Realtors body to work with states for affordable housing

Written by feBureau | Chennai | Updated: Mar 31 2013, 08:24am hrs
The newly elected leadership of the realtors apex body, the Confederation of Real Estate Developers Associations of India (Credai), has embarked on a multi-pronged agenda to work closely with various state governments with a focus on affordable housing, green buildings, water harvesting and skill development among construction workers.

The task force report on affordable housing is already with the government and we will impress upon the concerned departments to facilitate its implementation for ensuring that millions of homeless fulfill their dreams of owning a house, said Lalit Kumar Jain, the newly elected chairman of Credai. The association with over 10,000 members across 20 cities announced on Saturday the setting up of its youth wing reflecting the increasing number of young and qualified entrepreneurs joining the profession. Jain stressed that Credai has been campaigning for long for streamlining the approval processes across the country. In fact, the Centre should issue guidelines to states regarding online approvals and single-window system, he said, pointing out that states such as Punjab which have implemented the single-window system are doing very well. This will help check corruption and the money saved would benefit the end buyer, he said.

Jain also pointed out that Credai suggested changes in the land acquisition and real estate regulator authority Bills to make them more effective and beneficial for home buyers, and not just one particular section. Referring to delays in approvals from the environment ministry, Jain said: A lot needs to be done for speedy approvals so that projects do not get held up indefinitely. C Shekar Reddy, the newly elected national president of Credai, said the apex body will also campaign with the finance ministry and RBI for reducing the risk weightage given for funding real estate projects. The current negative approach is helping neither banks nor developers, he added.