Greater cooperation for greater development

In Ernakulam Real Estate values are always on the higher side.  Thus there remains a prominent role for the private and public agencies to create living spaces by standing within the available constraints and lack of necessary resources. 
 
Certain key aspects will always help to effect a major change:
i.                     The housing and urban development agencies, would, however, be well advised to give up the role of long term housing finance, that is, providing plots/ houses on hire purchase basis. 
ii.                   The financing role should normally be left to the banks and housing finance institutions.  It is desirable that the houses built are sold to the beneficiaries on outright sale so that the resources of the agencies are not tied up for a long time.
iii.                  The housing and development agencies will require working capital for acquisition of land, laying of infrastructure and construction of houses where considered feasible and desirable.  The National Housing Bank (NHB) proposes to fund such integrated projects that meets their guidelines.  It will provide only short-term loans up to the state of construction, even if the agency desires to continue with the hire-purchase system.  In the latter case, the agency should repay the loan to the NHB after the completion of the construction processes by making arrangements with an appropriate agency for long-term finance.
iv.                  The housing and land development agencies may undertake projects of land development, either for plot development or for group housing or a mix of both, i.e., individual plots and group housing pockets. 
v.                    Integrated projects for land development, which include land acquisition, on-site infrastructure can be considered.  No separate proposal for land acquisition alone should be entertained.