After
the grand success of the Bangalore and Mumbai gala events, the Realty Plus
Conclave and Excellence Awards 2013 (North), organised by Realty Plus - the leading real estate monthly published by
exchange4media Group - received an overwhelming response as a large number of
developers, architects, industry professional & other luminaries gathered to witness the
much-awaited event of real estate industry, held at The Leela Kempinski,
Gurgaon on Friday, May 24, 2013.
Day-
long Conclave..!
The
conclave was kick-started with a welcome address by Mr. Annurag Batra, Chairman
and Editor-in-Chief, exchange4media Group, requesting the chief guest of the
occasion, Mr. Mohammed Adeeb, member of Rajya Sabha, to enlighten the gathering
with his perceptive observations. The senior parliamentarian expressed his
concerns on the lack of progress on the front of affordable housing. “The way
the housing prices are going up, it has become very difficult for the common
man to fulfil his dream of owning even a small dwelling for his family,” he
told.
Mass
Housing - Taking Concrete Steps..!
Mr.
Mohammed Adeeb also criticised the government for its failure in providing land
at concessional rates for mass housing.
“Even DDA, which was formed with a vision to acquire lands to provide
decent living to the poor as well as the middle class, has also not been able
to fulfil its mission, and instead has resorted to auction of public land” he
also added.
Speaking
on the significance of Realty Plus Conclave and Excellence Awards, Mr. Mohammed
Adeeb said that it is heartening that the developers, who are doing a good work
and following the best practices, are being recognised on such platforms.
The
first plenary session, Mass Housing - Taking Concrete Steps, emphasised
on issues like gap in concept &
delivery for affordable housing, role of technology in boosting
affordable housing, taking stock of the PPP model for developing affordable
housing.
The
eminent panelists included Mr. Amit Mavi, MD, BOP Group; Mr. Anshuman Magazine,
CMD, (South Asia), CBRE; Mr. Om Chaudhary, CEO, Fire Capital; Mr. P S Rana,
former chairman, HUDCO; Mr. Sanjeev
Srivastva, MD, Assotech Limited and Mr.
Vineet Gupta, Director, Ajnara India Limited.
While
moderating the session, Mr. Anshuman
Magazine said, “One of the major challenges is to get these houses created on
those prices which are actually affordable.”
“The
biggest hurdle in keeping mass housing projects in affordable range is delays
in getting approvals. It is since, the time wasted in getting approvals
automatically pushes the prices of the projects to escalate,” said Mr. Sanjeev Srivastva.
Mr. Amit Mavi said, “Prices of the Affordable
Houses should not cross Rs. 20 lakh in any urban area. But the real challenge
is that the developers are finding it hard to create houses within this range
and even housing loans are not easily available to low income people. We should
find out innovative ways of creating affordable houses.”
Mr. Vineet Gupta said, “Lack of land in micro
cities, coupled with tedious land acquisition process and the ever growing
demand for this segment have raised the prices of houses over the years. Sadly,
prices are rising beyond government’s control.”
Channelise
Black Money in Real Estate..!
Mr. Om Chaudhary said, “Incentives for the
developers creating affordable housing, availability of land, shorter approval
process are the need of the hour.”
Mr.
P.S. Rana stressed on the need to encourage rental housing by making rental
income tax-free, besides finding ways to channelise black money in real estate
sector.
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