Construction of houses in public-private participation (PPP) mode is crucial to usher in affordable and sustainable housing, Minister for Revenue and Housing K. Rajan has said.
He was speaking at a workshop on ‘Empowering Kerala: Infrastructure financing and the road to affordable and sustainable housing’, organised here on Saturday by the Housing department in association with the Kerala State Housing Board (KSHB). Elaborating on the loan-linked subsidy programme, he said it could be availed by people having annual income up to ₹12 lakh. They would get 25% of the cost of construction or ₹3 lakh, whichever is lower, as subsidy.
Mr. Rajan exhorted stakeholders to focus on, sustainable construction methods like pre-casting and, energy efficiency. Citing the need for retirement homes for elderly people, he said the government had envisaged two such wellness centres, having library and other amenities since private players charged a premium for such facilities.
