The newly-formed AP
chapter of the Confederation of Real Estate Developers’ Associations of India
(CREDAI) has urged its members to adhere to the National Building Code and
cultivate a sense of self-discipline in implementation of various rules
uniformly across the State.
AP Chairman Mr. K
Subba Raju said CREDAI will take up issues relating to vacant land tax,
preparation of master plans and identification of commercial zones, incentives
for affordable housing, a single taxation system & exemption for projects
above 2,000 square yards.
He was talking to the
media here on recently along with President A Siva Reddy after the first
management committee meeting.
He said it was
important that members of all 14 chapters of CREDAI stick to the
confederation’s code of conduct and ensure transparency in business. “It should
be a win-win situation.
In apportioning
common areas, the norms of the National Building Code should be followed,” Mr.
Raju said. He said the consumer redressal cells of CREDAI should try to
amicably resolve disputes relating to construction, amenities, infrastructure
and payment schedules.
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