NEW DELHI: Railway minister Ashwini Vaishnaw has asked the Rail Land Development Authority (RLDA) to take up residential projects on its land parcels in cities, to create affordable rental housing stocks for its young workforce.
Responding to questions on the projects being executed by the RLDA across the country, Vaishnaw said there is a huge opportunity to develop rental housing complexes in cities which the new workforce can afford. “I have urged RLDA chairman to look into this. This will cater to the requirements of people who come to cities after getting jobs and work. They need decent accommodation at an affordable price,” he added. Rental housing is popular across major global cities.
The minister said RLDA has taken up redevelopment of several projects, including residential ones, across different cities. RLDA is a railway ministry agency that redevelops railway land for commercial and residential purposes.
Railway ministry sources said creating affordable rental housing can be a good revenue generation model for RLDA and will also address an issue that a large number of people coming to cities for jobs face.
During the first phase of the Covid-19 pandemic, the govt had announced the Affordable Rental Housing Complex (ARHC) scheme to cater to the requirements of migrant workers who end up staying in slums, informal settlements, or unauthorised colonies to save money on housing.
Responding to questions on the projects being executed by the RLDA across the country, Vaishnaw said there is a huge opportunity to develop rental housing complexes in cities which the new workforce can afford. “I have urged RLDA chairman to look into this. This will cater to the requirements of people who come to cities after getting jobs and work. They need decent accommodation at an affordable price,” he added. Rental housing is popular across major global cities.
The minister said RLDA has taken up redevelopment of several projects, including residential ones, across different cities. RLDA is a railway ministry agency that redevelops railway land for commercial and residential purposes.
Railway ministry sources said creating affordable rental housing can be a good revenue generation model for RLDA and will also address an issue that a large number of people coming to cities for jobs face.
During the first phase of the Covid-19 pandemic, the govt had announced the Affordable Rental Housing Complex (ARHC) scheme to cater to the requirements of migrant workers who end up staying in slums, informal settlements, or unauthorised colonies to save money on housing.
You may also like
Westfield shopping centre evacuated as huge fire engulfs building and public sent urgent warning
Iconic BBC actress died penniless after becoming 'most famous comic'
Bengal Education Minister indirectly blames Guv for JU student's death on Sep 11
Why Tomas Soucek was sent-off vs Tottenham Hotspur as Premier League explain decision
The unlikely UK town with the most thriving housing market - properties from just 165k
