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Govt Plans Financial Scheme for Contractor-Provided Construction Worker Homes
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Moneycontrol•15-10-2026, 16:29
Govt Plans Financial Scheme for Contractor-Provided Construction Worker Homes
- •Housing and Urban Affairs Minister Manohar Lal Khattar announced a new financial scheme to help contractors build temporary housing for construction workers at project sites.
- •The financial assistance will be funded using the labour cess collected by state governments, aiming to lower the overall capital expenditure for contractors.
- •The government is also considering making durability certificates mandatory for real estate and construction companies to prevent structural failures.
- •Industry leaders were urged to adopt modern technologies like pre-fab to accelerate project execution, build green buildings, and focus on all housing segments.
- •Minister of State Jitin Prasada highlighted that India's free trade agreements offer major business opportunities and invited foreign companies to partner with local MSMEs.
Key Questions Answered
Housing and Urban Affairs Minister Manohar Lal Khattar announced that the government is formulating a scheme to provide financial assistance to contractors for building temporary residences for labourers at project sites, funded through the state-collected labour cess.
The government is considering making it mandatory for real and estate construction companies to issue durability certificates for buildings to prevent issues related to structures being declared unlivable.
The government has increased the infrastructure budget to Rs 12.2 lakh crore for the 2026-2027 fiscal year, compared to a mere Rs 2 lakh crore in 2014.
