Quote by Mr. Manoj Gaur, President, Credai NCR and Mr. Pradeep Jain, Chairman, Parsvnath Developers Ltd on Housing for All 2022 Union Cabinet Approval

Mr. Manoj Gaur, President, CREDAI NCR:

"This is a welcome step taken by Union Government. This decision will work as a milestone in Indian housing sector. Every stakeholder of the industry would get benefited by this step. As the Cabinet gave its approval for launch of Housing for All by 2022 with salient features such as; subsidy for beneficiary-led individual house construction, promotion of affordable housing for weaker section through credit linked subsidy, affordable housing in partnership with Public & Private sectors and rehabilitation of slum dwellers.

Thus, this decision will be a boon for affordable and weaker section of the society and bring in opportunities for developers and investors. As an apex body of the sector we intend our gratitude towards government and expect a great future ahead for the housing sector going forward."

Mr Pradeep Jain, Chairman,  Parsvnath Developers Ltd:

"We welcome this step by the Union Government. It has come at a time when the sector is expecting reforms for its revival.  It will encourage developers to focus on affordable segment and will also promote PPP model in the sector. Overall we see that now action is taking place at policy level. "