NEW DELHI: D. Thara, additional secretary of the Ministry of Housing and Urban Affairson Friday asked the real estate industry to completely gear up to meet housing-related challenges for the next five years by revisiting their old practices and preparing to invest in rain harvesting and creating play spaces for children in their housing complexes. Additionally, she emphasized provisioning for cool pathways powered by solar energy.
She was speaking at the third NAREDCO Mahi Convention. Thara also urged the real estate and housing industry to be prepared for constructing affordable housing as per the envisioned practices of the new NDA government.
According to her, the political establishment and the political class of the present dispensation are so clear in their ideas that the modern bureaucracy is well-positioned to implement and execute the government’s policies, particularly for social upliftment.
The additional secretary was also of the view that investment in rain harvesting projects should be a core infrastructure plan for the private sector in housing complexes, particularly in the affordable housing sector.
G. Haribabu, president, NAREDCO regretted that the real estate sector still does not have as many women entrepreneurs as required for its potential because their participation is still about 8-10%, whereas in other professions such as medical and nursing, women’s participation reaches almost 40% of the total capacity. Therefore, the time has come for each real estate player to consider increasing the enrolment of women in the real estate sector.
