Housing for all: PMO discusses ways to involve private real estate developers in Narendra Modi’s ambitious scheme

Ways to involve private real estate developers in the government’s ambitious ‘Housing-for- all by 2022’ programme was today discussed at a meeting in the Prime Minister’s Office with focus on removing the “bottlenecks”.

PM Narendra Modi, in his national address on New Year’s eve, had also said 33 per cent more homes will be built for the poor under this scheme in rural areas. (PTI)

Ways to involve private real estate developers in the government’s ambitious ‘Housing-for- all by 2022’ programme was today discussed at a meeting in the Prime Minister’s Office with focus on removing the “bottlenecks”. The meeting called by the Prime Minister’s Principal Secretary Nripendra Misra discussed how the benefits of the interest subsidy on affordable housing could reach the prospective home buyers at the earliest, sources said.

The deliberations centred around undertaking the projects in the PPP mode to boost the supply of low-cost houses, they added.

The two-hour-long meeting came amid the thrust given by the government to the implementation of the Prime Minister’s Awaas Yojana (PMAY), as part of Narendra Modi’s ambition of providing housing for all by 2022, when the country celebrates its 75 years of independence.

The real estate developers were represented by two apex bodies CREDAI and NAREDCO. Tata Housing officials also attended the meeting.

The real estate sector representatives flagged difficulties they face in launching projects in smaller cities because of the specifications under PMAY scheme and wanted some relaxation on that front, the sources said.

source”pcworld”