Govt, Realtors conclave to focus on roadmap for Housing for All ‘22 -

Govt, Realtors conclave to focus on roadmap for Housing for All ‘22

  • Union Govt support for NAREDCO National Convention at New Delhi on Sept 12 & 13
  • To discuss threadbare all issues – from policies to finance and reforms
  • Arun Jaitley, Venkaiah Naidu, several key ministers, CMs, officials and bankers to guide and plan on implementation

New Delhi, September 02, 2014:  Seeking to propel the Prime Minister Narendra Modi’s  ambitious plan to ensure Housing for All by 2022, several Union Ministers, Chief Ministers and officials will actively participate on a two-day national real estate convention to be held in the national capital from September 12, 2014, focusing on a comprehensive roadmap to give a boost to the sector.

Supported by the Ministries of Urban Development and Housing and Urban Poverty Alleviation, the event will be hosted by National Real Estate Development Council (NAREDCO).

Union Finance Minister Mr. Arun Jaitley, who gave a special emphasis on housing in his maiden budget speech, will take into consideration all the suggestions and talk about the government’s plan of action.

Apart from the Union Urban Development Minister Mr. Venkaiah Naidu, Minister of Communication and IT Mr. Ravi Shankar Prasad, Civil Aviation Minister Mr. Ashok Gajapathi Raju Transport Minister Mr. Nitin Gadkari  and Labour and Employment Minister Mr. Narendra Singh Tomar and Ministers of State Nirmala Sitharaman (Commerce and Industry), Prakash Javadekar (Environment, Forest and Climate), Gen V K Singh (Development of Northeast and External Affairs and Overseas Indians) and Sarbananda Sonowal (Skill development) will address convention.

Several Chief Ministers are also expected to participate in a conclave focusing on the States, while NAREDCO Chairman Navin Raheja and President Sunil Mantri will present the industry and home buyers’ perspective.

The topics for discussion include speedy clearances, standardization and simplification of procedures involving aviation, environment, administrative bottlenecks, land acquisition, non-agricultural conversion, affordable housing through PPP mode, legal issues, urban planning, technologies and innovation for creating new cities and issues related to SEZ and reforms.

“We will also debate on targeting housing surplus within eight years by creating 90 million dwellings units and steps to meet capital inflow of USD 2 billion for housing alone,” said Mr Mantri.

The importance of the convention can gauged by the fact that apart from key ministers handling portfolios directly connected with realty, the secretaries of important departments like housing, finance, revenue, DoD and so on will deliberate on shaping up the policies, he said.

Several corporate honchos from the construction and urban infrastructure industries, urban planners, top developers, private equity firms, housing finance companies and banks will also join to share their thoughts.

The NAREDCO convention assumes significance in view of the fact that Mr. Venkaiah Naidu has promised to discuss with all stake holders on the policy to ensure Housing For All by 2022.

The rural development ministry has envisaged an expenditure of Rs. 3.45 lakh crores to built nearly 30 million houses for the homeless by 2022 under the National Gramin Awaas Mission and this works out to  a Rs 50,000 crores-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. It is estimated to rise to 30 million units if supply remains as the current level.

NAREDCO will also present its national awards for achievers during the convention.


National Real Estate Development Council (NAREDCO) was established as an autonomous self-regulatory body in 1998 under the aegis of Ministry of Housing and Urban Poverty Alleviation, Government of India. It is in this year that the Government of India redrafted the National Housing & Habitat Policy, giving due importance to the Housing and Real Estate sector, thereby declaring housing for all citizens by the year 2010. The Indian housing and real estate sectors and the allied industries hailed the establishment of NAREDCO, as the apex national body for the real estate industry and visualized it as a single platform where Government, industry and public would discuss various problems and opportunities face to face which would result in speedy resolution of issues. It was formed with the mandate to induce transparency and ethics in real estate business and transform the unorganized Indian real estate sector into a matured and globally competitive business sector.

The National Real Estate Development Council strives to be the collective force influencing and shaping the real estate industry. It seeks to be the leading advocate of developing standards for efficient, effective, and ethical real estate business practices, valued by all stakeholders of real estate sector and viewed by them as crucial to their success. NAREDCO works to create and sustain an environment conducive to the growth of real estate industry in India, partnering industry and government alike through advisory and consultative processes.

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