Real Estate will bounce back: Housing Minister

hardeepsinghpuriBy Accommodation Times bureau

Hardeep Singh Puri the Union Minister of Delhi (MoS) for Housing and Urban
Affairs said here on October 5 that as the government has brought real estate under
regulatory framework, it is likely to bounce back soon from its present state of
"The real estate sector has run into some problems for various reasons, but I have
reasons to believe that this sector will soon bounce back," Puri said at an event
organised by the ministry on the occasion of World Habitat Day.
"The government has brought real estate under a regulatory framework in the
interest of the sector," he added.
He said the Modi government had taken several initiatives to boost the housing
sector and in particular to affordable housing to meet the housing needs of the
"The government is committed to ensuring a decent living habitat for all in urban
areas and in particular for the poor and has taken various initiatives in this regard,"
he said, adding that new urban missions launched during the last three years
constituted an "integrated urban habitat model".

The minister said the new urban missions launched by the government, for
example the Pradhan Mantri Awas Yojana (Urban), are ensuring the affordable
homes to the poor and the needy while other missions, like the Atal Mission for
Rejuvenation and Urban Transformation (AMRUT), enabling the much needed
basic infrastructure for a decent habitat.
Under PMAY (Urban), the ministry had approved construction of 28,57,321
affordable homes ;so far ;for economically weaker sections and low and middle
income groups- with an investment of Rs 1,54,180 crore. Central has approved
assistance of Rs 44,278 crore for these houses, Puri added.

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