transport. Focus is also on planned development of smaller cities and towns
Mr Sudhir Krishna, Secretary, Urban Development, Government of India, said State Governments have to strengthen the capacity in skills and processes in the local bodies for improve urban governance.
Development of satellite cities is of primary importance to bring down pressure on existing urban centres. Success stories in Delhi and Kolkata are a proof of the necessity for satellite cities. Redevelopment of cities while protecting heritage structures is important, he said at the international seminar on urban governance organised by the Good Governance India Foundation.
The Tamil Nadu Minister for Housing and Urban Development said the housing board and the Tamil Nadu Slum Clearance Board together plan on providing over 1.85 lakh residential units at a cost of over Rs 17,230 crore over the next five years.