Cement, Coastal Regulation Zone & Clearances: 3 Cs Affecting Builders and Promoters

Above 300 developers from 32 cities across the state attended the general body meeting of the Confederation of Real Estate Developers Association of India (CREDAI-Maharashtra) held at Vashi recently.

In the meeting, which was held at Imperial banquet hall, the builders / promoters from the satellite city raised their voice against the Coastal Regulation Zone (CRZ) guidelines, issues relating to the environment clearances and the fire-related guidelines.

Apart from these, the other important issues that are affecting the construction industry were also discussed. The developers / promoters felt that these issues not only affect the industry, but also the buyers. It was also brought to the notice of the members that the cement price has been increasing. Within a year, the price of a cement bag has gone up to Rs. 290 from Rs. 210.

This practice by the cement manufacturers is directly affecting the construction industry & to protest against this, it was decided that a letter would be written to the companies & the Cement Corporation of India (CCI) authorities.

The issue of charging unjustified stamp duty on the basis of floor space index of the plot was also discussed by the developers or promoters.

President of CREDAI-Maharashtra, Mr. Anant Rajegaonkar, who chaired the meeting, highlighted the issues successfully pushed by the association like Development Control Rules (DCRs)  for the A, B & C class municipal corporations in Maharashtra.

State minister of state for urban development, Mr. Uday Samant, who also attended the meeting, said that the DCRs for A, B & C class municipal corporations in the state would benefit the general public. The new rules will be published by the state government soon, he said, and promised to look into the issues raised by the developers or developers.

At the meeting, builders / promoters from the satellite city raised their voice against the Coastal Regulation Zone (CRZ) guidelines, issues relating to the environment clearances and the fire-related guidelines.

Other important issues that are affecting the construction industry in Navi Mumbai were also discussed at the meeting, which was held in a banquet hall in Vashi recently.

The developers / promoters felt that these issues not only affect the industry, but also the buyers. It was also brought to the notice of the members that the cement price has been increasing. Within a year, the price of a cement bag has gone up to Rs. 290 from Rs 210.

The issue of charging unjustified stamp duty on the basis of floor space index of the plot was also discussed by the developers.

President of CREDAI-Maharashtra, Mr. Anant Rajegaonkar, who chaired the meeting, highlighted the issues successfully pushed by the association such as Development Control Rrules for the A, B & C class municipal corporations in Maharashtra.



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