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President of India, Shri Pranab Mukherjee with Shri Ajay Maken, Minister for Housing and Urban Poverty Alleviation inaugurated two day Naredco's convention on Sustainable Housing for Masses'
December 7, 2012

New Delhi, President of India Shri Pranab Mukerjee on Friday inaugurated the two day convention on Sustainable Housing For Masses organised by National Real Estate Development Council.(NAREDCO). This is the first time any President addressed realtors and experts of the industry. HE was hopeful that this convention will help to devise new strategies to meet demand of housing in the country

In his speech, the President said that &ldquourbanisation is now unstoppable&rdquo. In search of opportunities and employment people are migrating to cities in large number. India&rsquos urban population is expected to reach very high in the coming time. There is shortage of 18.7 million houses in the country out of which majority for poor. He said that 25 percent of India&rsquos urban population lives in slum and unauthorised colonies. Mr Mukerjee added that his Govt. has taken many steps to resolve problems including Jawahar Lal Nehru Urban Renewal Mission (JNNURM) and Rajiv Awas Yojna (RAY). He said that the Govt. is encouraging Private builders to make affordable houses for the masses, and the developers should take advantage of various incentives offered by the Govt. to help in meet the acute demand of houses for LIG and EWS in the country .He was of the opinion that housing in the real estate sector is the key of prosperity of the country and should be given all kinds of support.

Mr. Ajay Maken, Minister of Housing & Urban Poverty Alleviation said that, &ldquoendeavour of his ministry would be of bringing housing sector into the list of priority sector. Mr. Maken talked in length about the pace of urbanisation and shortage of housing. He said that there is a shortage of 18.78 million houses and the number will increase rapidly. He requested all sectors associated with housing to come together to solve this problem. Mr. Maken talked about the Urban Housing policy and told that the goal was to improve the housing facilities in the country. He said that India is capable of unleashing waves of housing schemes. He also hoped that some innovative ideas will emerge from this conclave.

Mr. Navin Raheja, President, Naredco, while welcoming the guests said that real estate sector is the second largest employment generator but it is not scene with respect. He said we must change our mind sets. Mr. Raheja added that there should be some policy to give this sector due respect. Govt. has not done much in this regard and because of this there are slums and unauthorised colonies in every city. Mr. Raheja was critical of the fact that 52 types of clearance are required to clear a project and takes upto four years to get everything done, increasing the cost of housing.

He also cited examples of delay by the environment ministries all over the country. He said that projects must be cleared online as this process will be easier and transparent.

Among the eminent speakers were, Mrs. Isher Judge Ahluwalia, Chairperson, ICRIER, Susheel Kumar, Joint Secretary, MOHUPA, Mr. Sanjeev Das Gupta, President, real estate ICICI venture funds, Mr. G S Sandhi, IAS, Principal Secretary, Deptt. Of UDH & LSG, Rajasthan. Mr. Akhil Bansal, CEO, KPMG, Ashok Solaman, Chairman, Chintels India Limited, Justice S N Dhingra, member CCI.

Mrs. Ahluwalia underlined the need of giving due importance to real estate sector. She said that this sector is being seen as a driver of growth worldwide. She was of the view that the housing market in the country is distorted.

FROM LEFT TO RIGHT: Brig. R. R. Singh, Director General, Naredco Shri Ajay Maken, Minister for Housing and Urban Poverty Alleviation Shri Pranab Mukherjee, President of India Navin Raheja, CMD, Raheja Developers Limited Shri Sunil Mantri, CMD, Mantri Realty   LEFT TO RIGHT: Shri Ajay Maken, Minister for housing and urban poverty alliviation lighting the lamp with Shri Pranab Mukherjee, President of India and Mr. Navin M Raheja, President, Naredco & CMD, Raheja Developers Limited


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