Minister represents JK at Mumbai Summit-2017

Minister of State for Health and Medical Education, Housing and Urban Development, Asiea Naqash represented J&K at Real Estate and Infrastructure Investors’ Summit 2017 at Mumbai.

The summit is organized by Ministry of Urban Development, Housing & Urban Poverty Alleviation, Government of India to attract private equities and foreign investments from across the globe.

The conclave was also attended by Union Minister of Finance, Arun Jaitley, Chairman, NITI Aayog, Amitabh Kant, Secretary, Department of Revenue, Union Ministry of Finance, Hasmukh Adhia, RBI, Governor, Urjit Patel,    Secretary, Department of Financial Services, Ministry of Finance, GoI, Anjuly Chib Dugal and other concerned officials.

The focus of the conclave was primarily on funding in Real Estate, Private Equity, Real Estate Investment Trust (REIT’s) and Infrastructure Investment Trusts (InvITs).

Some of the key discussions at the summit focused on Affordable Housing Funding, Implications of RERA from an Investor’s point of View, GST in Real Estate Sector, etc.

Reforms implemented to attract more funds to real estate and infrastructure sector from across the globe, were also a part of discussion during this conclave.

Other issues and schemes which were deliberated upon included drug prevention, senior citizens schemes under Rashtriya Vayushri Yojna, and Post Matric scholarships, and Babu Jagjiwan Ram Chatrawas Yojna (hostel for boys and girls).

The summit was informed about promoting housing and real estate development which has contributed substantially in bringing the Real Estate Regulatory Bill, affordable Housing policy of Government of India and various other reforms in the real estate sector.

Discussing Senior Citizen Scheme under Rashtriya Vayushri Yojna in J&K, the Union Government selected two districts Srinagar and Udhampur for assessment and organizing camps in this regard.

The scheme aims to provide financial assistance to senior citizens belonging to BPL category and suffering from any form of age related disabilities/infirmities which covers locomotor disability artificial dentures (complete & partial) low vision, hearing impairment.

Global investment firms such as APG, GIC Singapore, Blackstone Group, Brookfield Group, CPPIB, Xander, Abu Dhabi Investment Authority, Qatar Investment Authority, Qatar National Bank, Bank of China, Bank of America, Country Garden, Vornado Realty Trust, Macquarie, Barclays, Ascendas, Mapletree, Morgan Stanley, International Financial Corporation (World Bank), Cohen & Steers (USA), Genkai Capital (Japan), KKR India etc were also present during the summit.

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