After the Convention of confederation of real estate developers’ association of India (CREDAI) where the Finance Minister Pranab Mukherjee urged the realty sector to be poor sensitive, it seems the affordable housing is the buzz word now. National Real Estate Development Council (NAREDCO), the apex body for real estate and housing sectors under the aegis of Ministry of Housing & Urban Poverty Alleviation, Government of India, also announced that its convention is aimed at realizing the “Housing for All” call of Prime Minister of India, Dr. Manmohan Singh.
NAREDCO is organizing its 10th National Convention and NAREDCO Realty Exhibition to address the housing requirement of urban India. The two-day convention, scheduled for January 8th & 9th, 2011 at New Delhi, will be inaugurated by Kumari Selja, Union Minister of Housing & Urban Poverty Alleviation and Tourism, Government of India. The convention will be coupled by a parallel NAREDCO Realty Exhibition with participation of leading real estate developers with projects spread across the country. The exhibition will showcase both low-cost and premium housing options to new home buyers.
“Over 360 million people live in urban India today as against 285.3 million in 2001 with the housing shortage estimated at 26.53 million units (11th Plan, 2007-12). Since economic growth is projected at 8 – 9 percent per annum in the coming 5 years and urban population expected to be 410 million by 2015, there is an urgent need to augment housing and infrastructure shortage. Housing shortage is pre-dominant in the lower income segment which is estimated at 95 percent”, said Rohtas Goel, President, NAREDCO.
“This in itself offers an opportunity for massive new housing development particularly in urban areas. The Conference aims to put across all the factors that can bring about a catalytical change in the housing scenario for all,” he added.
The highlight of the convention will be an opportunity to discuss & debate important issues with the objective of defining strategies for augmenting housing supply for low, middle & high segments of population including major issues pertaining to affordability of housing with special emphasis on housing for poor.
Other issues to be discussed will be, Promoting PPP in Rajiv Awas Yojna, Land availability and policy approach, Rental Housing – Road blocks & solution, Role of private equity and emerging options for housing, Housing finance companies – the challenge, Role of Government, Banking and Micro finance institutions in housing finance for the masses, Innovative materials and technology, Standardisation of design for low cost housing, Success stories in affordable housing, Sustainable Urban Development and Sustainable green townships.
According to Brig. (Retd.) R R Singh, Director General, NAREDCO, “The highlight of this convention is a open session on ‘Home Buyers Awareness’ in which eminent legal & financial experts and developers will address the concerns of new home buyers. In the 2 days deliberations spread over 5 sessions the high profile conference will be attended and addressed by eminent speakers from Government, Public and Private sectors, Researchers and distinguished experts from housing finance institutions and industry”.
