11th National Convention on Sustainable Housing for Masses held on 7 & 8 December 2012 at Vigyan Bhawan, New Delhi.
The Two days Convention is expected to attract nearly 400 delegates from across the country. Representatives of Central and State Governments, State Development Authorities and Housing Boards besides real estate promoters, developers and builders, banking and housing finance companies, private equity players, town planners, architects, real estate consultants and other associated industries are expected to participate. The convention also offers unique opportunity for networking with various stake holders of real estate industry.
Background:
Census 2011 reveals that India's urban population increased from 285 million in 2001 to 377 million in 2011 (32 percent). The number of towns increased from 5161 to 7935 during the same period. The reason for rapid growth in urbanization is attributed to migration from rural to urban areas for jobs in manufacturing and services sectors consequent to growth post economic liberalization. With 64 percent of 1.2 billion population looking for jobs and agriculture sector having no absorption capacity, rapid industrialisation and urbanization are only natural. Some estimates suggest that India's urban population will reach a level of 600 million in next two decades.
Urban housing shortage estimated is 18.78 million with 95 percent in LIG and EWS categories. This, as per experts, may go upto 38 million by 2030 if the rate of supply remains what it is today. The reasons for abnormal housing shortage in LIG and EWS categories have been assigned to urban planning being centric to HIG and MIG categories in the past. Tenant Centric Rent Control Act has prevented development of rental housing, essentially
required for low income groups. Colonial Land Acquisition Act, spiraling land cost, archaic building bye laws, stringent licensing, project approval and banking policies have made low cost housing uneconomical for private developers and prevented low income households, especially in unorganized sector, from availing home loans.
The Governments (Central and State) have now recognized the need for urban renewal, inclusive growth and reforms in urban development policies and banking norms. It has also been recognized that Central and State Governments can't meet the challenges on their own and active participation of private sector is necessary. It has further been recognized that urban sector development has major linkages with the growth of the economy.
In the above backdrop, National Real Estate Development Council, the apex body of real estate industry, under the aegis of Ministry of Housing and Urban Poverty Alleviation, Govt. of India, has decided to make "Sustainable Housing for Masses: Introspection & Way Forward" as the main theme of its 11th National Convention and deliberate on strategies and action plans that will make affordable housing development, specially for masses, together with physical and social infrastructure possible with the participation of all stake holders.
The Two days Convention is expected to attract nearly 400 delegates from across the country. Representatives of Central and State Governments, State Development Authorities and Housing Boards besides real estate promoters, developers and builders, banking and housing finance companies, private equity players, town planners, architects, real estate consultants and other associated industries are expected to participate. The convention also offers unique opportunity for networking with various stake holders of real estate industry.
Background:
Census 2011 reveals that India's urban population increased from 285 million in 2001 to 377 million in 2011 (32 percent). The number of towns increased from 5161 to 7935 during the same period. The reason for rapid growth in urbanization is attributed to migration from rural to urban areas for jobs in manufacturing and services sectors consequent to growth post economic liberalization. With 64 percent of 1.2 billion population looking for jobs and agriculture sector having no absorption capacity, rapid industrialisation and urbanization are only natural. Some estimates suggest that India's urban population will reach a level of 600 million in next two decades.
Urban housing shortage estimated is 18.78 million with 95 percent in LIG and EWS categories. This, as per experts, may go upto 38 million by 2030 if the rate of supply remains what it is today. The reasons for abnormal housing shortage in LIG and EWS categories have been assigned to urban planning being centric to HIG and MIG categories in the past. Tenant Centric Rent Control Act has prevented development of rental housing, essentially
required for low income groups. Colonial Land Acquisition Act, spiraling land cost, archaic building bye laws, stringent licensing, project approval and banking policies have made low cost housing uneconomical for private developers and prevented low income households, especially in unorganized sector, from availing home loans.
The Governments (Central and State) have now recognized the need for urban renewal, inclusive growth and reforms in urban development policies and banking norms. It has also been recognized that Central and State Governments can't meet the challenges on their own and active participation of private sector is necessary. It has further been recognized that urban sector development has major linkages with the growth of the economy.
In the above backdrop, National Real Estate Development Council, the apex body of real estate industry, under the aegis of Ministry of Housing and Urban Poverty Alleviation, Govt. of India, has decided to make "Sustainable Housing for Masses: Introspection & Way Forward" as the main theme of its 11th National Convention and deliberate on strategies and action plans that will make affordable housing development, specially for masses, together with physical and social infrastructure possible with the participation of all stake holders.
Thanks.
ReplyDeleteIt surely helps to have good representation when looking to buy a home.