Housing Project Current Affairs - 2019

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MoU signed between Indian Army and Tata Realty

In order to provide quality housing to army personnel, a historic milestone was reached with the signing of a memorandum of understanding (MoU) between Indian Army and Tata Realty & Housing.

Key Highlights of MoU

It enables Indian Army’s personnel to immediately take over dwelling units in 13 ‘Ready to Move in’ projects of Tata Realty pan India spread in more than 10 cities such as Pune, Chennai, Bengaluru, Gurugram among others. These housing units are available at a discount ranging from 11% to 27%.

This MoU signals a new era for Army Welfare Housing Organization (AWHO), which has always endeavored to provide quality housing for personnel in Indian Army who are deployed in remote locations across country.

AWHO will now facilitate acquisition of homes from reputed private builders at discounted rather than building them for soldiers.

About Army Welfare Housing Organisation (AWHO)

It is a society formed in December 1978 with objective of constructing structurally sound, economically viable and functionally efficient dwelling units for serving or retired Army personnel and their widows in selected stations throughout India.

It comes under Indian Societies Registration Act XXI of 1860.

Function:  To construct houses for desirous serving or retired members of Army and their widows on ‘NO PROFIT NO LOSS’ basis in selected popular stations.

Ex-officio chairman of AWHO: Adjutant-General of Indian Army (the senior administration officer who reports to Chief of Army Staff). AWHO’s board of governors is entirely constituted of senior army officers. The Adjutant-General of the Indian Army is also the Colonel of Corps of Military Police.

India, Sri Lanka ink MoU for housing project deal in Hambantota

Sri Lanka has signed Memorandum of Understanding (MoU) with India to build 1,200 houses in strategically located southern port city of Hambantota. Of the 1,200 houses to be built, 600 will be constructed in Southern Province, while remaining will be built across Sri Lanka, through one model village in each of country’s 25 districts.

Background

Hambantota port is located right in middle of vital energy supply lines in Indian Ocean, connecting Middle East and East Asia. In recent times, coastal city of Hambantota had gained strategic significance after Sri Lankan government had decided to build massive deep-sea port and airport with huge Chinese loans.

In July 2017, Sri Lankan government had signed US $1.1 billion deal to sell 70% stake of strategic Hambantota deep-sea port to China to service outstanding $8-billion debt it owes China. The deal had fanned concerns of countries with competing strategic interests with China, particularly India and US. Local residents of Hambantota are also protesting selling of “national assets to foreign entities” leading to violent clashes.

Significance

The signing of MoU in Hambantota assumes significance as it takes India’s housing project to Sinhala-majority Southern Province.  Earlier India had constructed as many as 46,000 homes in Tamil-majority north and east, and 4,000 houses are being built in hill country in Central and Uva provinces, where several thousand Sri Lankans of recent Indian origin live and work. India also is taking steps to protect itself in Indian Ocean by allying itself with US and Japan in a bid to counter growing Chinese influence in IOR.