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What is NIS?
To delve deeper into the problems at hand and come up with practical solutions,
CREDAI holds summits on a regular basis. New India Summit 2018 where 1000 plus
developers are expected to participate is being organized for that reason. The theme
for this summit is Emerging Cities, India's Future.
The housing sector's importance can be gauged by the fact that the government has
launched a 'Housing For All by 2022' Programme to enable creation of over two crore
affordable houses. This segment has immense potential in the tier II and III cities as
land prices are affordable and land is abundant.
Why NIS?
India with its rapid growth and evolving urbanisation trends needs new cities. With
the urban sprawl increasing and overburdening the infrastructure in large cities,
creation of new urban centres is of critical importance. Decluttering the metros and
creating new economic engines of growth is already underway through various
central and state government initiatives. Upgrading the infrastructure in tier II/III/IV
cities will enable them to attract economic/industrial activity to a great extent. Many
of these cities are already taking measures to identify themselves as the flagbearers
in terms of investments and development.
