You are here: Home » Politics » News » National
Business Standard

Note ban brought down house prices, made them affordable for youth: PM Modi

Modi 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

Press Trust of India  |  Surat 

Prime Minister Narendra Modi at the foundation stone laying ceremony of All India Institute of Medical Sciences (AIIMS) in Madurai, Sunday (Photo: PTI)

Prime Minister on Wednesday credited his government's 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 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 sector, but with decisions like and RERA, we put a check to it," Modi said.

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.

ALSO READ: Pariksha Pe Charcha: PM Modi discusses depression, importance of exams

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.

First Published: Wed, January 30 2019. 15:00 IST
RECOMMENDED FOR YOU