Demonetisation brought down housing prices, made it affordable for youth: PM Modi in Gujarat

By: |
Surat | January 30, 2019 3:24 PM

The prime minister was addressing a gathering after laying the foundation stone for extension of the new terminal at Surat airport in Gujarat.

Demonetisation, narendra modi, RERA, affordable homes, UDAN, real estate, NDA, upaThe prime minister also said that during the last four years of NDA rule, his government constructed 1.30 crore houses while during the previous UPA rule, 25 lakh houses were built.

Prime Minister Narendra Modi on Wednesday credited his government’s demonetisation decision for bringing down prices of houses and making them affordable for the aspiring youth. He also said that if the previous governments had to do the work that he has done so far, they would have needed “25 more years” for it.

The prime minister was addressing a gathering after laying the foundation stone for extension of the new terminal at Surat airport in Gujarat. “I was asked what has been the benefit of note ban decision. You should ask it to the youth, who could buy residential homes at affordable rates after the decision. Black money used to be parked in real estate sector, but with decisions like note ban and RERA, we put a check to it,” Modi said.

Also read| Narendra Modi in Gujarat Live Updates: Want to make air travel accessible to everyone, says PM Modi in Surat

He lauded the Civil Aviation Ministry’s ‘Udaan’ (Ude Desh Ka Aam Nagrik) scheme – a regional connectivity scheme that makes flying affordable for masses, saying it will boost development of the country’s aviation sector. The prime minister also said that during the last four years of NDA rule, his government constructed 1.30 crore houses while during the previous UPA rule, 25 lakh houses were built.

He also stated that for the last 30 years, the country had a “hung Parliament” due to which progress was affected. “But four years ago, people voted to give full majority after which the country is progressing rapidly,” he said.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
112 Opposition leaders write to PM Modi, demand free mass vaccination, suspension of Central Vista project
2BJP’s tally in West Bengal Assembly reduces to 75 as two MLAs resign
3Mamata Banerjee writes to PM Modi urging speedy import of COVID-19 vaccines; offers land, support for manufacturing facility