The Confederation of Real Estate Developers' Association of India (CREDAI) has decided to meet the prime minister and has planned a nationwide strike to sensitize policy-makers to its problems.
Mr. Lalit Kumar Jain, National president, CREDAI said, "Even though the sector contributes close to 7% or Rs. 1.40,000 crore - we are facing suffocation due to various administrative delays. Our appeals for speedy action are falling on deaf ears,'' .
The CREDAI has suggested an approval process akin to that followed in Bihar and Gujarat.
Mr. Lalit Kumar Jain also said, "Architects sanction plans drawn up as per building rules framed by the local planning body there. The authority gives the final stamp of approval within a week of plans being submitted. CREDAI in next governing council body meeting in May, 2012 will decide to call for a day's strike to draw the government's attention to the problems being faced by the industry. We may have to go on an indefinite strike if the problems affecting the developers and home buyers are not addressed''
''If you take the example of Maharashtra, plans do not get sanctioned for months for want of approvals from various committees like the environment, high rise and recently reserving 20% for low cost housing. The government has failed to understand that there is an increase of 40% in costs are due to such delays, Mr. Lalit Kumar Jain said.
Mr. Lalit Kumar Jain, National president, CREDAI said, "Even though the sector contributes close to 7% or Rs. 1.40,000 crore - we are facing suffocation due to various administrative delays. Our appeals for speedy action are falling on deaf ears,'' .
The CREDAI has suggested an approval process akin to that followed in Bihar and Gujarat.
Mr. Lalit Kumar Jain also said, "Architects sanction plans drawn up as per building rules framed by the local planning body there. The authority gives the final stamp of approval within a week of plans being submitted. CREDAI in next governing council body meeting in May, 2012 will decide to call for a day's strike to draw the government's attention to the problems being faced by the industry. We may have to go on an indefinite strike if the problems affecting the developers and home buyers are not addressed''
''If you take the example of Maharashtra, plans do not get sanctioned for months for want of approvals from various committees like the environment, high rise and recently reserving 20% for low cost housing. The government has failed to understand that there is an increase of 40% in costs are due to such delays, Mr. Lalit Kumar Jain said.
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