• The responsibility of Affordable housing should be taken up the Govt.
• It (Govt.) should in-fact encourage the Public-Private Partnership (PPP) to carry out housing project.
•  Relaxation in approval norms and simplification in procedures to benefit/ promote such developments.
• Additional FSI at concessional rates again to promote such developments.
• Relaxation in various regulations & taxes like Service tax, property tax, VAT etc.
•  It should be treated as Infrastructure Projects, with Tax Rebate incentives
• Funding should be with Low Interest rates
• There should be subsidy on electricity and water-supply costs.
• The government should provide fiscal incentives.
• Providing Microfinance to lower income group with an average ticketing size of Rs. 3-6 lakhs
• as the consumers usually don't have tax returns or salary slips.
• With the example of the famous Wal-Mart super stores. Ar. Prem Nath explained how Wal-Mart became what it is today. Being the world largest consumer store, it sells quality goods to consumers at affordable prices; whether it is a boom or a melt-down. It works on massive procurement at low price, & sells at low margins but massive volumes makes Wal-Mart as the richest corporation.
• Construction industry must get together in a corporate manner to cut down the cost of construction by adoptingmodular construction techniques, organized bulk procurement and also by reducing cost of marketing, advertising & finance etc. Further more, by cutting down the speculative profits to low profits. The profit lies in bulk procurement.
• Similarly adopting Wal-Mart model, Real Estate Industry can form an enterprise with an agenda to provide Affordable Housing.

Affordable Housing is possible…- By Prem Nath

On the occasion of the Accommodation Times' 24^th Anniversary & Annual Awards Presentation Function held at NehruCentre Auditorium on 2^nd March 2010; Ar. Prem Nath contributed his views to the symposium on “Affordable Housing”in the presence of eminent personalities like Shri. Pravin Doshi - President – Maharashtra Chambers of Housing Industry,Shri. Santosh Rungta - President – CREDAI, Shri Niranjan Hiranandani & Shri Biren Parikh- Ernst Young.Prem Nath voiced that Affordable Housing was the need of the hour & it would be an achievable goal if certain changes/ modifications were made in the existing situation, some of them are as follows: