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Huge investments promised for affordable housing

Huge investments in real estate sector in the state committed by leading players might just boost up the sector in the coming years, especially for offering affordable housing projects.
The recently concluded Happening Haryana Global Investors Summit proved be a boon for the state government and the real estate sector.At the investor meet, the government signed MoUs worth `5,84,000 crore.Apart from other sectors, the real estate sector too, had its share in the kitty and promised huge investments in near future. The move is expected to provide the much-needed boost for the sector.

While maximum focus has been on creating affordable housing in the state, there have also been proposals to create SEZs and Smart Cities. Big players like DLF, Supertech, M3M, DMIC and many others will be making huge investments in infrastructural projects in the days to come. Supertech is said to be making an investment of `5,706 crore in the state for creating affordable housing projects. DLF is likely to invest `22,808 crore, DMICDC `12,5000 crore, Wanda Group `60,000 crore, Indiabulls of `25,000 crore and M3M Group to pump in `45,365 crore in the state.

A leading developer said, “We are extremely happy to be a part of this development programme of Haryana that has a lot of potential in terms of infrastructure and industrial development and has become a hub for affordable housing and infrastructural facility after the launch of affordable housing scheme by the government of Haryana. Following the government of India’s vision of `Housing For All by 2022′, we are developing projects worth `5,706 crore, which will further boost the economy of the state.“

ROUTE TO GROWTH

Government signed MoUs worth `5,84,000 crore. Apart from other sectors, real estate sector too, had its share in the kitty and promised huge invest ments in the years to come

While maximum focus has been on creating affordable housing in the state, there have also been proposals to create SEZs and Smart Cities

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