Real Estate

Credai pitches for swift approvals for affordable housing

V. Rishi Kumar Hyderabad | Updated on November 20, 2017

The Confederation of Real Estate Developers’ Associations’ of India (Credai) on Saturday pitched for quick approvals for the affordable housing segment in the country.

With a new elected leadership of realtors’ apex body, it has embarked on a new agenda laying focus on affordable housing, green buildings, water harvesting and skill development among construction workers.

"The task force report on affordable housing is with the Government. We will impress upon the concerned departments to facilitate its implementation for ensuring that the millions of homeless fulfill their dreams of owning a house," Lalit Kumar Jain, newly elected Chairman of CREDAI, said.

The Confederation announced the setting up of its youth wing.

Jain called upon the Centre to issue guidelines to States regarding online approvals and single window system. States like Punjab, which have implemented single window system, are doing very well.

This will help check corruption to a large extent and the money saved would definitely benefit the end buyer, he said.

The Confederation has suggested changes in the Land Acquisition and the Real Estate Regulator Authority Bills to make them much more effective and beneficial for the home buyer.

C Shekar Reddy, newly elected National President of Credai, said the apex body will campaign with the Finance Ministry and RBI for reducing the risk weightage given for funding the real estate projects.

The industry would need close to 40 million skilled workers on an incremental basis in next ten years or so, he said.

The Confederation represents over 8,800 developers through 20 States and 114 city chapters across the country. Its initiatives and activities help developers come together and work towards better practices, improved customer service and a stronger realty industry.


Published on March 30, 2013

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