The
Indian real estate apex body CREDAI will campaign with the finance ministry and
RBI (Reserve Bank of India) for reducing the risk weightage given for funding
the real estate projects.
According
to Mr. C. Shekar Reddy, newly elected National President, The current negative
approach is helping neither the banks nor developers.
CREDAI
will focus on educating the fellow developer / builder / promoter community on
developing green buildings, using non - conventional energy sources & water conservation.
Recycling
of water for flushing & gardening purposes should automatically be part of
all new projects.
On
skill development, the Indian real estate industry would need about to 4 crore
skilled workers on an incremental basis in next 10 years or so.
The
government which has been collecting 1 per cent as labour cess has now begun to
use it for skill development & labour welfare.
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