National Real Estate Development Council (NAREDCO) today organized a day-long National Conference on Public Private Partnership in Housing. The Conference was inaugurated and addressed by Kumari Selja, the Minister for Housing & Urban Poverty Alleviation, Government of India. The objective of the National Conference was to evolve innovative, transparent and hassle free Public Private Partnership models which could bring synergy between public & private sector in tackling the housing requirement of urban India, especially the urban poor.
The main highlight of the National Conference were the domestic experiences of PPP in housing and some of the relevant international best practices that NAREDCO presented as key highlights of a strategic report it has developed in association with its knowledge partner, Knight Frank, the international property consultants.
According to Mr. Rohtas Goel, President, NAREDCO, “In developing India, we are faced with the problems of slums and squatters as our cities do not have the required infrastructure and shelter to accommodate growing migration of the people to urban areas. As per Govt. own estimates, there is a shortage of more than 25 million houses mostly in Low Income Group Category. This shortage is growing despite best efforts by the Government and the private sector. This huge shortage require more than Rs. 4,00,000 crore of investment. Problem of this magnitude can not be handled either by Government or by Private Sector independently. Public-Private Partnership (PPP) is right approach to address this problem. This conference has made an earnest attempt to bring all stake holders on one platform and deliberate upon the issues, concerns and opportunities to reduce widening gap between housing demand and supply and to make housing affordable to all”
“We firmly believe that right models of PPP in housing shall work as panacea for addressing the shortfall in urban India especially for the sections deprived. We have had very constructive discussions today and we shall incorporate the major observations, learning and ideas generated at the National Conference into the strategic report before presenting to the Government. This indeed was a truly interactive public private platform and we are buoyed the phenomenal response and acceptance it has received,” said Brig. (Retd.) R.R. Singh, Director General, NAREDCO.
Case studies on and learning from Bengal Ambuja Housing Development; West Bengal Housing Infrastructure Development Corporation Ltd. (WB HIDCO) and Shapoorji Pallonji alliance for New Town, Rajarhat, Kolkata; Awas Bandhu, a committee formed by the Uttar Pradesh Housing & Urban Planning Department; Dharavi Slum Rehabilitation; Andhra Pradesh Bhawan; Emmar MGF Commonwealth Games Village; Yamuna Expressway Project; and DDA Tehkhand, a slum re-development project were presented by eminent speakers. International best practices of United States, Canada, United Kingdom, South Africa and France were also shared amidst the audience at the Conference.
The first session, besides the models for PPP in housing, also deliberated on the housing scenario in the country; the demand and supply dynamics; perspective of the stakeholders including that of the customers, developers and public sector; the need for Public Private Partnership (PPP) in housing; various central & state government initiatives and guidelines for affordable housing; salient features of PPP in housing, strengths and weaknesses of PPP, degree of maturity of PPP, project risk management; guidelines and scope of coverage; and various approaches to PPP in housing which include the virtual land approach, slum rehabilitation approach, subsidy / cross-subsidy approach, rental housing approach, land redevelopment approach, partnership or equity sharing approach and facilitation approach.
The second and concluding session dealt with issues of land supply, financing mechanism and use of new materials and technologies such that housing can be made as affordable as possible.
Based on the learning of the domestic experiences of PPP in housing and the relevant international best practices, NAREDCO in the concluding session of the National Conference presented the recommended models for PPP in housing – the Brownfield model of PPP for redevelopment and rehabilitation and the Greenfield model of PPP for development of unused land.
The Conference saw participation from senior officers and representatives of Ministry of Housing & Urban Poverty Alleviation, Planning Commission; United Nation Habitat; Housing and Urban Development Corporation Ltd. (HUDCO); Building Material and Technology Promotion Council (BMTPC); state governments; development authorities; housing boards; and local bodies besides the leading private sector developers from across the country.
About NAREDCO
National Real Estate Development Council (NAREDCO) is the apex national body representing interest of all stakeholders engaged in various fields of real estate development. Self-regulation of industry and ethics in real estate business are the main objectives of NAREDCO. NAREDCO’s mission interalia includes promotion of real estate industry, improvement in the confidence level of lenders, investors and consumers and elimination of unscrupulous operators. NAREDCO believes that grading/rating of real estate developers and projects by accredited credit rating agencies, improvement in corporate governance of developers and capacity building in the industry through training and certification are essential for the transparency and growth. Hon’ble Minister of Housing and Urban Poverty Alleviation, Govt. of India, is the Chief Patron of NAREDCO and it has representation from Government, public and private sector developers, promoters, housing finance institutions and other stake holders of real estate sector.
