Union Minister for Housing & Urban Poverty Alleviation Girija Vyas has stated that the government will continue to play a pioneering role in providing policy stimulus to real estate sector. She was delivering her key note address on the theme of 'Reality Favours the Brave –Surviving Against All Odds' at the 13th National Convention of of Confederation of Real Estate Developers’ Associations of India (CREDAI) at Moscow on July 27. She exhorted the realty sector to come forward to supplement the Government’s efforts.
She called upon the stakeholders to come forward and participate through capital and technology for up-gradation and creation of affordable stock and helping the government build an inclusive India. Referring to the huge requirement of investment , Vyas said the investment required for up-gradation and creation of new affordable housing stock as envisaged by various schemes and programmes of the Government of India would be huge.
Highlighting the major initiatives of the Ministry of Housing & Urban Poverty Alleviation for providing affordable housing for urban poor , Vyas said the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) is one of the flagship schemes, which was a fast track reform driven investment programme aimed at creating economically productive, efficient, equitable, responsive and inclusive cities.