Poddar Housing brings in revolution in affordable housing
Poddar Housing and Development Ltd held its first ever knowledge seminar at iLeaf Ritz, Thane. With the vision to deliver superior value to all stakeholders through extraordinary and imaginative spaces, the company announced its business expansion plans. The brand aims on delivering 27,000+ homes across Mumbai with the aim of being nation’s largest affordable housing development company in India.
More than 500 delegates across Mumbai attended the session to discuss and understand the future of affordable housing segment. The event also witnessed various industry stalwarts like Mr. Sanjay Kumar, Additional Chief Secretary- Dept of Housing Govt of Maharashtra, Ms.AartiHarbhajanka, Director-KPMG and Mr.RohitPoddar, Managing Director Poddar Housing and Development Ltd.
The industry experts shared their insights on key policies like RERA and PMAY, market sentiments, government initiatives, blooming affordable housing segments, Green Construction, need for green housing policy and the launch of upcoming township of Poddar Housing.
On the special occasion, Mr.RohitPoddar, Managing Director- Poddar Housing said “We are living in interesting times, where change is constant; therefore we must become comfortable with accepting change and use this opportunity for our growth. We are witnessing a paradigm shift in the real estate market, not only in Mumbai & MMR but across all metros, Tier I & II cities. The luxury sector is going through difficult times especially in Mumbai and developers are facing a difficult time due to poor cash flow. While on the other hand, the affordable housing which has been long neglected by developers, has transformed into clearly where the action is. This market is buoyant; it is a real market of end users. Driven by the PMAY scheme, the affordability has become a reality for the first time home buyers.
Mr. Sanjay Kumar, Additional Chief Secretary-Dept of Housing Govt of Maharashtra congratulated Mr.Poddar for his contribution in affordable housing sector. He further said, ‘I am very pleased to say that Maharashtra is the only state in India to have a Public-Private Partnership (PPP) for the seamless implementation of massive endeavors. We are looking forward to green housing policy and to bring in the best construction technology methods to improve the sector.”
Ms.AartiHarbhajanka, Director-KPMG said, “Real Estate is a strict regulatory industry and Pradhan MantriAwasYojana in a nutshell will provide a single window clearance and speedy approvals. It’s indeed a great message to convey that, government of Maharashtra has brought MahakamgarAwasYojana, a housing scheme for the welfare of construction workers.”
She further added that every developer must come forward and support Public Private Partnership (PPP) in order to work hand in hand with the government focusing on reducing development cost and enhancing cash flows.
Poddar Housing and Development Limited (PHDL) is a Public limited Co that is listed in the BSE and NSE, and a part of the Poddar Group. PHDL signed a MOU with the Govt of Maharashtra at Magnetic Maharashtra to develop 1 lac affordable homes. PHDL is a leading player in the PMAY scheme in Maharashtra.