Skill Upgradation Key for Housing for All Success: Housing Ministry
~~Centre keen on decentralization of power to state govt. for effective execution~~
~~RICS to work with the govt. for training and skill development~~
August 20, 2015 New Delhi: In a move that could further pave the way for smooth implementation of NDA government’s most ambitious ‘Housing For All’ scheme, the Centre has proposed to decentralize the programme by empowering every state government in the planning and decision making process.
“Empowering states is the key to the success of Housing For All”, said Mr. Rajiv Ranjan Mishra, Joint Secretary, Ministry for Housing and Urban Poverty Alleviation at Real Estate Conference titled ‘Stepping Up The Game’ organized by Royal Institution of Chartered Surveyors (RICS), leading global body for setting standards in real estate on Thursday.
Among other measures, the government is also set to introduce global standards for building and construction process and facilitate easier documentation and approval procedures for projects falling under ‘Housing For All.”
“There is huge mismatch of housing demand and supply in India. At this point, India is looking at building homes under affordable housing to cater to this demand. We believe the government along with the private sector should follow international best practices for construction of these houses under the scheme to maintain good construction quality and ensure timely completion of such projects. The government's move to increase availably of homes at affordable price points will save our cities from harboring slums,” Mr. Sachin Sandhir, Global MD, Emerging Business, RICS said.
The Housing Ministry is likely to hold a meeting with the Environment Ministry next week to discuss ways to expedite clearances to housing projects falling under this scheme.
“Skill upgradation will play a key role and government along with private sector will work to train and upgrade skills in real estate and construction sector,” Mr. Mishra added.
The Union cabinet has set aside Rs 48,000 crore for developing 100 smart cities across 21 districts over the next five years. As part of this initiative, the cabinet has also set aside Rs 50,000 crore for rejuvenation of 500 cities under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT).
The government has also initiated preliminary talks with the Indian Banking Association (IBA) for setting new guidelines for the projects, upon meeting, which the loan disbursals would come through easily.
“Providing low cost financing and fast disbursals of fund for completion of the scheme will play one of the key roles in timely execution of the project. Also easier access to External Commercial Borrowings (ECB) will also open up a window of cheaper credit. Moreover, use of qualified professionals could be made one of the criteria for rating agencies in rating projects which may lead to cheaper debt,” Ms. Devina Ghildial, Managing Director, RICS, South Asia said.
RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards – bringing confidence to the markets we serve. We accredit 118,000 professionals and any individual or firm registered with RICS is subject to our quality assurance. With offices covering the major political and financial centres of the world, our market presence means we are ideally placed to influence policy and embed professional standards. We work at a cross-governmental level, delivering international standards that will support a safe and vibrant marketplace in land, real estate, construction and infrastructure, for the benefit of all.