Housing For All: PMO Discusses Ways To Involve Real Estate Developers

Sun, 09 Apr 2017 15:17 IST

The real estate sector representatives flagged difficulties they face in launching projects in smaller cities because of the specifications under Prime Minister Awas Yojana.

Housing For All: PMO Discusses Ways To Involve Real Estate Developers
Housing-for-all by 2022 is among the PM Modi's ambitious projects

Prime Minister's Principal Secretary Nripendra Misra on Saturday chaired a meet to discuss ways to involve private real estate developers in the government's ambitious 'Housing-for-all by 2022' scheme.

The meeting also discussed how the benefits of the interest subsidy on affordable housing could reach the prospective home buyers at the earliest, informed sources said.

The real estate developers were represented by two apex bodies, CREDAI and NAREDCO. Tata Housing officials also attended the meeting.

The real estate sector representatives flagged difficulties they face in launching projects in smaller cities because of the specifications under Prime Minister Awas Yojana scheme and wanted some relaxation on that front.

Union Minister M Venkaiah Naidu had urged real estate developers last months to take up affordable housing projects in a big way while stressing that therein lies the future of the real estate sector.

Naidu had said that his ministry would soon convene a Round Table with real estate bodies and representatives of banks, housing financing companies and others concerned to deliberate on the road ahead for promoting affordable housing so that the target of ensuring Housing for All by 2022 would be met.