November 2015 \ Business & Investment \ Business and Governance
Housing for All

The Union Finance Minister Mr Arun Jaitley in October said that the real estate sector has huge potential for growth and hoped that the period of slow down would end soon. Delivering the key-note address at the CREDAI-BANKCON 2015 on Role of Banking and Finance in Real Estate Development in Mumbai, Mr Jaitley said the sector will be the next big mover as far as the Indian economy is concerned. The industry must survive on market economy and subsidies should not be the essence of survival, he added.

The Finance Minister said the Government was committed to housing for all – a dream project of Prime Minister Mr Narendra Modi, and would adopt positive approach. He said easier availability of land was crucial to realising the dream of affordable housing. "It is not cheaper availability of land - it is easier availability. If we complicate procedures too much, then we will be preventing people from acquiring affordable homes” he added.