Active participation by private players in housing sector important at this time

Q: Private players can play a major role in achieving the target of "Housing for all" by 2022.

khushisha, Mumbai

22nd September 2015

Real estate News in Mumbai

affordable housing

relaxation of fdi norms

housing for all

housing for all by 2022

real estate regulation and development bill

private players in housing sector

housing and urban poverty alleviation minister

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Replies (5)

Yes, Naidu had also told at an event organised by Assocham in Delhi on 17th of September 2015, that relaxation of FDI norms in housing sector such as reducing the minimum investment from 10 million USD to 5 million USD and minimum built up area for a project from 5 lakh sq-mt to 2 lakh sq-mt.

N.Mathur, Delhi-NCR

25th September 2015

Comment

In a speech, Housing and Urban Poverty Alleviation Minister M Venkaiah Naidu told the nation that multiple innovative steps have been taken to provide affordable housing under Pradhan Mantri Awas Yojna, to poor people of urban areas and mentioned interest subsidy for low income group people and slum redevelopment plan under the housing mission of the government.

Sanchita Chanda, Ahmedabad

24th September 2015

Comment

Right Kanthibir!!!!!
It will provide a procedure for protecting consumer interest and speedy judgement of disputes. This will incourage professionalism, standardization and systematic growth of real estate sector and increase private investment in housing sector.

Dayananda, Mumbai

23rd September 2015

Comment

Right Shreya,
And slum dwellers don't need to woory. Either houses will be constructed at the same place or you will be provided housing at other place. But before that no one will be ousted from their existing houses.

Chintakpujara, Mumbai

22nd September 2015

Comment

@Chintak!!!!
Now-a-days Land Acquisition Bill has become a burnig topic for the nation. And the govt. has amended in it but opposition party has blocked it in Rajya Sabha. We all knoiw that houses, airports, railway stations or other infrastructure cannot be constructed on air. Land is a crucial and important component for construction of affordable houses. Without the availability of land how can you construct houses?

Kanthi Sridhar, Bangalore

22nd September 2015

But unfortunately some people are opposing it. Even though, they allowed acquiring of land for SEZ for commercial purpose, here they are opposing it. Mind it!!!! doing this you are opposing the development and not the government. This initiative is for regulation and not for suppression.

Shreya Agarwal, Mumbai

22nd September 2015

Even the genuine real estate players don't need to worry. Because there are some black sheep in the trade who have brought the name into the industry, there is a requirement of the Bill. And the legislation will must bring accountability and transparency in the realty sector.

Kanthi Sridhar, Bangalore

22nd September 2015

Yes, this is the right time when private players should come forward and play an active role in providing decent housing for the needy people at an affordable cost.

N.Mathur, Delhi-NCR

22nd September 2015

Comment

Absolutely a decent idea......
Investment in the sector will not only help expand the existing stock of housing units but also improve the working and living conditions of people.

At the present time, there is a lack of 18.78 million houses and close to 2.34 million homes need to be constructed every year during the next 8 yrs to address the issue.

Shreya Agarwal, Mumbai

22nd September 2015