Confederation of Real Estate Developers Associations of India (CREDAI) an apex body of real estate developers plans to focus on affordable housing, green buildings 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." said the newly elected chairman of CREDAI lalit Kumar Jain.
CREDAI has been campaigning 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.
Jain pointed out that states such as Punjab which have implemented a single window system are doing very well.
Further, CREDAI 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 and not one particular section. As far as delays in approvals from the environment ministry, Jain said, “a lot needs to be done for speedy approvals so that projects do not get help up indefinitely.”
Meanwhile, C Shekar Reddy, newly elected National President of CREDAI , said the apex body will also take up with the Finance Ministry and RBI, the issue of reducing the risk weightage given for funding the real estate projects.
“The current negative approach is helping neither the banks nor developers,” he said.