Canada offers to partner India in 'housing for all'
Canada's expertise in wood-based housing technology, including in multi-storied construction, could help India meet its ambitious housing targets
Oct 16, 2014
Source : The Economic Times
Housing Projects


NEW DELHI: Canada today expressed interest in participating in India's ambitious programmes of 'Housing for All' and building 100 'smart cities' and offered its technology in this regard.

The offer was made by visiting Canadian Minister of International Trade Ed Fast during his meeting with Urban Development and Housing and Urban Poverty Alleviation Minister Venkaiah Naidu here.

Referring to the proposed scheme of 'housing for all, Ed Fast highlighted Canada's expertise in wood-based housing technology, including in multi-storied construction, which India can consider to meet its ambitious housing targets.

Life span of such houses is about 60 years and is amenable for renewal, he told Naidu.

Prime Minister Narendra Modi has highlighted his government's intent to have housing for all by 2022.

In pursuance of this, a Sardar Patel Urban Housing Mission will be launched soon to construct houses through public-private partnership, interest subsidy and increased flow of resources to housing sector.

The housing shortage in India is estimated at 19 million units. Out of this, about 95.6 per cent is estimated to be from economically weaker sections and low-income group households.

The Canadian Minister also made inquiries about other new initiatives in urban sector including building of 100 Smart Cities and infrastructure development in urban areas of the country, said a senior Urban Develpment Ministry official.

He sought to know the clear timelines for execution of these schemes and specific areas requiring technologies and investments, the official added.

Ed Fast said his country is keen to partner India in an appropriate manner in building smart cities.

Offering technology for waste water recycling, Ed Fast said that three of Canada's cities - Toronto, Vancouver and Calgary - figure among the top 10 smart cities of the world.

Venkaiah Naidu gave a detailed account of various initiatives and suggested cooperation in respect of affordable housing, waste water recycling, sanitation and public transport infrastructure in urban areas and building smart cities.

The visiting minister also noted that Canada is impressed by the "new found sense of purpose and vigor" in India under the leadership of Prime Minister Narendra Modi and his country is keen to cooperate with New Delhi in all possible ways, a statement of the Ministry said.

Naidu directed the Secretaries of his two ministries to examine Canada's offers for firming up areas of cooperation before the meeting of Prime Minister with his Canadian counterpart during the forthcoming G-20 Summit.

Latest Realty News

UP govt to tighten noose of land mafias and fraudsters
Oct 16, 2014
To identify and end land frauds in GB Nagar, district administration has kicked off drive to identify such land
Guidance value to shoot up by 20-30% from November
Oct 16, 2014
Planning to buy a plot or flat? Hurry up, for the Karnataka government is set to increase guidance values by 20-30% from November
BDA to Hire Pvt Firm to Process Building Plans
Oct 16, 2014
Getting a building plan approved in the Capital is set to get simplified with the Bhubaneswar Development Authority (BDA) deciding to hire a private firm to deal with the applications
Realty body APREA seeks greater tax clarity for REITs, InvITs
Oct 16, 2014
Real estate industry body APREA has sought greater clarity on taxation issues for the newly created investment vehicles REITs and InvITs
DDA Housing Scheme Closes; 7.5 Lakh Applications Received
Oct 16, 2014
The DDA has received a total of 7.5 lakh applications for it flagship 'Housing Scheme 2014',
Committee searches for encroached plots
Oct 16, 2014
Six squads under the newly formed Central Enforcement Monitoring Committee have identified 55 encroached government plots in and around the city within two weeks
Office space: Polar Star Realty Trust files for a $100 million IPO
Oct 16, 2014
Polar Star Realty Trust, a REIT formed to own office and industrial property in Norway and Sweden, filed with the SEC to raise up to $100 million in an initial public offering
Centre reduces green zone, hope for Okhla home buyers
Oct 16, 2014
In a partial relief to about 30,000 home buyers, the environment ministry has issued a draft notification earmarking 100 metres to 1.27 km from the Okhla Bird Sanctuary as an eco-sensitive zone
Crude at 47-month low, good news for economy
Oct 16, 2014
Global crude oil prices fell to a four-year low of $84 a barrel
DLF, India's most indebted realty firm, faces tough choices after fund-raising ban
Oct 15, 2014
DLF Limited will be forced to sell assets, even unfinished projects, to meet debt obligations, say bankers

Latest Realty News Of State

Realty Talk's