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