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NAREDCO Conclave – to focus on Housing for All by 2022

  • CM, several key ministers to address
  • Policies, reforms and finance issues to be discussed

INDIA, February 25, 2015: Realtors apex body NAREDCO (National Real Estate Development Council) will host a day-long conclave on March 4 in Mumbai focusing on the vexed issues of mass and affordable housing in Maharashtra. KPMG in India is the knowledge partner for the event.

Chief Minister Mr. Devendra Fadnavis will be the chief guest for the inauguration of the conclave – ‘Vision Maharashtra – Housing for All by 2022 – which will also be addressed by Ministers of Housing, Revenues, Finance, Industries, Environment & Forest and Public Works Department.

NAREDCO national president Sunil Mantri said: “We are extremely happy that the Government has taken the issue of housing very seriously and is working in the right direction.”

The conclave will address various issues in order to overcome the housing deficit in the State and strategies and action plan to augment supply of housing stock especially targeting the Economically Weaker Section (EWS) and Low Income Group (LIG) segments where the shortage is as high as 96%. Creating a sustainable frame work and mechanism to take care of mis-match between demand and supply in future will also come under sharp focus at the conclave.

Chintan Patel – Partner, Real Estate & Hospitality at KPMG in India stated, “Maharashtra — the economic and industrial powerhouse of India – is leading the nation’s urban growth. However, the state is today facing critical challenges with respect to housing especially “affordable” housing. As per our preliminary estimate, the state would require a minimum of about 50 lakh new housing units by 2022 to meet urbanisation. To achieve the vision of “Housing for All”, the Government needs to accelerate implementation of policy reforms such as ease of approval process, enhance transport and utility infrastructure, increase FSI, and develop satellite cities to augment development and rejuvenation of the existing cities (smart city), especially Mumbai.”

NAREDCO is under the aegis of the Union Ministry of Housing and Urban Poverty Alleviation.

About 600 delegates from all over the country are expected to participate in the conclave and they include representatives of the Central and State governments, State Development authorities and Housing Boards, besides real estate promoters, developers, banking and housing finance institutions, foreign direct investors, private equity players and town planners. NAREDCO vice presidentMr. Rajan Bandelkar said the topics for discussion include smart cities, affordable housing, industry hurdles and way forward, Maharashtra Housing Regulatory Act, speedy approvals, revenue, environment, and issues related to BMC, CIDCO and MMRDA.

“Our idea is to work closely with urban planners and various government agencies to overcome bottlenecks and find workable solutions to the problem of housing,” he added.

Several corporate honchos from the construction and urban infrastructure industries, urban planners, top developers, private equity firms, housing finance companies and banks will also join to share their thoughts.

us problems and opportunities face to face which would result in speedy resolution of issues. It was formed with the mandate to induce transparency and ethics in real estate business and transform the unorganized Indian real estate sector into a matured and globally competitive business sector.

The National Real Estate Development Council strives to be the collective force influencing and shaping the real estate industry. It seeks to be the leading advocate of developing standards for efficient, effective, and ethical real estate business practices, valued by all stakeholders of real estate sector and viewed by them as crucial to their success. NAREDCO works to create and sustain an environment conducive to the growth of real estate industry in India, partnering industry and government alike through advisory and consultative processes.

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