Circle rate cuts have not improved Gurgaon’s market | real-estate | Hindustan Times
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Circle rate cuts have not improved Gurgaon’s market

real estate Updated: Jul 30, 2016 18:40 IST
Isha Sahni

(from left) Naredco members, Anil Suri, GC member; Parveen Jain, president; Rajeev Talwar, chairman; Gaurav Jain, GC member, and RR Singh, DG, unveiling the two-day convention logo.

The state of infrastructure in Gurgaon - roads, electricity and water supply has had a major impact on the real estate sector. Slashing of circle rates have also not helped boost property sales, members of National Real Estate Development Council (Naredco) say.

The real estate body said that non-clarity on duties to be paid was confusing for homebuyers and hampered the overall development of Gurgaon.

“There are a number of empty houses in Gurgaon not due to any discrepancy on the builders’ front. The city is lacking basic infrastructure and that is the government’s responsibility. We, as builders and residents, have written to the chief minister of the state and other bodies so that the developmental work is done,” says Praveen Jain, president, Naredco.

The body also highlighted the issue of strict financing by banks and said they should change their outlook towards builders. Naredco has also demanded a change in the density and floor-area ratio (FAR) norms to increase housing supply.

To discuss such issues and evolve ways and means to help the government achieve its target of Housing for All by 2022, the 13th National Convention and Exhibition, organised by Naredco, will be held for two days on August 19 and 20 in New Delhi.

As per a few demographic trends, with more than one crore population getting added to urban areas every year, India’s urban population is expected to touch 81 crore by 2050. Housing, a basic need for human beings, will play an important role in accelerating urban growth in India.Within urban housing, there will be more demand for affordable housing. The Central government has already realised this issue and is targeting six crore houses – two crore in urban areas and four crore in rural areas by 2022, to provide housing to all by 2022,” says Rajeev Talwar, chairman, Naredco.