RERA Act introduced to take away problem of consider deficit between builders, homebuyers, says PM Modi – india news



Prime Minister Narendra Modi on Monday said that there was once a consider deficit between builders and home buyers, and the Real Estate Regulatory Authority (RERA) Act was once introduced to take away this problem.

While inaugurating the construction of the Agra Metro project via video conferencing, Modi said, “People with mistaken intentions brought disrepute to all the real estate sector, upsetting our middle class.” The prime minister said that there was once a consider deficit between the builders and the home buyers, and the RERA law was once introduced to take away this problem. He added that some recent reports showed that middle class homes were getting completed quickly after the introduction of this law.

He also said that all-round development, from contemporary public transport to housing, was once going to make life easier in cities.

Noting that the Pradhan Mantri Awas Yojana was once inaugurated from Agra, the prime minister said that multiple crore houses have been approved for the urban bad under this scheme.

Modi said help is being given to middle class families of the city to shop for houses for the first time. He said so far, more than 12 lakh urban families have been provided help of approximately Rs 28,000 crore to shop for houses. The prime minister said infrastructure like water and sewer are being upgraded in several cities under the AMRUT mission, and help is being provided to native bodies to make public toilets better in cities and to execute a contemporary system of waste management.

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“Dreams of today’s new India are big (‘badhe’) and huge (‘viraat’). But, visualizing the dreams isn’t enough, courage is needed to fulfil them. When you move ahead with courage and dedication, no impediment can stop you. The youth of India and smaller cities are displaying this courage and dedication,” he said.

“The role played by metro cities in the 20th century is now being played by smaller cities like Agra,” the prime minister said.

He said that metro rail coaches are being made in India under the Make in India mission. On the subject of the matter of metro network, India is fitting self-reliant, he said, and added that Agra is the seventh city of Uttar Pradesh to have the metro rail facility.

“Agra has an age-old identity. Now, a new dimension of modernity is getting attached to it. The city which has treasured history of hundreds of years is all set to march in tune with the 21st century,” Modi said.

“Previously six years, the speed and scale with which work has been done on the metro network in UP and in the country, shows the identity (‘pehchaan’) and commitment of the government,” he asserted.

Modi also remarked that cities of western UP have everything, which is needed for self-reliance. “The farmers here have a tremendous potential. In the matter of animal husbandry, this region is a leader in the country. There’s a enormous scope for the dairy and food processing industry here, and this region could also be moving ahead in the service and manufacturing sector,” he said.

He added that with contemporary infrastructure and contemporary facilities, this potential of western UP is increasing.

The first Rapid Rail Transport System (RRTS) is being constructed between Delhi and Meerut, he said, adding that a 14-lane expressway between Delhi and Meerut will soon serve people.


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