NATIONAL REAL ESTATE DEVELOPMENT COUNCIL (NAREDCO)’s Post

Transforming India's Housing Landscape: NAREDCO's Vision In a recent presentation at the 16th NAREDCO National Convention, the call for a "#RentalHousingPolicy" reminiscent of successful models in developed nations, coupled with "National and State Master Plans," takes center stage. This strategic approach aims to foster the growth of India's construction sector, providing housing solutions for those unable to build their own homes. Emphasizing comprehensive planning, the need for All #IndiaMasterPlans and All #IndiaStatePlans is highlighted to catalyze the development of #GreenFieldCities. This aligns with India's ambitious goal to become a 30 Trillion Dollar Economy by 2047, addressing challenges posed by urbanization and migration from rural areas. The discussion on a rental housing policy echoes the success observed in other nations, where a significant portion of the population opts for such accommodations. The economic and prudent benefits of adopting a similar model in India, especially for those who cannot afford their own homes, are stressed. The proposed Rental Housing Policy could involve collaboration with Centre and State Governments, as well as various financial institutions, including the RBI. In addition to advocating for a rental housing policy, #NAREDCO underscores the pivotal role of reducing interest rates for housing projects. The plea to lower interest rates from 8 to 9 percent to 6 and 6.5 percent aligns with the goal of stimulating housing activities, contributing to the vision of robust growth set by the current government. As India stands at the cusp of economic transformation, NAREDCO's recommendations envision a holistic approach to housing and construction, ensuring inclusivity and sustainability for the nation's burgeoning urban landscape. #RealEstate #HousingPolicy #ConstructionGrowth #NAREDCOInsights #NAREDCO #NAREDCO16thNatCon #FutureOfRealEstate #NAREDCOInnovates #RealEstate #NAREDCONatCon2024 Hardeep Singh Puri l Praveen Jain l Dr. NIRANJAN HIRANANDANI l Rajan Bandelkar l Gaurav Jain l Anil K Suri l Harsh Vardhan Bansal l Bharat Agarwal l Kashi Nath Shukla l Kishore Bhatija l Jyoti Prakash Gadia l Suresh D. Patel l Praveen Jain l Jay Morzaria l Dr. Ananta Singh Raghuvanshi l Ashok Patni l Manoj Joshi l NAREDCO West l NAREDCO Maharashtra l Naredco Karnataka l NAREDCO Haryana l Naredco - Pune Chapter l Knest Aluform l Fujitec India Pvt Ltd l Everest Industries Limited l RICS l GEM ASSOCHAM l Institute of Indian Interior Designers (IIID) l Indian Plumbing Association l PHD Chamber of Commerce and Industry l KPMG India l Alliance for Inclusion and Accessibility l K Raheja Corp l CII - Indian Green Building Council (IGBC) l Gujarat Guardian Limited l Ganga Realty l Birla Pivot l Hiranandani Group l

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