“HOME IS WHERE THE HEART IS”
“TO OWN A HOUSE IS A BIRTH RIGHT.”
This is for internal reference only
AFFORDABLE HOUSING
AFFORDABLE HOUSING(EWS / LIG / MIG)
•
Affordable housing is that which is
deemed affordable to those with a
median household income
•
Reasonably adequate in standard
and location for Economic Weaker
Section/ Low Income Group / Middle
Income Group.
•
The purpose of it is to provide
places for people to live at a
reasonable cost for them to afford.
AFFORDABLE HOUSING(EWS / LIG / MIG)
• ECONOMIC WEAKER SECTION (EWS):- Sections of
the societies living below poverty line. Families
having household annual Income on an average up
to 60K to 1Lac rupees per annum.
• LOW INCOME GROUP (LIG):-Sections of the society
living above the poverty line. Families or household
having annual income of more than 1Lac to 2 Lac
rupees per annum
• MIDDLE INCOME GROUP(MIG):- Sections of the
society living way above the poverty line. Families
having household income of 2Lac rupees and above
but cannot afford a house in ownership.
AFFORDABLE HOUSING(EWS / LIG / MIG)
•
LOW INCOME HOUSING :- Low Income
Housing refers to residences for
individuals or families with low annual
household income.
•
Low Income housing benefits amount to a
subsidy that helps close the affordability
gap. In practice subsidies limit the amount
of money a family spends on rent and
utilities to no more than 30 percent of their
household income.
AFFORDABLE HOUSING(EWS / LIG / MIG)
LOW INCOME HOUSING (LIH)
•
There are many such housing programs that are
privately operated & funded by the State or Government
•
Low income housing has historically been perceived as a
subject under government domain. Government was
expected to provide subsidies, come up with technology
solutions and provide infrastructure enabling
development of housing solutions.
•
The scale of the problem especially when looked at in
conjunction with infrastructure aspects such as water,
power, transport, sewage, sanitation and relevant social
infrastructure such as schools and health centres, poses
a challenge that the government alone cannot be
expected to manage.
AFFORDABLE HOUSING
BENEFITS OF LOW INCOME HOUSING ( CONSUMER)
•
Economic growth will have meaning & value
•
Better quality of life for people living in slum like conditions
•
Lack of facilities properly planned
•
High quality at low costs
•
Accommodates individuals with different skills which benefits the communities
(teachers, helper, shop assistants, home assistances etc)
•
Increasing social & economic integration amongst people from different aspects of life.
•
Easy accessibility for work, schools etc.
•
Asset building, Less Govt. taxes, Stamp Duty, Etc.
•
Fulfilling dreams
•
Employment Opportunities.
AFFORDABLE HOUSING
BENEFITS OF LOW INCOME HOUSING (DEVELOPERS)
•
Increase in FSI (Floor Space Index), well planned layouts
•
Tax Benefits
•
Project appraisals are quicker (basic need water,
power, security, roads, access points)
•
Building trust based relations with communities
& partners
•
Cost of construction is decreased by adopting
appropriate construction techniques
•
Easier Land Sanctions (zone conversions & use)
•
Allowance of area for HIG to cross subsidise
higher costs.
AFFORDABLE HOUSING
BUSINESS MODELS FOR DEVELOPERS
•
TRADITIONAL DEVELOPERS
•
LOW INCOME HOUSING DEVELOPER
•
Buy Land
•
Buy Land
•
Incremental Construction
•
Sell All Units
•
Sell units
•
Construct completely
•
Wait for land value appreciation
•
Land as inventory
•
Land as asset
•
Short Life Cycle
•
Larger life cycle
•
High IRR
•
Very high but uncertain returns
•
Good Margins
•
Construction Incidental
•
Complete occupation
Amenities
•
Entertainment (Theaters, Malls, Parks, Sport activities)
•
Hospitality (Hotels, Dormitories, Service Apartments)
•
Playground (Play zone)
•
Community Centers (Halls, clubs)
•
Infrastructure
•
Promotion of Medical Tourism
Zoning plan
110 ACRE OF LAND
•
Layout Design : 79,51,000 Sq ft
•
Service Appt: 3,00,000 Sq ft
•
5 Star Hotel : 4,00,000 Sq ft
•
Entertainment like play zone, mall recreational
hall, club, multiplex, theatres : 3,50,,000 Sq ft
FUTURE EXPANSIONS
•
Degree College : 1,50,000 Sq ft
•
Medical College: 1,50,000 Sq ft
•
College for Hotel Management: 50,000 Sq ft
•
Hostel for boys and girls: 50,000 Sq ft
•
Health care, hospitals, clinics, chemist for
medical tourism : 3,50,000 Sq ft
Zoning plan
PROPOSED MASTERPLAN
LIG AREA CALCULATION
AREA PER
FLAT
NO.OF
ROOMS
NO.OF
UNITS
AREA
NO OF
FLOORS
NO.OF
BUILDINGS
25O SQ.FT
1 BHK
2000
5,00,000
SQ.FT
8
67
325 SQ.FT
1 BHK
2500
8,12,500
SQ.FT
10
67
460 SQ.FT
2 BHK
1200
5,52,000
SQ.FT
10
33
TOTAL
18,64,500
SQ.FT
LIG MASTERPLAN
LIG TYPE I(460sq.ft)
LIG TYPE II(325sq.ft)
LIG TYPE III(250sq.ft)
SECTOR 2
SECTOR1
SECTOR 3
LIG Conceptual Elevation
LIG-SECTOR -1
S
H
O
P
S
O
P
E
N
O
P
E
N
O
P
E
N
G
R
O
U
N
D
G
R
O
U
N
D
G
R
O
U
N
D
LIG TYPE I
LIG TYPE I
460 SQ FT.
LIG-SECTOR -2
OPEN GROUND
S
H
O
P
S
OPEN GROUND
LIG TYPE II
LIG TYPE II
325 SQ FT.
7’3”x6’7”
9’10”x14’1”
9’9”x9’10”
3’11”x3’11” 2’11”x3’11”
LIG-SECTOR -3
OPEN GROUND
OPEN GROUND
LIG TYPE III
LIG TYPE III
250 SQ FT.
7’1”x7’3
”
7’10”x9’
4”
8’x1
6”
3’7”x3’11
”
2’11”x3’1
1”
LIG Conceptual Elevation
MIG AREA CALCULATION
AREA PER
FLAT
NO.OF
ROOMS
NO.OF UNITS AREA
NO OF
FLOORS
NO.OF
BUILDINGS
750 SQ.FT
2 BHK
3000
22,50,000
SQ.FT
19
40
1000 SQ.FT
2 & 1/2 BHK
2500
25,00,000
SQ.FT
16
40
MIG MASTERPLAN
MIG TYPE I & II
MIG TYPE I
750 SQ FT.
11’8”x10’
11’x21”
7’7”x10’
14’9”x10’8”
4’1”x7’1” 4’1”x7’1”
MIG TYPE II
1000 SQ FT.
7’7”x10’
KITCHEN
BEDROOM
10’ x10’
11’x21”
LIVING
14’9”x10’8”
BEDROOM
4’1”x7’
1”
4’9”x7’5”
DINING
4’1”x7’
1”
8’4”x4’
1”
BEDROOM
11’8”x12’8”
MIG CONCEPTUAL ELEVATION
HIG AREA CALCULATION
AREA PER
FLAT
NO.OF
ROOMS
NO.OF UNITS AREA
NO OF
FLOORS
NO.OF
BUILDINGS
1350 SQ.FT
3 BHK
990
31
8
13,36,500
SQ.FT
HIG MASTERPLAN
HIG TYPE I
HIG TYPE I
1350 SQ FT.
13’1”x23’2”
13’1”x13’
13’1”x14’1”
DINING
6’3”x6’11”
8’x10’8”
HIG Conceptual Elevation
HIG ENTRANCE Conceptual View