Prime Minister Narendra Modi on Wednesday addressed a real estate conference organized by the real estate body CREDAI in the national capital. This event of CREDAI YouthCon-19 was held at Talkatora Stadium.
This event is the annual Youth Conclave of CREDAI, arranged to make the future of the real estate Industry in India. A Credai statement stated that the CYW (CREDAI Youth Wing) was begun to bring the next generation of real estate builders and developers together and nurture them to become better professionals.
It is two decades to the establishment of CREDAI which has over 10,000 members under its organization.
While addressing the crowd PM, said that his government has attempted to make the real estate sector more transparent and responsible, and for that, he has taken various steps in the last four year. Also, said that the industry should now work towards gaining the trust of aspirational customers.
Speaking at the event, PM stated that steps like demonetization proclaimed in this year’s budget are endeavored at improving the sector. The real estate and construction sector creates employment in various sectors like cement, steel, and other related jobs, therefore, it is one center of job creation. Further, he stated that the sector is so vital; still, the builders and the industry did not get the due respect that they deserve. He asked the reason behind while urging them to choose honest and transparent ways of business affairs.
“… Yaani aap rozgaar ki ek ecosystem ko aap catalysation ka kaam karte hain … aap log batayiye jitni izzat honi chahiye, utni hai kya? kyun chup ho gaye? kyun aisa hua? kaun zimmevaar hai? main aaj bhi maanta hun aur aapki bhaagidari aise logon se hai ki koi aap par haath daalta nahi hai, aapko sudharne ke liye kehta nahi hai, aur isi logon ne aapko barabaad kiya hai, (You act as a catalyst for job creation. Do you get the kind of respect that you should get? Why did it happen, who is responsible? Nobody asked you to get your act together and these people spoiled you).”
Further PM Modi stated that the government is encouraging the industry in every way but requires it to run its activities transparently as well as honestly, giving timely delivery of flats to aspirants.
Several acts like the Benami Act, Enactment of The Real Estate (Regulation and Development) Act, and demonetization are all likely to bring transparency and relaxation in the real estate sector.
“Notebandi ka jo faisla tha uska bahut bada laabh real estate ko yeh hua ki jo galat paise se, brashtachaar ki kamayi se yahaan phalne fulne ka soch rahe the unke liye raste band ho gaye, ab wahi log is sector mein aage badh payenge jo munafe (se imaan) ko upar rakhte hain (Demonetisation has been highly beneficial to real estate industry. Only honest players will be able to survive now).”
He again reminded about the proposals in the interim budget and said those would surely help the industry tremendously. It will leave more incomes in people’s hands and will inspire them to buy the second house.
Further, in the speech, he announced that as compared to previous governments, the flats being built under Pradhan Mantri Aawas Yojana are of much better quality and also being built with greater speed and scale.
He continued saying,
“Pradhan Mantri Awaas Yojana aur pehle ki yojanaon mein sabse bada antar toh niyat ka hai. Yeh yojana aisi hai jisme kisi ke naam ko amar karne ki koshish nahi hai, sikka maarne ki koshish nahi hai, jo bhi pradhan mantri banega, chalta rahega…kisi naamdaar ki publicity ke liye yeh yojana nahi hai. Jab aap kisi yojana se naam ka ya swarth ka bhaav nikaal dete hain, toh aapki niti spasht ho jati hai aur isliye isme corruption ka, apne paraye ka, mera tera ka, yeh saara bhaav khatam ho jata hai.”
Not only PM but Finance Minister Piyush Goyal, Vice-President M Venkaiah Naidu, and Housing and Urban Affairs Minister Hardeep Singh Puri are also listed to address the two-day event.
Watch PM Modi Addressing the #CREDAIYouthCon2019
— Narendra Modi (@narendramodi) February 13, 2019