Affordable housing scheme gets reviewed by PMO

Officials from the Prime Minister???s Office (PMO), in an effort to meet the objectives of the government???s Housing for All initiative by 2022, conducted a meeting with representatives of private developers to review the impact of the affordable housing schemes.

In the meeting, the PMO discussed challenges faced by developers while launching and executing such housing projects.

???Land prices and approval processes were key issues raised at this meeting aimed at assessing progress made so far. The government is keen to see more affordable housing projects and is looking to extend support in streamlining the processes, which are possibly proving to be hindrances,??? said one of the officials during the meeting.

The meeting was attended by representatives of industry bodies National Real Estate Development Council (NAREDCO), The Confederation of Real Estate Developers??? Associations of India (CREDAI), and MCHI-CREDAI aside from officials of the National Housing Bank.

As per the official, the meeting also deliberated on models on which affordable projects can be developed to ensure incentivising and encouraging realty developers for such mass housing schemes.

Source : Urbannewsdigest