Modi government's 5-year vision revealed, this is how the dream of 1 crore houses will be fulfilled

In the last nine years, the government has built 90 lakh affordable houses, which is ten times the number of houses built in the previous decade. The vision of the Modi government is to build 1 crore new houses in the next 5 years. Let us understand how this dream will be fulfilled.

How will the Modi government's dream of building 1 crore houses in the next 5 years come true. Full details about this have come to the fore. Kuldeep Narayan, Joint Secretary and Mission Director in the Ministry of Housing and Urban Affairs, has said that the government's goal is to build one crore houses in five years. Addressing a conference held in Abu Dhabi, Narayan said that in the last nine years we have built 90 lakh affordable houses, which is ten times the number of houses built in the previous decade. Our next goal is to build one crore houses in five years.

This is the complete plan of the government

The National Real Estate Development Council (NAREDCO), the apex body of real estate companies, gave this information in a statement. NAREDCO had organized this conference to strengthen relations between India and the United Arab Emirates (UAE). According to the statement, Narayan said in his address that given the rapid urbanization taking place in India, more efforts are needed in this direction. Our economic growth rate is estimated to be seven to eight percent on average in the next 20 years. Along with this, development of new cities and innovative urban planning is important for infrastructure.

Ministry gave information

Narayan said that we need to adopt the best practices from countries like UAE so that we can create an eco-friendly, inclusive and future-ready urban environment. In this conference organized in collaboration with the Ministry of Housing and Urban Affairs, NAREDCO President G. Hari Babu said that today India and UAE are the best friends in the world. Representatives from 21 states of India participated in this conference and we are going back with important lessons in sustainable urban development. The journey of India's housing sector started from basic houses and has now reached affordable, sustainable and luxury housing.

5 trillion economy will be created

NAREDCO Chairman Dr. Niranjan Hiranandani said that currently the real estate sector contributes seven percent to India's gross domestic product (GDP). According to NITI Aayog, with India becoming a $ 5,000 billion economy, the contribution of this sector can reach 15 percent. This growth has a positive impact on employment, investment and 270 supporting industries.

He said that strengthening partnership with UAE will promote innovation and accelerate sustainable development. This conference was organized during the four-day study tour of NAREDCO. More than 350 participants, 35 representatives of the Government of India, industry and UAE representatives participated in the conference.