Affordable Housing research work of Senior Advocate Arun Mohan was launched by Kumari Selja,Minister of Housing & Urban Poverty Alleviation and Tourism,GoI on Saturday. Many judges of the Supreme Court and the High Court were present at the function along with Town Planners,Architects,Builders,Developers,Consultants,Experts,Bankers,and other eminent personalities. The research work Affordable Housing examines the problems faced by housing sector across all its stratas upper middle,middle,and lower middle in particular and comes up with practical solutions on how cost can be reduced and actual development carried out. The work points out how 44% of our population which can afford to repay a home loan is ignored by the finance sector. The cost of ownership can be reduced by over 30%,the interest rates (or home loans) can be reduced and those who are treated as unqualified for finance can also be given the finance. It also informs how a person who is earning a little more than the minimum wage can look forward to purchase his own flat one day. Wizardly,at law,policy and finances,keeping in view the economic fundamentals and human behavioural patterns,this work covers the problem of housing in its true spirit and is targeted at the policy maker,those concerned with implementing the policy and written in a pattern that even a layman will find it worth it. The book also highlights information and facts a prospective flat buyer,or one taking a home loan,must know. The crisis of confidence between the builder,the flat buyer and the bank financier is sought to be overcome by the concept of a Certifying-cum-Performance Guaranteeing Company (CPG Co.). The Author also plans to bring out the Executive summary in Hindi and other regional languages so that it can be used by the widest section of the society.
