Confederation
of Real Estate Developers’ Associations of India (CREDAI) organized the “CREDAI CONCLAVE 2013”, with a theme,
“Housing the Game Changer – Leading to Double-Digit GDP Growth”, at New Delhi,
against the backdrop of its continuous efforts over a period of time to
persuade and influence the central government to take up many reform measures
and policy changes.
Delivering
the key note address at the conclave Mr. C. Shekar Reddy, President, CREDAI
National said “The major concerns of the
real estate developers / promoters in
India are - The rising price of plot of Land, labour & inputs, High
burden of many taxation, High cost of funding due to lopsided funding by banks
/ housing finance firms, stunted cash flows, delays in NOC & other
clearances and approvals besides the outdated FSI Norms . He emphasised on a
need to restructure the approach to help the real estate sector contribute more
significantly to the Indian Economy.”
 |
| C Shekar Reddy, President, CREDAI- National |
Unlimited FSI for Wider Roads...
Appreciating
the policy of the government of Andhra Pradesh Mr. C. Shekar Reddy said
“Through an order AP government has removed the concept of FSI thereby allowing
the developers with unlimited FSI for the projects abetting wider roads and
having bigger plots. By this simple initiative, even with higher land costs,
the flats are working out to be less expensive making the houses affordable. He
urged other states to do away with the FSI concept and help the housebuyers.”
Speaking
about the trends in the real estate sector Mr Reddy said, “According to
McKinsey Global Institute report, over the next 17 years, the development of
the country is expected to create 70% new jobs opportunities in the cities
& these new jobs are going to be
twice as productive as equivalent jobs in rural sector. In other words, we will
witness urban transformation- the scale and speed of which has not happened
anywhere in the world except in China. With this rapid urbanization, the urban population is
poised to grow to 59 crore by 2030. This expected transformation will, if
handed well, provide the means to turn around the economy from slowdown to
rapid growth. Given the existing housing shortage estimated at 18.78 million
dwelling units and the need for about 60mn dwelling units by 2030 as per the
report by MoHUPA. The Housing & Real Estate sector is poised to grow
rapidly in the next 15 years and require an investment of $ 1.2 trillion in
this period. This will require a structured and massive housing program.”
CREDAI - National Secretariat
703, Ansal Bhawan,
16, Kasturba Gandhi Marg,
New Delhi-110 001.
Tel:(011) 43126262/ 43126200
Fax:+91 11 43126211
Email:info@credai.org
For
more information please contact
Mr.
Nishanth M: 98840 70861
Konnections
Web
Site: www.konnections.co.in
E
mail: nishanth@konnections.co.in
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