The CREDAI
(Confederation of Real Estate Developers’ Associations of India) had expressed
strong opposition to the central government’s proposal for compulsory
reservation of 35%of the dwelling units
in a development for the EWS (economically weaker section).
The CREDAI has sent a
note to Union Minister for Housing & Poverty Alleviation Mr. Ajay Maken
saying that without any incentives to the developer / builder community, the
scheme would burden open market buyers, who would be forced to cross subsidise
the scheme.
Mr. Lalit Kumar Jain, President, CREDAI said,
''Reservation would not be possible in every project across the board."
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