Real estate cos concentrating on affordable housing: Selja

6 Mar 2010, 2202 hrs IST, PTI

PANAJI: After the prick in real estate boom, the industry is now looking at construction of affordable housing as the next alternative, Union Minister for Housing and Urban Poverty Alleviation and Tourism Kumari Selja said today. 

"The real estate boom saw the private players to go in for construction of high income housing facilities. Now the market realities have forced these people to look at affordable housing construction facilities," Selja said. 

On the sidelines of a tourism event, the minister told reporters that the ministry has always laid emphasis on affordable housing. "We have been urging states and private sector to conceive models providing affordable housing," she said. 

The Minister said that the recent CREDAI national convention also had 'affordable housing' as its theme. Source: Economic Times