Speaking at an ASSOCHAM event, Haryana RERA member Sanjeev Kumar Arora said that the real estate sector has emerged as the largest employment provider and rapid urbanisation, smart cities, housing for all and relaxation in FDI norms will further boost the sector. will get.
The government introduced the RERA Act, 2016 with the aim of bringing transparency in the sector along with disciplined growth and sustainability solutions. Arora said around 1.25 lakh projects have been registered under RERA across India since its implementation.
Pradeep Aggarwal, Chairman, National Council on Real Estate, Housing and Urban Development, ASSOCHAM and President, Signature Global (India) said that to achieve the goal of 'Developed India' by 2047, the housing and real estate sector will be given a Needed. Continuous efforts, which will also create more employment opportunities.
Aggarwal said, "The vision is that every family will have a home and a job opportunity, as this sector is important to make India a top economy. Real estate is a Rs 24 lakh crore market, and its contribution to the GDP It is about 13.8 percent." Crowd.
To boost 'ease of living' and dignity for crores of Indians, the Cabinet has decided to further expand the Pradhan Mantri Awas Yojana (PMAY) and construct 3 crore additional rural and urban houses.
According to Prime Minister Narendra Modi, the decision "underscores the government's commitment to addressing the housing needs of our country and ensuring that every citizen can live a better quality of life". "The extension of PMAY also highlights our government's commitment towards inclusive growth and social welfare," he said.
The government introduced the RERA Act, 2016 with the aim of bringing transparency in the sector along with disciplined growth and sustainability solutions. Arora said around 1.25 lakh projects have been registered under RERA across India since its implementation.
Pradeep Aggarwal, Chairman, National Council on Real Estate, Housing and Urban Development, ASSOCHAM and President, Signature Global (India) said that to achieve the goal of 'Developed India' by 2047, the housing and real estate sector will be given a Needed. Continuous efforts, which will also create more employment opportunities.
Aggarwal said, "The vision is that every family will have a home and a job opportunity, as this sector is important to make India a top economy. Real estate is a Rs 24 lakh crore market, and its contribution to the GDP It is about 13.8 percent." Crowd.
To boost 'ease of living' and dignity for crores of Indians, the Cabinet has decided to further expand the Pradhan Mantri Awas Yojana (PMAY) and construct 3 crore additional rural and urban houses.
According to Prime Minister Narendra Modi, the decision "underscores the government's commitment to addressing the housing needs of our country and ensuring that every citizen can live a better quality of life". "The extension of PMAY also highlights our government's commitment towards inclusive growth and social welfare," he said.