CREDAI to donate 2.57 crore for CM relief fund

Chennai: As part of their corporate social responsibility, the Confederation of Real Estate Developers’ Association of India (CREDAI)’s Chennai chapter, has collected a sum of Rs 2.57 crore to be handed over to the Chief Minster’s relief fund.

Speaking while inaugurating “Fairpro 2012” an expo showcasing completed residential projects by CREDAI members, on Monday, its President T Chitty Babu, said, “We have planned to donate Rs 2.57 crore collected from our 257 members across the state and the same will be handed over to the Tamil Nadu government to be used for relief and rehabilitation of Cuddalore, which was ravaged by the recent cyclone Thane.”
 
“The money will be handed over to the relief fund by this month end,” he added.
 
While explaining CRADAI Chennai’s effort to help people along the cyclone hit belt between Tamil Nadu and Pondicherry, Murugesan, another CREDAI member said, “We wanted to help people within our reach. A five-member CREDAI team met the then Cuddalore collector who asked us to either adopt a few villages or plant trees along the road stretching from Pondicherry border to Chidambaram. Since, adopting villages needed huge resources; we have taken a plunge to plant saplings along the 67 km stretch.”
 
CREDAI would oversee the planting of saplings on both sides of the road up to Chidambaram. “We intend to complete this task within two months. CREDAI has taken the responsibility of maintaining these saplings for two years and after that the same will be handed over to NHAI,” Murugesan said, adding, in order to educate the formers along the cyclone prone villages along the coastal region of Cuddalore and Chidambaram, CREDAI members along with the Exnora of Cuddalore and Chidambaram, met the village heads and advised them to plant hybrid varieties of cash crops like cashew which provide yield within one year.”

CREDAI’s redressal forum gets government backing

Nandakumar

 Chennai: It what could be termed as a shot in the arm for their recently launched self-imposed initiative to redress realty disputes between builders and buyers, the Confederation of Real Estate Developers’ Association of India (CREDAI) has got an approval from the government as ‘initial level’ legal procedure, it was announced here today.

Speaking after the official opening of the three-day property fair “FAIRPRO 2012” here, CREDAI Chennai’s secretary Nandakumar said, “Our recently launched initiative ‘Consumer Redressal Forum (CRF)”  to solve property disputes between builders and buyers has been recognised by the government of India. We have received unofficial intimation that the Ministry of Consumer Affairs has decided to recognise CRF as the first level redressal for all property disputes.” 

Information the progress of CRF across India, Nandakumar said, “So far we have 22 states across India which have formulated the forums and we hope to achieve 100 per cent participation from all regions by March 2012.”

To address the problems faced by litigants whose property dispute jurisdiction falls outside the state, CREDAI has formulated central nodal agency to address the issue. “We have formed nodal agency to address the inter-state property disputes. With the customers as the main stay of CREDAI’s existence, customer redressal forums have been activated across the country to redress the genuine grievances that may arise to the home buyer in the course of their endeavour of buying their dream home,” Nandakumar said.

T Chitty Babu, the President of CREDAI, Chennai, thrown open the three-day property fair, which will be held between February 17-19 at Chennai Trade Centre. 

Endorsing CREDAI’s all-fair deals at the property show, Chitty Babu said, “Every property displayed here has been legally verified and has obtained all statutory approvals from respective authorizes. It ensures hassle-free and peaceful home buying experience as each of the developer under FAIRPRO has taken oath to abide by the prescribed “code of conduct” and stand by the ethical practices.”

CREDAI throws open FAIRPRO 2012 in Chennai

Taking further its ‘self-imposed’ commitment of providing fair and transparent dealings to all customers, the Confederation of Real Estate developers’ Association of India (CREDAI)’s Chennai chapter is organising annual property show ‘Fairpro 2012’ at Chennai Trade Centre from February 17-19.

CREDAI Chennai chief Chitty Babu (centre).

The three-day property show will see the participation of 65 topnotch CREDAI-member builders who will showcase more than 250 completed projects at the price-band spanning across Rs 10 lakh to Rs 10 crore.

Speaking at a press meet organised to announce the opening of the property show, T Chitty Babu, President of CREDAI, Chennai and head of Akshaya Homes, said, “FAIRPRO 2012 will underscore the vision of our latest ‘Mission Transparency’ initiative. We are showcasing properties which have all relevant approvals from the government agencies and clear title deeds. All the members who are part of the show have signed self-proclaimed ‘code of conduct’. Also, the show would provide an ideal platform for home-seekers who can take stock of various offerings, home loan schemes with sound financial assistance and can make an ideal choice from a wide array of 250 properties certified under CREDAI banner.”   

“The FAIRPRO 2012 also guarantees fair prices, fair practices and fair deals to benefit the customers,” said the CREDAI Chennai chief, adding, the show would provide on-the-spot legal advice for aspiring home buyers.

Informing the gathering about the rise in popularity of FAIRPRO year after year, Suresh Krishn, Convener  of FAIRPRO organising committee, said, “Even before the formal announcement of the show , the FAIRPRO 2012 website has seen 20,000 hits and more than 600 people have already registered for their entry using e-registration facility. We have seen FIARPRO growing from strength to strength each year. Being backed by trust and credentials of CREDAI, the buyers will be able to find the right choice for their need with 100% assurance and peace of mind.”

Chitty Babu (left) at the CREDAI press meet in Chennai.

Nandakumar, secretary, CREDAI, Chennai said, “Our endeavour to serve consumers through Mission Transparency and Consumer Redressal Forums (CRFs) have been recognised by the government of India. The Ministry of Consumer Affairs have communicated to us that they are considering our initiative as the ‘first level of redressal’ for all the property disputes.  So far, CRFs are active in 22 states and we intend to extend throughout India by March 31^st.” 

On the occasion, Chitty Babu also announced that, “As part of CREDAI’s social responsibility initiatives, CREDAI has collected Rs 2.57 crore from 257 members throughout the state for the relief and rehabilitation of Cuddalore, which was battered by cyclone ‘Thane’ recently. We will hand over the money to the government of Tamil Nadu by this month end.”