Smart & Tech-savvy: Nitin Gadkari spins a new perspective for real estate development
Real estate has been grappling with various challenges including high cost of finance and rising input costs. At the installation ceremony of the National Real Estate Development Council (NAREDCO) Vidarbha Chapter in Nagpur on 24 September, Union Minister Nitin Gadkari offered simple solutions which would help the industry deal with the challenges.
NAREDCO President Rajan Bandelkar and Dr Niranjan Hiranandani, Vice Chairperson, NAREDCO had mentioned the challenges being faced by real estate, and on the auspicious occasion of installation of the new NAREDCO Vidarbha Chapter, the Hon’ble Minister suggested a change in mindset. First, the location of new projects need not be in locations where land cost was high; he suggested looking at project locations where low-cost housing for common citizens could be done.