SME Times News Bureau | 20 Aug, 2019
Minister for Housing &
Urban Affairs Hardeep Singh Puri said that RERA has seen a resounding
Inaugurating the “Housing for all
2022: NAREDCO 15th National Convention: Real Estate Reflection
Point: Readying for the future", the Minister said that “RERA has seen
a resounding success, RERA is here to stay & has begun to show
effect. Yes, We have a few things to iron out but the regulator has come to be
accepted by stakeholders and those who felt victimised earlier.”
The event was organised by
National Real Estate Development Council (NAREDCO) here today. Present at the
event were Shri Niranjan Hiranandani, President, NAREDCO along with other
stakeholders from the sector.
NAREDCO was established
as an autonomous self-regulatory body in 1998 under the aegis of Ministry of
Housing and Urban Affairs, Govt. of India.
The Minister further added that “I am confident
that Housing For All targets will be achieved well in time. With an enhanced
target of 1.12 million Houses, We have already sanctioned 85 lakh Houses of
which construction is in progress in more than 50 Lakh Houses apart from the 27
Lakh Housed which have already been delivered”.
Speaking about the Draft Model Tenancy Act(MTA),
2019, which has been shared with
the States/UTs for seeking their views/comments the Minister said that
more than 400 responses have been received from various stakeholders.
He further added that with rental policy in
place, together with housing policy and other efforts from the ministry,
should help revive/kick start one of the most important sectors of