Around 1.5 crore houses built under PM Awas Yojana : PM

Speed Post News Network

New Delhi : Prime Minister Narendra Modi on February 13, 2019, addressed the CREDAI YouthCon-2019 at Talkatora Stadium, in New Delhi. Addressing the gathering, Prime Minister said that work is progressing at a fast pace to ensure that every homeless person has a house by 2022. He said that around 1.5 crore houses has been built through PM Awas Yojana of which 15 lakh houses were built for the poor in urban areas. He added that under the present Union Government, there is transparency in the entire process. He mentioned that when a Government frames policies with the right intent, it will result in the elimination of corruption and better results.

The Prime Minister said that Real Estate Regulatory Authority (RERA) has strengthened the trust between the customers and the Real Estate Developers. He said that RERA has been notified in 28 states. More than 35,000 Real Estate Projects and 27,000 Real estate agents have registered under RERA and lakhs of flats are being built, the PM said.

Speaking about quantum jump in Ease of Doing Business rankings in the past four years, the Prime Minister said that Government is committed tos ensuring Ease of Doing Business in India. In this context, he mentioned that all Government permissions, including construction permits are being issued faster than before.

PM Modi talked about the tax reforms initiated by the Central Government to aid the housing industry and home buyers. He mentioned about the reduced GST rates for various construction items. He also spoke about the income tax benefits introduced for middle class in the recent Budget. He said that the cumulative effect of these initiatives will help the housing sector and the home buyers.
The Prime Minister complimented CREDAI for their contribution in fulfilling the dreams of ordinary citizens of owning a house. He said that the YouthCon is happening at a time when a ‘New India’ is being shaped. Earlier, the Prime Minister visited the exhibition organized by CREDAI at Talkatora Satdium.