An innovative concept can help middle class or poor also get good housing and in tis step forward Maharashtra government is planning to make it mandatory for real estate developers to reserve 20 percent of area in a plot of more than 2,000 sq.metres for affordable housing.
However, there will be no cap on the prices of flats, and rates will be determined by market conditions. In exchange for this reservation, the developers will get incentive FSI in the ratio of the low cost houses built.
Not a bad idea as realtors get more FSI means that they are also adequately compensated and not so rich gets an option of owning an affordable house.
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