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 13th and 14th December, 2013 at JW Marriott, Aerocity,
New Delhi. Follow the link below to register now.