Chief Ministers' Conclave on Housing on Sep 12
We will debate on targeting housing deficit within eight years by creating 90 million dwelling units and steps to meet capital inflow of $2 billion for housing alone," said Sunil Mantri, president of National Real Estate Developers Council
Sep 04, 2014
Source : The New Indian Express
National Real Estate Developers' Council


NEW DELHI: A special comclave of chief ministers is to be held in the national capital Sep 12 to push the agenda of housing for all by 2022, said the National Real Estate Developers' Council (NAREDCO) here.

According to the realtors' organisation, the event is being supported by the urban development and housing and urban poverty alleviation ministries. The conclave will discuss the realty industry perspective from the Centre and states. 

"We will debate on targeting housing deficit within eight years by creating 90 million dwelling units and steps to meet capital inflow of $2 billion for housing alone," said Sunil Mantri, president of NAREDCO.

Housing is a state subject and the Centre is expected to lay down guidelines.

The participants in the event will discuss various issues that include policy reforms, easing finance, land parcels for mass housing, and speedy approvals.

The convention assumes significance as recently Urban Development Minister Venkaiah Naidu said that he will hold discussions with all stakeholders on the policy to implement the NDA's (National Democratic Alliance) election promise - 'Housing For All by 2022'.

Meanwhile, the rural development ministry has envisaged an expenditure of Rs.3.45 lakh crore on building nearly 30 million houses for the homeless by 2022 under the National Gramin Awaas Mission and this works out to a Rs.50,000 crore-a-year programme.

According to the technical group on urban housing shortage, the housing deficit in the country is estimated at 18.78 million units at the beginning of 12th Plan period. 

It is estimated to rise to 30 million units if supply remains as the current level.

Latest Realty News

Luxury homes in Pune beat affordable ones in demand
Sep 04, 2014
The city's high-end residential segment has shown a smart 39% rise in capital value in the 2011-14 period — the highest any market has shown in the country, a report by real estate advisory company Cushman & Wakefield has said
Finally, Chavan okays 2.5 FSI for old buildings in city
Sep 04, 2014
The residents of old and dilapidated buildings have reason to cheer. Chief minister Prithviraj Chavan has given his nod to the long-pending demand for 2.5 FSI on Tuesday, ensuring faster redevelopment of these buildings, constructed by City and Industrial Development Corporation (Cidco)
134 licences issued to builders in three months before polls
Sep 04, 2014
With the model code of conduct set to kick in anytime, the Haryana state government seems to be in a hurry to issue licences to builders
Govt to compensate evicted slum folk
Sep 04, 2014
The state government will provide Rs 2,000 compensation a month to slum dwellers, who will be evicted to make way for houses to be constructed under Rajiv Awas Yojana (RAY). These houses will be handed over to them
Over 45,000 acres forest land for capital?
Sep 04, 2014
In some good news for Chandrababu Naidu, the Andhra Pradesh government has been told by its revenue department that more than 45,000 acres of degraded forest land, largely encroached by locals and small industrial units, are available in the surroundings of Vijayawada for building the new capital
Narayana Murthy invests in realty, Azim Premji to follow suit
Sep 04, 2014
Property has always been a major investment avenue of the rich. Now, some of the people one would expect to focus on enterprising ventures are also looking at rent-yielding property
Law dept to review KIIT land allotment
Sep 04, 2014
The state law department will examine the issue of allotment of 14 acres of land to city based Kalinga Institute of Industrial Technology (KIIT)
Idco step to cancel land leases draws flak from industry bodies
Sep 04, 2014
The decision of the Odisha Industrial Infrastructure Development Corporation (Idco) to cancel the lease deeds of the land lying idle in industrial estates has drawn flak from the industry bodies the state
Jhajjar township: Reliance Ventures, IL&FS part ways
Sep 04, 2014
Reliance Industries Ltd (RIL) on Wednesday announced an end to the strategic partnership between Reliance Ventures Ltd (RVL), RIL's wholly owned subsidiary, and Infrastructure Leasing and Financial Services Ltd (IL&FS) to co-promote the model economic township (MET) project in Jhajjar, Haryana
Haryana HC cancels DLF's 350-acre, Rs 1,750 cr land allotment
Sep 04, 2014
The Punjab and Haryana High Court on Wednesday set aside the Haryana government’s decision to allot 350 acres of land in Wazirabad, Gurgaon, to the country’s largest real estate developer DLF in 2010

Latest Realty News Of State

Realty Talk's