Ra­jasthan Realty Con­clave Fo­cuses on RERA, Af­ford­able Hous­ing and Fi­nanc­ing

FICCI Business Digest - - States -

FICCI Ra­jasthan State Coun­cil in as­so­ci­a­tion with the Depart­ment of Ur­ban De­vel­op­ment & Hous­ing, Gov­ern­ment of Ra­jasthan, had or­gan­ised the Ra­jasthan Realty Con­clave in Jaipur on 10 Au­gust 2018, which fo­cused on dis­cus­sions on RERA, af­ford­able hous­ing and fi­nanc­ing.

The Chief Guest, DB Gupta, Chief Sec­re­tary, Gov­ern­ment of Ra­jasthan, urged the real es­tate play­ers not to feel de­jected by the var­i­ous reg­u­la­tory mea­sures as these will ul­ti­mately ben­e­fit the sec­tor. Smart com­pa­nies would adapt and re­model their plan­ning, ex­e­cu­tion and de­liv­ery of projects and oth­ers would per­ish. Ra­jasthan was a pre­cur­sor in mak­ing the Af­ford­able Hous­ing pol­icy, but the results were not very en­cour­ag­ing. Now, there is a three­p­ronged ap­proach to ad­dress the chal­lenge and the state now fig­ures among top 10 states in the coun­try. He said that the gov­ern­ment is de­ter­mined to pro­vide houses to the peo­ple in the state in line of the gov­ern­ment’s vi­sion of Hous­ing for All by 2022.

Pawan Ku­mar Goyal, Ad­di­tional Chief Sec­re­tary – UDH & LSG, Gov­ern­ment of Ra­jasthan, men­tioned that pro­grammes like Prad­han Mantri Awas Yo­jana, Hous­ing for All, Atal Mis­sion for Re­ju­ve­na­tion and Ur­ban Trans­for­ma­tion, Smart Cities Mis­sion, Real Es­tate (Reg­u­la­tion and De­vel­op­ment) Act (RERA) have ci­ti­zen fo­cus and RERA would in­duce trans­parency in the sys­tem and safe­guard the in­ter­ests of the con­sumers.

FICCI-GT Re­port on One Year of RERA was also re­leased dur­ing the in­au­gu­ralal ses­sion.

DB Gupta, Chief Sec­re­tary, Gov­ern­ment of Ra­jasthan, ad­dress­ing the con­clave.

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