About Madhya Pradesh Housing & Infrastructure Development Board
The Madhya Pradesh Housing & Infrastructure Development Board was established as a body corporate under the Madhya
Pradesh Griha Nirman Mandal Adhiniyam, 1972 which replaced the earlier similar Act
of 1950.
Madhya Pradesh Housing & Infrastructure Development Board is one of the very few, perhaps the only, Housing Board in the
country, not to receive a single rupee as subsidy from the Government.
All its projects and programmes, including its internal cross subsidies, are arranged
for by the economics of the project itself, in consonance with what the market can
bear.
Portfolio
- Organization of Government of Madhya Pradesh,
engaged in business of development & construction of housing colony and commercial
complexes for all sections of society.
- Established with sole aim of commitment to customer satisfaction by providing houses/
plots/ commercial spaces as per specifications, delivery period & at reasonable
cost with transparent & ethical dealing with customers.
- Intellectual capital of its Personnel is the True Strength of an Organization.
- The Board's annual average contribution to the Housing Stock in undivided MP was
6000 houses and 10,000 plots.
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Market Status / Housing Activity in Urban Areas Formal Sector
Even today, as can be seen from this pie-diagram, 50% of all housing activity in
the urban formal sector is undertaken by individuals - not by builders, whether
Govt. or private. This itself shows the tremendous potential that exists for intervention.
As will be seen from the diagram, the Madhya Pradesh Housing Board is the largest
single formal builder & real estate developer in Madhya Pradesh.
The Housing Board's annual average contribution to the Housing Stock in undivided
Madhya Pradesh is 6000 houses and 10,000 plots. Since its inception in 1972, its
financial investment in the Housing & Construction sector amounts to almost
Rs.2000 Crores.
Of course, the bulk of this contribution (in numbers not financial terms) has been
for the Lower Income Group & Economically Disadvantaged sectors.
The scale activity of the Madhya Pradesh Housing & Infrastructure Development Board has risen dramatically, almost
doubling in the last four years, from less than Rs.150 Crores to about Rs.250 Crores
in the year 2000-2001.
Madhya Pradesh Housing & Infrastructure Development Board is one of the very few, perhaps the only, Housing Board
in the country, not to receive a single rupee as subsidy from the Govt. All its
projects and programmes, including its internal cross subsidies, are arranged for
by the
economics of the project itself, in consonance with what the market can bear. Despite
tremendous potential in this sector, this agency is in competition with private
builders is doing very well.
Market Potential in Madhya Pradesh
Madhya Pradesh is the very heart of India and in more than just the geographical
sense. Even after the recent formation of Chhattisgarh state, it continues to be
one of the largest states of the country.
Bhopal, its capital, Indore, Gwalior, Jabalpur - these are cities that are vibrant,
modern-growing with renewed economic activity, fast expanding consumer markets and
increasing demand for housing and urban infrastructure.
Madhya Pradesh is a state, which is conscious of good architecture and quality building
and construction activity.
Contribution of Renowned Architects
A number of renowned architects have contributed their genius to this sector in
Madhya Pradesh. Mr. Charles Correa, Mr. Anant Raje,
Mr. B.V. Dhoshi, Mr. Kanvinde and several others,
enhancing the urban landscape, and generating an even greater demand for a better
and more modern urban environment.
These are the glimpses of some of our housing projects
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This is the view of houses for Government employees at 'Shweta Complex', Shahpura,
Bhopal. |
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This is the view of terrace Housing, 'Akash Ganga', Shahpura, Bhopal. |
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This is the view of bungalow style houses, N.R.I. Colony, Kohe-fiza, Bhopal. |
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This is the view of one of our Satellite Townships - Bagh Mugalia, Bhopal. |
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