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, is organizing its 10th National Convention and NAREDCO Realty Exhibition to address the housing requirement of urban India. The convention is aimed at realizing the “Housing for All” call of Hon’ble Prime Minister of India, Dr. Manmohan Singh.
The two-day convention, scheduled for Saturday and Sunday, January 8th & 9th, 2011 at The Ashok, Chanakyapuri, New Delhi, will be inaugurated by Kumari Selja, Honorable 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. 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 catalytically change in the housing scenario for all,” said Mr. Rohtas Goel, President, NAREDCO.
In the wake of scarcity for low cost housing in the country, the highlight of the convention will be an opportunity to discuss & debate important issues at the highest level 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, Standardization of design for low cost housing, Success stories in affordable housing, Sustainable Urban Development and Sustainable green townships.