Post by mitchell51 on Aug 19, 2011 16:46:13 GMT 7
On a closer scrutiny of the Five Year Plan of the Government of India it is observed that during the First Plan, the government confined itself to providing housing for low-income groups in urban areas. In 1952, a subsidized housing scheme for urban industrial workers was initiated, hence it can be concluded that since the initial stage of centralized planned development, the government laid stress on urban housing.
This can be further observed in the Central government’s intervention in improving shelter and environmental conditions in urban slums since the Second Five Year Plan. However, it cannot be said that the government’s intervention has eliminated slums form urban centers; but intervention by the state has certainly brought about substantial environmental improvement in the urban slums.
It is also observed that the government initiated housing finance to middle-income groups in urban centers through Life Insurance Corporation of India; however selective financial policy of LIC restricted many prospective homeowners to take advantage of this policy. The States’ unwillingness to intervene on a large scale was reflected in the Third Five Year Plan, when assistance for the middle-income groups was operative only in the Union Territories.
In recent times, the government is increasingly backing out of the housing sector. The total failure of the government-controlled projects in the housing sector is one major factor. Not only that the Apartments in Cochin that are built by the private builders are a class apart in quality and reliability and the common people have more affinity towards the efforts of the private sector than that of the government sector. The private builders always undertake a major real estate project only after careful in depth studies and market research.
This can be further observed in the Central government’s intervention in improving shelter and environmental conditions in urban slums since the Second Five Year Plan. However, it cannot be said that the government’s intervention has eliminated slums form urban centers; but intervention by the state has certainly brought about substantial environmental improvement in the urban slums.
It is also observed that the government initiated housing finance to middle-income groups in urban centers through Life Insurance Corporation of India; however selective financial policy of LIC restricted many prospective homeowners to take advantage of this policy. The States’ unwillingness to intervene on a large scale was reflected in the Third Five Year Plan, when assistance for the middle-income groups was operative only in the Union Territories.
In recent times, the government is increasingly backing out of the housing sector. The total failure of the government-controlled projects in the housing sector is one major factor. Not only that the Apartments in Cochin that are built by the private builders are a class apart in quality and reliability and the common people have more affinity towards the efforts of the private sector than that of the government sector. The private builders always undertake a major real estate project only after careful in depth studies and market research.