The Ministry of Housing and Urban Affairs Urges Real Estate Sector to Gear Up for Affordable Housing
Additional Secretary of the Ministry of Housing and Urban Affairs, D. Thara, has urged the real estate industry to prepare for constructing affordable housing as per the envisioned practices of the new NDA Government led by Prime Minister Modi.
Real EstateHousingNaredcoAffordable HousingMinistry Of Housing And Urban AffairsReal Estate NewsJun 14, 2024
Thara also urged the real estate and housing industry to be prepared for constructing affordable housing as per the envisioned practices of the new NDA Government led by Prime Minister Modi. According to her, the political establishment and the political class of the present dispensation are clear in their ideas, and the modern bureaucracy is well-positioned to implement and execute the government's policies, particularly for social upliftment.
In future housing projects, the real estate sector would need to create walkable spaces and provision for parks, school-ways, and pathways powered by solar energy. Additionally, builders would need to incorporate ample rain harvesting and water resource management within the project site, rather than depending on water supplies from neighboring locations. The Government would be satisfied and well-contented if its policies are well-implemented through a partnership spirit with the private sector since the current political class is very clear about its vision for the next five years.
The real estate sector has been urged to create walkable spaces and provision for parks, school-ways, and pathways powered by solar energy. The Government has cleared 3 crore housing units for the next five years, of which 2 crores would be built in rural areas, while the remaining 1 crore would be constructed in urban areas. This would give a new direction to the real estate sector for its all-around transformation.
Investment in rain harvesting projects should be a core infrastructure plan for the private sector in housing complexes, particularly in the affordable housing sector. Basic amenities such as plenty of space for children's parks and safe walkways would be essential to counter the challenges of obesity, as present housing complexes hardly provide any space for walks, resulting in rising obesity among children living in such complexes.
NAREDCO (National Real Estate Development Council) is a leading real estate organization in India that aims to promote the real estate sector and provide a platform for its stakeholders to come together and address the challenges facing the industry.
Frequently Asked Questions
What is the Government's vision for the next five years in the real estate sector?
The Government has cleared 3 crore housing units for the next five years, of which 2 crores would be built in rural areas, while the remaining 1 crore would be constructed in urban areas.
What are the key challenges facing the real estate sector in constructing affordable housing?
The real estate sector needs to create walkable spaces and provision for parks, school-ways, and pathways powered by solar energy, and incorporate ample rain harvesting and water resource management within the project site.
What is the role of NAREDCO in promoting the real estate sector?
NAREDCO is a leading real estate organization in India that aims to promote the real estate sector and provide a platform for its stakeholders to come together and address the challenges facing the industry.
What is the importance of rain harvesting projects in affordable housing?
Investment in rain harvesting projects should be a core infrastructure plan for the private sector in housing complexes, particularly in the affordable housing sector, to counter the challenges of obesity and provide basic amenities.
What is the goal of the new NDA Government in the real estate sector?
The goal of the new NDA Government is to make India a third-largest economy in the next few years, and the real estate sector is expected to play a key role in achieving this goal.
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