Home National PMO discusses ways to involve private real estate developers in govt’s projects

PMO discusses ways to involve private real estate developers in govt’s projects

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Prime Minister’s Office today discussed ways to involve private real estate developers in the government’s ambitious ‘Housing-for-all by 2022’ programme at a meeting in New Delhi.

Sources said, the meeting called by the Prime Minister’s Principal Secretary Nripendra Misra discussed how the benefits of the interest subsidy on affordable housing could reach the prospective home buyers at the earliest.

The deliberations centred around undertaking the projects in the private public partnership mode to boost the supply of low-cost houses.

The meeting came amid the thrust given by the government to the implementation of the Prime Minister’s Awaas Yojana (PMAY), as part of Mr Narendra Modi’s ambition of providing housing for all by 2022, when the country celebrates its 75 years of independence.

The real estate developers were represented by two apex bodies CREDAI and NAREDCO. Tata Housing officials also attended the meeting.

The real estate sector representatives flagged difficulties they face in launching projects in smaller cities because of the specifications under PMAY scheme and wanted some relaxation on that front.

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