2nd March, 2019 1 - By - Durga Shanker Mishra

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2nd March, 2019 1 - By - Durga Shanker Mishra Secretary Ministry of Housing Urban Affairs Govt. of India, New Delhi Regulatory Reforms Opportunities in Indian Housing Sector Honble Prime Ministers Vision 2 In our country, only what

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01
2nd March, 2019 1 - By -
Durga Shanker Mishra
Secretary
Ministry of Housing & Urban Affairs
Govt. of India, New Delhi Regulatory Reforms & Opportunities in Indian Housing Sector<br>
02
Hon’ble Prime Minister’s Vision 2 “In our country, only what is talked about is seen as reform. If it isn't talked about, it isn't seen as reform. It shows our ignorance. My mantra is reform to transform, and I say in my Government - Reform, Perform and Transform.”
- Prime Minster of India<br>
03
Growing Opportunities with Rapid Urbanization With US $2.85 trillion GDP, India is one of the largest and fastest growing economies in the world. It is witnessing massive public investment, robust private consumption, and structural reforms leading to rapid growth (> 7%).

Construction in India is emerging as the third largest sector globally; it may reach US $750 billion in value by 2022.

Cities, which will contribute over 80% to GDP by 2050, need to be Receptive, Innovative and Productive to foster sustainable growth and ensure better quality of living.

Hence, a comprehensive strategy of 3-S Mantra has been adopted: Skill, Scale and Speed. 3 Source: UN report on World Urbanisation Prospects (2014 revision)<br>