GUWAHATI, Feb 6 - The Assam Real Estate & Infrastructure Developers’ Association (AREIDA) has welcomed the State Budget 2019-20 presented by the Finance Minister in the State Assembly today.
AREIDA president PK Sharma in a statement said that the real estate industry particularly welcomes the extension of the ‘Apun Ghor’ scheme to additional government employees and the path-breaking announcement applicable to all citizens, of Rs 2.5 lakh subsidy for home loans upto Rs 40 lakh, for applicants with annual income up to Rs 20 lakh. This unique initiative would work as a major incentive for home buyers and boost demand for housing and flow of the much needed capital to the real estate sector in the State.
“The one-time amnesty scheme for deviations in construction by home, flat owners, commercial space owners is a much-needed initiative which will once and for all settle the issue of deviations within the limits and parameters as laid down by the government,” the statement said.
It also said that earmarking funds for formation of the State Capital Region Development Authority in Guwahati, setting up of an elevated corridor from Chandmari to Guwahati Club, another bridge over the Brahmaputra in Guwahati, MRTS Guwahati and formation of UMTA, three freight terminuses and development of public bus terminuses at Jalukbari, Khanapara, Baihata Chariali and Amingaon would significantly enhance the infrastructure.
“Extension of the City Infra Development Fund to Kokrajhar, Diphu and Haflong; earmarking funds for roads, drainage and paver blocks in the towns and cities across Assam are welcome. Liberal allocation for urban water supply across the State is addressing a basic need of the people. We also appreciate the proposals for strengthening portals for the delivery of services notified under the Assam Right to Public Service Act, 2012 and improvement in service delivery mechanism announced,” the statement added.
AREIDA hoped that with a progressive budget other departments like GDD, UDD and revenue would streamline their long-pending work in the form of amendment to the building byelaws and single window clearances amongst others to promote the ease of doing business.