ISO 9001:2015 Certified
closex Call Us 11-23320714, 23721504, ficci@ficci.com

 Upcoming Event
to forge a partnership on Technology Commercialization Initiative, FICCI-AMITY and IC2 Institute University

'No lack of land or fund for affordable housing projects' 

DNA , Mar 17, 2018

Union minister Hardeep Singh Puri asked the real estate players to come up with bankable projects' for affordable housing as there was no shortage of land or funds in the country.

Addressing a conference on Pradhan Mantri Awas Yojana (Urban) Housing for All by 2022' organised by industry body FICCI here, he said there has been a criminal neglect of urban planning for the 67 years which has led to current problems in urban sector.

"It is important to acknowledge when urban planning goes wrong and in India, the urban planning has not just gone wrong, there has been criminal neglect of urban planning for 67 years," the housing and urban affairs minister said, blaming the previous governments, primarily the Congress.

Asking the builders to invest in affordable housing sector in a big way, the minister said, "I don't think there is any shortage of land in India. There is no shortage of funds as well. If you come (real estate players) up with a good bankable project, you can raise the money inside the country and you can do so outside the country."

He also discarded the notion that people would be provided accommodation at far flung places from the main city where they live in slums and said the government wanted good houses to be built at the slum location itself.

Highlighting the government's achievements, he said Delhi has crossed 250 km of metro network and was on the way of having the fourth largest metro system in the world.

"India will have 700 km of metro network soon, he said, adding "I don't get excited because China has 600-700 km every year. But we will get there also."

"One of the lessons, I have learnt.....is that democracy has two other defining features one is whole concept and practice of victimhood and the other is populism," the minister said.

 

 

Also Read

Pradhan Mantri Awas Yojana (Urban) on track: MoS for Housing & Urban Affairs

No shortage of land or funds for affordable housing projects: Hardeep Singh Puri     

No Shortage Of Land Or Funds For Affordable Housing Projects: Puri     

National Rental Policy likely to be out soon, consultations going on: Hardeep Puri     

National rental policy likely to be out soon, consultations on: Minister     

National Rental Policy likely to be out soon: Hardeep Puri     

No shortage of land or funds for affordable housing projects: Hardeep Puri     

There has been a criminal neglect of urban planning for 67 years: Housing Minister     

On affordable housing, Centre has good news for you     

Private developers should come up with 'bankable' affordable housing projects: Hardeep Singh Puri     

National Rental Policy likely to be out soon, consultations going on: Hardeep Puri     

Need dedicated approval window for affordable housing: Report     

Event:

 Pradhan Mantri Awas Yojana (Urban) - Housing for All by 2022