Go vertical to build homes for the poor, MP to realtors

Go vertical to build homes for the poor, MP to realtors

Rajya Sabha member Syed Naseer Hussain on Wednesday asked builders to go vertical to build affordable homes for underprivileged sections of society in the city. 

Speaking at the National Association of Realtors-India's 10th annual convention, he suggested that the NAR submit a plan of affordable housing to the state government. 

"We, in the government, should make sure that both the real estate and underprivileged communities benefit. Perhaps, we should adopt the foreign methods where tall buildings are constructed so as to accommodate a large number of people by utilising less space but without compromising with quality," he said. 

He promised that the state government would extend all cooperation to any businessman facing any legitimate problem anywhere in Karnataka. 

Farook Mahmood, vice chairman, NAR-India, said the Indian real estate sector was set to grow at 30% over the next decade. "Bengaluru will soon turn the most favoured property investment destination for NRIs. It is important that developers create a happy city, one that creates a favourable environment for residence and employment to ensure that the return on investments, as well as the demand, remains constant," he added.