Urban housing deficit more than 18 million: Vennkaiah Naidu
The government is evolving comprehensive strategies towards achieving the objective of "Housing for All" by 2022
Nov 07, 2014
Source : Indiatvnews.com
M Venkaiah Naidu


New Delhi: India has been assessed to have a deficit of about 18.78 million housing units in urban areas, and more than 95 per cent of the same pertain to economically weaker sections and low income groups of the society, Urban Development Minister Vennkaiah Naidu said.

In this scenario, the government is evolving comprehensive strategies towards achieving the objective of "Housing for All" by 2022, through active and beneficial involvement of a variety of stake holders including public-private participation and improving governance of housing delivery, the minister said yesterday.

Naidu was addressing the Plenary Session of Asia Pacific Ministerial Conference of Housing and Urban Development (APMCHUD) in Seoul.

Commending the Seoul Declaration, Naidu appealed to all Member Nations to adopt 5E policy - Education, Employment, Entertainment, Economic Upliftment and Equal Opportunities - to make the lives of people comfortable.

Quoting him, an official statement released here said he added that India has one of the largest urban systems in the world.

"Though accommodating slightly less than one third of the total population, the urban centres in India contribute a substantial part of the Gross Domestic Product already with 63 per cent in 2007 and the same is expected to increase to 75 per cent in 2021. By 2050, half of the Indian population will be living in urban areas and the Government of India is fully seized of the imperative of urban up-liftment through improving quality of public transport, providing drainage, sanitation, waste management, water recycling and wi-fi facilities for public and commercial areas," he said.

Naidu stressed that there is a commitment to adopt modern scientific methods of town and country planning practices based on Geographical Information System (GIS) in urban development.

Extension of metro services to important and major urban centres, development of twin cities and creating infrastructure in satellite cities are other priority areas to promote sustainable and integrated development of urban settlement system, he said.

It is in this context, the government is according top most priority to set up 100 new smart and safe cities in the country, he said adding that this entire effort would be "people centric" and pro-active urban reforms, planning and management as well as citizens' participation would be the hall mark of this strategy.

Latest Realty News

Unitech group firm sells six realty projects for Rs 1,850 cr
Nov 06, 2014
Gurgaon: Unitech Corporate Parks (UCP), the London listed Unitech group firm, said that the company had completed a deal to sell its stakes in six IT-SEZ projects in India
Home sales plummet 25% in September quarter: Liases Foras
Nov 06, 2014
NEW DELHI: Home sales across top six cities in the country saw a quarter-on-quarter drop of 25% in the September quarter
Land rights for Bangladeshi migrants in Chhattisgarh
Nov 06, 2014
Raipur: Chhattisgarh government has granted permanent patta (land deed) of 99 years to the 134 families who had migrated to India in mid sixties
Absence of Master Plan mars Bihar Realty Sector
Nov 06, 2014
Patna: Bihar Government’s lackadaisical attitude towards formulation of a Master Plan for last 40 years has taken a toll on the state’s real estate sector
‘Policy problems plague realty sector in Bihar’
Nov 06, 2014
Patna: A few black sheep are tarnishing the entire clan, says Builders' Association of India (BAI), Bihar chapter, chairman Sachin Chandra
India's Piramal plans $2 bln bet on property sector revival
Nov 06, 2014
Mumbai: India's Piramal Enterprises Ltd plans to invest $2 billion in real estate projects over the next two years, betting that a revival in the economy
Japanese co to build houses in India in JV; to invest Rs 6k cr
Nov 06, 2014
New Delhi: In the first Japanese entry into the Indian property market, Tama Home announced construction of 12-18 projects at an investment of Rs 6,000 crore
Ponzi scam: CBI arrests 2 Odisha businessmen
Nov 06, 2014
Bhubaneswar: CBI arrested two businessmen associated with real estate for their alleged links with Artha Tatwa (AT) group
Record 815m sq ft of flats unsold in 6 cities
Nov 06, 2014
MUMBAI: The stagnant property market has led to the highest ever unsold stock of 815 million sq ft of residential space across six cities at the end of the September quarter this year
Sebi-DLF case: SAT allows realty major to redeem Rs 1,806 crore worth mutual funds
Nov 05, 2014
MUMBAI: In an interim relief against Sebi order, realty giant DLF was today allowed by the Securities Appellate Tribunal to redeem mutual funds worth Rs 1,806 crore till next month

Latest Realty News Of State

Realty Talk's