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The recent Cabinet reshuffle and the appointment of Narendra Singh Tomar to lead the Ministry of Housing and Urban Affairs is seen as a welcome move by industry veterans. Real estate industry body Naredco has hailed the appointed of Tomar to lead the Ministry of Housing and Urban Affairs.
The Ministry of Housing and Urban Affairs has asked the National Housing Bank (NHB), HUDCO and public-sector banks to more proactively promote the Credit-Linked Subsidy Scheme (CLSS) of the Prime Minister Awaas Yojana (PMAY) (Urban) to meet the target of Housing For All by 2022.
The Ministry of Housing and Urban Affairs has asked the National Housing Bank (NHB), HUDCO and public-sector banks to more proactively promote the Credit-Linked Subsidy Scheme (CLSS) of the Pradhan Mantri Awas Yojana (PMAY) (Urban) to meet the target of Housing For All by 2022.
Narendra Singh Tomar has been given the additional charge of the Ministry of Housing and Urban Affairs. He has held portfolios of mines, steel, labour and employment, Panchayati Raj, and drinking water and sanitation, besides rural development.
Hardeep Singh Puri, Union Minister of State, Independent Charge, Ministry of Housing and Urban Affairs, has upped the ante for the Smart City mission by announcing nine more cities to be developed under the government's initiative.
Almost three years after the announcement of the government's ambitious Smart City mission, only around 5 per cent of the total projects have been completed along with a mere 1.4 per cent of the investment amounted to Rs 135,958 crore.
NBCC (India), the Navratna CPSE under Ministry of Housing and Urban Affairs, has added yet another aspect to its expanding business by diversifying into the road construction space.
The Smart Cities mission is central to the overall strategy to accommodate the massive urbanisation that is expected in the future. The government’s mission to develop smart cities opens up massive opportunities for contribution from various organisations, thinkers, technology providers, etc.
In September 2017, Niranjan Hiranandani, Chairman & Managing Director, Hiranandani Group, was elected the National President of the National Real Estate Development Council (NAREDCO). Under the aegis of the Ministry of Housing and Urban Affairs, NAREDCO works with the government to achieve its 'Housing for All' objective.
In order to meet its massive urban demand, India will have to build 700-900 mn sq m every year till 2030, reportedly mentioned Union Minister Hardeep Singh Puri.
