Government to achieve target of Housing for All two years in advance: Hardeep Singh Puri
Real Estate

Government to achieve target of Housing for All two years in advance: Hardeep Singh Puri

Minister of State for Housing and Urban Affairs, Hardeep Singh Puri, in his address, at the National Real Estate Development Council’s (NAREDCO) 15th National Convention announced that the BJP led NDA Government’s goal of creating ‘Housing for All’ would be achieved two years in advance that is, by 2020.

The theme of the event focused on housing opportunities and was the crux of the Minister’s speech. He further emphasised that sanctions towards urban rejuvenation programmes have increased by six times than that of the previous amount of Rs 1500 billion. 

“The 2022 target of a pucca home with basic facilities in the name of the lady of every household in the country will be achieved two years in advance. To achieve this target, we need deep involvement of all stakeholders and I compliment NAREDCO for lending their support to the government to make this dream project a reality in the times to come”. Puri stated.

Additionally, he also revealed that out of the 100 Smart Cities announced, the Government will roll out 50 of those by December 2019. 

It is estimated that by 2030, more than 600 million people will be living in the cities. This is also the time frame within which India needs to meet the UN agenda of Sustainable Development Goals. However, Puri was confident that the country would abide by these well before 2030.

Touching upon the real estate sector, the Minister pointed out that RERA had removed many aberrations in the real estate sector and had been accepted as a regulator by most shareholders. 


Minister of State for Housing and Urban Affairs, Hardeep Singh Puri, in his address, at the National Real Estate Development Council’s (NAREDCO) 15th National Convention announced that the BJP led NDA Government’s goal of creating ‘Housing for All’ would be achieved two years in advance that is, by 2020.The theme of the event focused on housing opportunities and was the crux of the Minister’s speech. He further emphasised that sanctions towards urban rejuvenation programmes have increased by six times than that of the previous amount of Rs 1500 billion. “The 2022 target of a pucca home with basic facilities in the name of the lady of every household in the country will be achieved two years in advance. To achieve this target, we need deep involvement of all stakeholders and I compliment NAREDCO for lending their support to the government to make this dream project a reality in the times to come”. Puri stated.Additionally, he also revealed that out of the 100 Smart Cities announced, the Government will roll out 50 of those by December 2019. It is estimated that by 2030, more than 600 million people will be living in the cities. This is also the time frame within which India needs to meet the UN agenda of Sustainable Development Goals. However, Puri was confident that the country would abide by these well before 2030.Touching upon the real estate sector, the Minister pointed out that RERA had removed many aberrations in the real estate sector and had been accepted as a regulator by most shareholders. 

Next Story
Infrastructure Urban

Delhivery Expands Gateway Hub to Enhance Capacity

Delhivery, India's largest fully integrated logistics service provider, today announced the expansion of its Chandigarh Gateway Hub. The facility, spread across 2.35 lakh sq ft will accelerate the region’s economic growth and create thousands of direct and indirect work opportunities. It will also empower thousands of businesses in the region, enabling them with access to nationwide markets through improved inventory storage and order fulfillment capabilities."Chandigarh and its surrounding region remain a core market for us. This expansion directly addresses the needs of local businesses, e..

Next Story
Real Estate

Arihant Buys Land in Chennai IT Hub for Rs 12 Bn Housing Project

Chennai-based real estate developer Arihant Foundations & Housing has acquired a prominent 3-acre land parcel on MGR Salai, Perungudi, at the gateway to the city's rapidly growing IT corridor along Old Mahabalipuram Road (OMR). The company plans to develop a premium residential project on the site, with a proposed built-up area of 0.7 million square feet and an estimated Gross Development Value (GDV) of Rs 12 billion.The project is currently awaiting final regulatory approvals before its official launch. Arihant is expected to announce the construction timeline in the coming months.Located..

Next Story
Infrastructure Urban

Uravi Defence Acquires Stake in UK’s Spafax to Boost Global Reach

Uravi Defence & Technology, one of the leading manufacturer and supplier of incandescent and wedge-based automotive lamps, is pleased to announce the company has plan to acquire 100 per cent equity stake in SPAFAX International, a reputed UK based company through its holding company known for its high-performance Automotive Defence solutions. The proposed investment has been executed through Bharat Technology, a wholly owned subsidiary of Uravi Defence & Technology. Looking ahead, Uravi intends to gradually increase its ownership in SPAFAX through a phased acquisition strategy. The pla..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?