Embassy REIT raises Rs 7.5 bn through NCDs
This fund is the second one to be raised through the NCD route. September 2020
“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,” Puri affirmed. “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.” Additionally, he also shared that of the 100 smart cities announced, the Government will roll out 50 by December 2019.
It is estimated that by 2030, over 600 million people will be living in cities. This is also the timeframe within which India needs to meet the UN agenda of Sustainable Development Goals. For his part, Puri expressed his confidence that the country would abide by these well before 2030. Further, he pointed out that RERA had removed many aberrations in the real-estate sector and had been accepted as a regulator by most shareholders.