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NITI Aayog Report Proposes Definition of Affordable Housing by Area and Value Caps
NITI Aayog releases a report proposing a working definition of affordable housing using carpet area and value caps for metropolitan and non-metropolitan areas. The report also lists recommendations on zoning reforms, transit-oriented development, EWS/LIG reservation norms, and rental housing legal framework linked to PMAY-U 2.0 provisions.
NITI Aayog Report:
| Dimension | Key Details |
|---|---|
| Working definition proposed | Affordable house as a dwelling unit with carpet area and value caps: up to 60 sq. m. and ₹60 lakh (metropolitan cities); up to 90 sq. m. and ₹45 lakh (non-metropolitan areas). |
| PMAY-U 2.0 (2024) definition | Defines affordable housing with the same carpet area as above and value not exceeding ₹45 lakh. |
| Zoning reforms recommendation | Mandates designation of Affordable Housing Zones within city Master Plans and Town Planning Schemes, with at least 10% of all residential land marked for affordable housing. |
| Transit-oriented development (TOD) recommendation | Authorises cities to earmark areas near metro and mass transit stations exclusively for mixed-use development comprising offices, commercial spaces, and affordable housing. |
| Reservation for EWS/LIG housing | Mandates reservation of 10-15% of built-up area for EWS/LIG housing in all housing and commercial projects exceeding 10,000 sqm built-up area or 5,000 sqm plot area. |
| Rental housing legal framework recommendation | Provides for States to adopt dedicated rental housing stock policies through Public–Private Partnership (PPP) models, in line with PMAY-U 2.0 Affordable Rental Housing (ARH) vertical. |