Economy

Convention on affordable housing

| Updated on: Nov 28, 2012

Aimed at giving a fillip to affordable housing in the country, NAREDCO is organising a convention to highlight the need of the sector.

The eleventh national convention on ‘Sustainable Housing for Masses’ is being organised with the support of Ministry of HUPA and Ministry of Urban Development. The two-day convention beginning December 7th will be inaugurated by President Pranab Mukherjee.

Major issues which would be discussed will include redefining old working systems, streamlining of procedures and processes, providing final shape to affordable housing policy, Real Estate Regulatory Act among others.

Urban housing shortage is estimated at 18.78 million with 95 per cent in LIG and EWS categories. This, as per experts, may go up to 38 million by 2030 if the rate of supply remains as it is today.

Published on November 28, 2012

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