We are in constant touch with the concerned authorities and working for a fast and efficient approval system, says Sandeep Mehta, newly elected President of Confederation of Real Estate Developers’ Association of India (CREDAI), Chennai.
What are the issues you are going to focus as newly elected CREDAI, Chennai President?
What are the issues you are going to focus as newly elected CREDAI, Chennai President?
As you are aware, today developers are
going through a major challenge in getting approvals. My first and
foremost priority would be to work with the authorities, like CMDA,
DTCP, and see how best we can bring down the approval cycle to the
minimum possible time. Approvals are taking six months or even one year,
and the ultimate sufferers are the end users. After all, developers
are playing a role of middleman, wherein they accumulate various
components like land, contractors, building materials to produce the
finished product. As a project gets delayed, the cost of interest comes
on it. This cost will finally pass on to the customers.
What about Corporate Social Responsibility of CREDAI?
CREDAI will be focused in this area
largely in the coming days. We are in the process of meeting various
government authorities. We are committed to give back to society in
terms of, at least to start with, in civic areas. We will be approaching
corporations and local bodies. As a developers’ community, we have
expertise in building parks, maintain them, building payments, making
good bus shelters, and also engage leading architects to give basic
common amenities for people. We are quite focused to take up this
initiative and confident that the government would give us enough
opportunities to work hand-in-hand, so that we can reach out to people
in a big way.
Read full interview here...will be posting the video soon... check out!
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