Govt. to set up formal unit to reach out to stakeholders in Housing: Hardeep Singh Puri, MoS, Housing and Urban Affairs

17 October, 2017

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The government plans to set up a mechanism to seek feedback from industry and other stakeholders as it seeks to quicken the pace of construction of affordable houses and achieve the goal of Housing for All by 2022.

“A formal unit will soon be set up in our ministry to reach out to all stakeholders, especially the private sector,” Hardeep Singh Puri, Minister of State for Housing and Urban Affairs on Wednesday while addressing an Assocham event.

Under the scheme, the Centre has envisaged constructing 2 crore houses in urban areas by 2022.

Puri called upon all stakeholders to come forward and step up their participation in the affordable housing scheme so that it could become successful.

The minister said, “If the target of Housing for All by 2022 has to be achieved, it will require effort by all stakeholders, especially the private sector.”

Outlining a strategy to get apprehensive slum dwellers on board for the affordable housing scheme, he suggested that land value can be counted towards payment for construction of houses by dwellers.

“The cost of land in slums can be used to pay for construction of land, which will be a win-win situation for both builders and slum dwellers,” Puri said.

The minister also said that his ministry was encouraging states on modernisation and digitisation of land records.

Emphasising the significance of RERA, a flagship initiative of the Centre to reform the real estate sector, he said that the act has brought fence-sitters to the market. He, however, lamented that states have undermined the Centre’s effort by tweaking the legislation for their use.

A panel discussion was also held as part of the “National Summit: Housing for All” that saw participants share their concerns and suggestions relating to the implementation of the affordable housing scheme.

The discussion was moderated by Prabhakar Sinha, Editor-Real Estate, Time of India.