A four-daylong Property Expo 2014 organised by the Confederation of Real Estate Developers’ Associations of India (Credai) Odisha was inaugurated by Housing and Urban Development Minister Pushpendra Singh Deo here on Friday.
The Credai Odisha chapter showcased over 100 projects having models of various houses starting from the range of Rs15 lakh at its exhibition at hotel Swosti Premium, said Credai national joint secretary DS Tripathy.The expo has brought together 62 stalls of property developers, loan assistance providers like the State Bank of India (SBI) along with housing and lifestyle products like Fenesta window system and the customers under a single roof.
Inaugurating the Expo, the Minister said that his department would provide necessary help to the property developers and real estate firms to grow their business in the State. “As Bhubaneswar is one of the fastest growing cities in the country, the builders should follow the right procedures and plans in order to avoid complications like drainage or encroachment problems in the future,” he added.
Bhubaneswar Development Authority (BDA) Vice-Chairman and Bhubaneswar Municipal Corporation (BMC) Commissioner Dr Krishan Kumar said they have hired a reputed company VFS Global to expedite the building plan approval process through transparent manner. The company would start its offices at two places of the city to deal with the plan approvals, he added.
The company would start its work from the coming January onwards. The builders or real estate firms would not be harassed or wait for months to get approvals, Dr Kumar said, now the real estate firms could get approval very soon in a transparent manner. BMC Mayor AN Jena said the real estate firms and builders should think about building of affordable houses for economical weaker sections. As most of the people of the State and the city belong to lower income group (lIG), the builders should build lIG houses, he added.
Officials of the SBI, main sponsor of the expo, said the bank would give privilege to women real estate customers by reducing interest rate to 10.10 per cent. SBI CGM KM Trivedi said they would welcome real estate firms and property developers who want to invest in the housing sector.
Among others, Credai Odisha president Dillip Kumar Patra, Vinay Krishna Das and members of the Credai and officials of the SBI were present.