MUMBAI: Minister of State for Health and Medical Education, Housing and Urban Development, Asiea Naqash represented J&K at Real Estate and Infrastructure Investors’ Summit 2017 at Mumbai.
The summit is organized by Ministry of Urban Development, Housing & Urban Poverty Alleviation, Government of India to attract private equities and foreign investments from across the globe.
The conclave was also attended by Union Minister of Finance, Arun Jaitley, Chairman, NITI Aayog, Amitabh Kant, Secretary, Department of Revenue, Union Ministry of Finance, Hasmukh Adhia, RBI, Governor, Urjit Patel, Secretary, Department of Financial Services, Ministry of Finance, GoI, Anjuly Chib Dugal and other concerned officials.
The focus of the conclave was primarily on funding in Real Estate, Private Equity, Real Estate Investment Trust (REIT’s) and Infrastructure Investment Trusts (InvITs).
Some of the key discussions at the summit focused on Affordable Housing Funding, Implications of RERA from an Investor’s point of View, GST in Real Estate Sector, etc.
Reforms implemented to attract more funds to real estate and infrastructure sector from across the globe, were also a part of discussion during this conclave.
Other issues and schemes which were deliberated upon included drug prevention, senior citizens schemes under Rashtriya Vayushri Yojna, and Post Matric scholarships, and Babu Jagjiwan Ram Chatrawas Yojna (hostel for boys and girls).
The summit was informed about promoting housing and real estate development which has contributed substantially in bringing the Real Estate Regulatory Bill, affordable Housing policy of Government of India and various other reforms in the real estate sector.
Discussing Senior Citizen Scheme under Rashtriya Vayushri Yojna in J&K, the Union Government selected two districts Srinagar and Udhampur for assessment and
