In order to provide housing for all, the ministry wants to attract private investment in a big way. It has got about Rs 4000 crore in the current fiscal.
With the aim of facilitating construction of houses in a proper way, it is bringing about a bill for regulation of the real estate sector keeping the consumers interest in mind.
The Real Estate (Regulation and Development) Bill, crucial for construction of affordable housing, is likely to be taken up for consideration in the next Budget Session of Parliament.
Naidu has emphasised that the bill, while seeking to promote housing activities, should aim at harmonising the concerns of consumers and real estate developers, rather than introducing strangulation in the name of regulation.
