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Punjab: Rental housing policy on agenda of cabinet meeting

Date:

Chandigarh, Jan 24: The Punjab council of ministers will discuss a draft policy on rental housing in its meeting on Wednesday.

A draft prepared by the housing and urban development department will be tabled in the meeting, official said.

Sources in the government revealed that the policy aims at encouraging group housing and creating large blocks to be given on rent for a specific time period.

Vinni Mahajan, additional chief secretary, housing and urban development department, said, “The purpose of the policy is to target professionals and young dwellers who can’t buy a dwelling unit, yet they want to live with all amenities.”

The group houses coming up under the policy as per the draft will have all the facilities such as food court and recreation centre.

Officials say it’s a housing policy focusing on rental properties, unlike other policies which are in practice, including those offered by the Centre, that give the ownership right, but there’s nothing for the tenants.

News Source:www.hindustantimes.com

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iGlobalPunjab.com is a Canada-based digital news and media platform connecting Punjabi communities worldwide. With a focus on credible journalism, community stories, and global Punjabi perspectives, the platform covers news, culture, politics, and diaspora affairs in Punjabi and English. iGlobalPunjab aims to inform, engage, and empower readers through balanced reporting and thoughtful analysis, giving voice to the issues that matter most to Punjabis at home and abroad. From local initiatives to international developments, iGlobalPunjab.com stands as a bridge between tradition and modernity — celebrating Punjabi identity in a global context.

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