Hit by rising
construction material costs, the Federation of Flat and Housing Promoters
Association asked the Tamil Nadu state government to take measures,
including cut in stamp duty & faster plan approvals, to ease the pressure
on the real estate sector.
Mr. P
Manishankar..!
Federation's President Mr. P Manishankar said, "In Chennai alone nearly 20,000 construction works, including building
of new homes & renovation works happen in a day. The abnormal jump in
cement prices from Rs. 250 a bag to Rs. 350 and the same price inflating to Rs.
40 a unit have crippled the industry badly. It is the need of the hour for the
state government to save the industry from the impact. Adding to our woes is
the delay in (project) plan approvals. So we also seek measures to grant
quicker plan approvals"
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| Mr. P Manishankar |
The Federation of
Flat and Housing Promoters Association requested the Tamil Nadu government
to reduce stamp duty from 8% to 1%, against the increase in government's
guideline value of lands.
The Federation also asked for
relaxation of FSI (Floor Space Index) to 2 from 1.5 with amendment in the DCR
(development control rules).
Separate
Committee for Uniform Sand Prices..!
''Observing that high costs has resulted in high number
of job losses for labourers. The Tamil Nadu government to take steps to curb
the practice of possible cartelisation that gives rise to "invisible
pricing of cement". Setting up of a separate committee to maintain uniform
sand prices throughout the year"
