The meeting also discussed how the benefits of the interest subsidy on affordable housing could reach the prospective home buyers at the earliest, informed sources said.
The real estate developers were represented by two apex bodies, CREDAI and NAREDCO. Tata Housing officials also attended the meeting.
The real estate sector representatives flagged difficulties they face in launching projects in smaller cities because of the specifications under Prime Minister Awas Yojana scheme and wanted some relaxation on that front.
Union Minister M.Venkaiah Naidu had urged real estate developers last months to take up affordable housing projects in a big way while stressing that therein lies the future of the real estate sector.
Naidu had said that his ministry would soon convene a Round Table with real estate bodies and representatives of banks, housing financing companies and others concerned to deliberate on the road ahead for promoting affordable housing so that the target of ensuring Housing for All by 2022 would be met.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.