'RERA HAS BROUGHT IN SIGNIFICANT TRANSPARENCY AND ACCOUNTABILITY'

Rajan N. Bandelkar, President, NAREDCO, Founder & MD, Raunak Group talks to ASHISH SINHA of BW Businessworld about the positive changes in the real estate landscape, the increasing investment opportunity and much more. Excerpts:

- ASHISH SINHA

Can you share success stories of affordable housing projects that have improved access to housing for lower-income communities?

Certainly, there have been several successful affordable housing projects that have significantly improved access to housing for lower-income communities. Launched in 2015, the Pradhan Mantri Awas Yojana (PMAY) is a government initiative aimed at providing affordable housing to all eligible beneficiaries. The Mahila Awas Yojana in Rajasthan targets women from economically weaker sections and provides them with financial assistance to build or renovate their homes. The Sardar Patel Awas Yojana in Gujarat focuses on providing affordable housing to the urban poor. It offers subsidies and financial assistance to beneficiaries. The project has been successful in promoting homeownership among low-income families. Now the latest talk of the town is the Dharavi Redevelopment Project, Mumbai, which aims to transform the area into a well-planned urban space with improved infrastructure and housing.

What steps has the government taken to streamline regulatory processes and create a more investor-friendly environment in the real estate sector?