Transcript RAJIV SWAGRUHA - Asia Pacific Union For Housing Finance

1
WELCOMES
DIGNITORIES & DELEGATES
OF
CONFERENCE
ON
AFFORDABLE HOUSING & HOUSING FINANCE
JANUARY 27-28, 2010
2
Urban Areas – Housing
122 Urban Areas in the State
– Population
(27.08%)
: 10.06 M
– Shortage
: 0.95 M
Housing – position
• Several
subsidized
housing
schemes
benefitting urban poor
• Rich face no problems in getting choice
houses
• Moderate income group relegated to the
back position - could not afford a decent
house / flat with minimum facilities and basic
infrastructure.
Urban Housing – Market - Impact
Land cost increased manifold
Left to market
Limited supply
Abnormal Costs
Affordability sacrificed
Inability of Moderate income group to buy
Emergence of Rajiv Swagruha
Rajiv Swagruha - Objective
“Every person with moderate income, having no
house of his / her own, must have a house , i.e. an
affordable decent house”.
Dr. K. Rosaiah
Hon’ble Chief Minister
Andhra Pradesh
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Affordable Housing
“Affordable housing is not about box sized
budget homes in far flung places where there
is no connectivity to work places and little
surrounding infrastructure”
Deepak Parekh
Chairman, HDFC
7
Rajiv Swagruha -Philosophy
• Affordable Housing has to cut across all
income segments of the society and has to
make economic sense – inclusive /
complementary housing
• An affordable house does not mean a
cheap house or any compromise on space,
quality or facilities as required by the
family
8
Rajiv Swagruha -Philosophy
• Demand of affordable quality homes is
in the price range of Rs.15 – 30 lakhs.
Rajiv Swagruha range Rs.6.30 – Rs.33 lakhs
• Swagruha - necessacity for many,
opportunity for few and growth engine for
Government
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Rajiv Swagruha -Philosophy
In lieu of subsidy and budgetary
support from the Government - focus is on
appropriateness, value addition and
optimization of space in designs and
layouts, quality construction in accordance
with
codes,
with
all
necessary
infrastructure and facilities, on schedule
delivery of final product and limiting the
cost - 25% less than the market – thus
creating a brand –
• Premium lifestyle at affordable cost
Rajiv Swagruha – Features
•
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•
•
•
•
•
•
•
Demand driven
Self Financed
No subsidy
No budgetary support
Affordable
Four sizes of flats / Houses
All Infrastructure and facilities
No profit - No loss basis
Cost 25% less than the local market
Covering the income up to Rs.50000 pm
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Demand Survey –Analysis
March – April 2007
Sl. Area
No
Civic
400/
523
Sft
1
Municipal
Corporations
13700 21437
14815
2
Municipalities
37117 45559
22014 10836 115526
3
Municipalities
(<100)
Total
613
Basic
685 /
813
Sft
489
51430 67485
Intrinsic Classic Total
1150
1450 – Appl.
Sft
1470 recd
Sft
179
9270
47
59222
1328
37008 20153 176076
Demand Analysis
70000
60000
38.34%
29.08%
50000
21.08%
Corporations
40000
Municipalities
30000
11.50%
20000
10000
0
A
B
C
D
Total
Project - Spread
Rajiv Swagruha
: 0.175 M (18.42%)
Coverage
: 23 DISTRICTS
122 MUNICIPAL AREAS
(Corporations, 2-tier and
3-tier)
Scheme details
Net Demand
:
1,76,076
Project cost
:
Rs.35,000 Crs
Proposed plinth Area :
139.17 M Sft
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APRSCL- Organogram
Board
CMD
ENC & ED
Dir Tech
SR GM
Tech
Dir HR
Sr GM
P&E1
Gm
Lands
Dir Plg
Sr GM
Q&V
Dir F & B
GM
Designs
Dir Mkt &
PR
Sr Gm
Mkt
24 Field divisions with support engineers and
Project Coordinators
GM
Estate
Land Bank
•
•
•
•
Required
Identified
Possession taken
Cost of lands
12,864 acres
8,329 acres
5,732 acres
Rs. 6102 Crores
Project Planning
• Strategically located Contiguous area
• Thematic Townships
• Self contained gated Community
• Creating land marks
• Vaastu compliant (light & Ventilation)
• Units open to sky on three sides
• Harith Varna (Corridor plantation)
• Furnished units
Walk in with suit case and start living
•
Pattern of construction
G+5, G+9, G+14, G+20 Stories
• Independent Duplex Houses
•
Seeing is believing
Model houses / flats constructed in every
project
Specifications
• Green Buildings and energy saving Norms
• Designs for earthquake
• NBC & Other BIS codes are followed
• VRCC
:
Framed Structure
• Masonry
:
Fly ash blocks
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Specifications
• Plastering
:
Inside Lappam
finish / Dubara
Outside
• Flooring
:
Ceramic tiles
Kajaria / Johnson
• Windows
:
Pre-painted steel
windows with fly
proof mesh
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Specifications
• Ventilators
:
Fixed Louvers
• Doors
:
Main door teak frame
and Rubber wood
shutter, others CRCA
Frames ply wood
shutters
• Kitchen
:
Granite top with
Steel sink (Nirali)
• Toilet fittings
:
bathroom fittings of
Jaguar make
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Specifications
• Cupboards
:
RCC shelves with ply wood
cover
• Dadoo
:
Glazed tiles up to lintel
level in bathrooms and
Kitchen
• Electrical
:
Concealed cables, Quality
fittings, Provision for
internet, TV & telephone
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Infrastructure
•
•
•
•
•
•
•
•
Fire fighting
Two lifts – passenger & cargo
Generator Back up
Municipal water supply
Underground drainage & STP
Cabled electricity, telephone, internet
Storm water drains with recharge pits
Paved driveways
Hassle free life
Premium lifestyle at affordable cost
Facilities - Charged
• Piped gas supply
• Solar water heater
• Solar street lighting
• Land scaped parks and tot lots
• Playgrounds
• Parking
Premier lifestyle at affordable cost
• facilities – not charged
•Club House
• Shopping complex
• Multiplexes
• Amphitheatre
• School
• Bank & ATM
• Post office etc
Quality Assurance
• Site labs - material testing and records
the results
• Quality & Vigilance wing checks at
every stage
• Surprise checks by ENC & CMD
• Third party quality checks - CIVIL AID /
IITs
• Applicants encouraged to give feed back
on quality
Fast & Cost Effective Technology
• M/s Shirke construction technology
using Siporex light weight blocks and
prefabricated technology – ABHIMAN
Jawaharnagar - Cost Rs.1100 Crs
• Aluminum formwork technology by L &
T – Manabhavana- Bachupalli – Cost
Rs.760 Crs
Eligibility
• Per month income up to Rs. 50000
• Born in AP working any part of the
world
• 5% for other Indians (Project specific)
• No House affidavit
New Applications
www.rajivswagruhaap.gov.in
Costing
• Project specific tentative cost
• 25% less than the local market
• Inclusive of construction, development, land
value, and all taxes and fee etc
• No hidden / extra costs – unlike private
market
• Cost ranges from Rs.1641/Sft to Rs.2500/ Sft
Financing pattern
• Self financed
• Booking advance
: 15%
• Within one month
: 10%
• Balance schedule of payment
– in 4 bullets
• 40%
: grounding
• 25%
: basement level
• 25%
: roof level
• 10%
: completion
: 75%
APRSCL – Role of facilitator
19 Banks committed to provide home
loans for 35 projects costing Rs. 13000
Crs
• Concessional rate of interest
• No processing fee
• Free Life Insurance
• Single window clearance
• Flexi EMI
•
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Project Status
AARAMBH
Chandanagar ( Hyd) completed
(August 2007 – August 2009)
1140 flats in 13 acres
900 – 697 Sft Two bed room
240 – 486 Sft One bed room
Project cost Rs. 132.00 Crores
Project Status
As on 20.01.2010
Sl. Item Description
No
No of
Units
Amount
in Crs
1
Projects prepared
85961
17888
2
Bids awarded
53316
9366
3
Works Grounded
49353
8742
PRASHANTHI ENCLAVE – ANOTHER
INNOVATION - SENIOR CITIZEN HOUSING
“You matter because you are you and
we will do all that we can do to help
you live peacefully with affection and
dignity “
APRSCL
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Prashanthi Enclave – Senior
Citizen Housing
– A person 58 years and above
– 640 Sft +
– Specially customized flats with anti skid tiles,
spacious corridors with grab bars, panic call
button, etc
– Common facilities like kitchen, common dining,
recreation room, clinic, Gym, Home theater,
library, Guest accommodation, etc
– Attachment with nearby super specialty hospital
– Laundromat, House keeping, round the clock
security and other services by an agency
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Kurnool Town – Reconstruction
• A, B, C Camps consisting of 248 acres to be
remodeled
– Master plan is ready
– Implementation proposed in phases
Concerns
• Land, technology and knowledge is
clubbed with long term finance ensures
sustainable, holistic programme
• Home loans up to Rs.20 lakhs – priority
sector lending but loan to Construction
company is treated as reality sector
• Lower interest rates
affordable housing
are
key
to
Concerns
• Enabling environment through incentives
and concessions may go a long way
• Self financed scheme is a new concept –
It is taking time for proper understanding
– till then momentum has to pick up
showing physical progress – need for
bridge funding / project finance at lesser
rate of interest and education to buyer –
to develop ownership
Concerns
• Both goals and approach needs to be
realistic
• Multi players are to be welcomed for
bringing balance and choice
RAJIV SWAGRUHA
a
humble beginning …
THANK YOU