📷 Image: Wikimedia Commons / Muhammed sadiq.v.a
Business
Cabinet approves bill to let housing boards form joint ventures with private firms
✍️ timesofindia.indiatimes.com
🗓 01 Sep 2026, 12:38 PM
👁 18
The Union Cabinet has approved a new bill that permits state housing boards to enter joint ventures with private sector partners, aiming to accelerate affordable‑housing construction.
The Union Cabinet gave its nod to a legislation that allows state housing boards to partner with private developers through joint ventures, a move announced by the Ministry of Housing and Urban Affairs.
The bill outlines a framework for forming such partnerships, detailing profit‑sharing, risk allocation and regulatory oversight to ensure transparency and accountability.
Officials said the measure is designed to mobilise private capital, reduce project delays and help meet the government's target of constructing millions of affordable homes under the "Housing for All" initiative.
If implemented as planned, the joint‑venture model could boost housing supply, generate employment in the construction sector and provide a replicable template for other public‑sector entities seeking private collaboration.
The bill outlines a framework for forming such partnerships, detailing profit‑sharing, risk allocation and regulatory oversight to ensure transparency and accountability.
Officials said the measure is designed to mobilise private capital, reduce project delays and help meet the government's target of constructing millions of affordable homes under the "Housing for All" initiative.
If implemented as planned, the joint‑venture model could boost housing supply, generate employment in the construction sector and provide a replicable template for other public‑sector entities seeking private collaboration.