CREDAI to discuss the importance of housing sector in GDP with policy makers

Housing is one of the basic needs of every individual as besides providing shelter and security, it also enables easy access to the credit market by working as collateral comfort / security. The urban population of India has been growing at a rapid pace. As per the Census 2011, 31.16 per cent of the total population is in the urban areas. The shortage of housing units for the urban areas for 2012 is estimated at 18.78 million units. With time, there has been expansion and improvement in the housing finance market by way of various financial reforms; however the housing loans as a percentage of GDP have remained at around 7 percent, significantly lower than the levels achieved in most of the developed countries. The major policy concern with respect to housing as well as housing finance market is the mismatch between the demand and supply of housing units and the financial solutions available for the same. On the demand side factors like growing middle class, income levels of the people, cyclical condition and urbanization, and on the supply side factors like the lack of availability of land, finance at reasonable rate, infrastructure, legal and regulatory framework and the limitations of the private and other stakeholders to provide low income housing play a major role. Also “Affordable Housing” has serious implications for the country's housing sector as the wide gap between the demand and availability of housing units can be narrowed down only by way of affordable housing. The same requires appropriate funding models within a regulatory framework and pro active participation of all stake holders so as to improve the availability as well as the quality of housing in India.

CREDAI- Confederation of Real Estate Developers’ Associations of India the first and only apex body of the real estate industry will discuss the agenda in India’s biggest conclave of real estate Industry – CREDAI Conclave 2013 under the theme – Housing the real game changer in the presence of eminent dignitaries from Govt. of India, eminent corporate personalities and senior policy makers. The conclave will also highlight the perspectives by international investors, developers and thought leaders.

The conclave will examine case studies on impact of real estate on GDP of a major emerging market economy. At the same time, Conclave will present young India’s vision for an urbanized India who holds the most important share in the economic growth though participation and employment opportunities. Bridging the great urbanization divide Conclave will connect on the Concerns of tire II and tire III Indian cities and will raise the issues of those developers who are equally important in overall growth of the sector and the democracy.

CREDAI Conclave 2013 to be held on 13^th and 14^th December, 2013 at JW Marriott, Aerocity, New Delhi. Follow the link below to register now.

http://www.credai.org/