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To revive housing demand, there is a need to reorient monetary policies aimed to encourage home ownership, according to DLF Chairman KP Singh.
“We need to create an environment where people are encouraged to own a house at the beginning of their career, not at the retirement age,” he said at the company’s AGM here.
Housing and real estate development is a unique industry and needs policies specifically framed to cater to its characteristics, he said, adding: “A major reorientation in monetary policies…will not only revive demand and help achieve the target of ‘housing for all’, but will also give a boost to building activity.”
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