Credai again pitches for quick approvals for affordable housing

The Confederation of Real Estate Developers’ Associations of India (CREDAI) has again pitched for quick approvals for the affordable housing segment in the country. 

With a new elected body of realtors, CREDAI has embarked on a fresh agenda laying focus on affordable housing, green buildings, water harvesting and skill development among construction workers.

"The task force report on affordable housing is with the Government. We will impress upon the concerned departments to facilitate its implementation for ensuring that the millions of homeless fulfill their dreams of owning a house," Lalit Kumar Jain, who has been elected Chairman of CREDAI, said.

The Confederation also announced the setting up of its youth wing.

Jain called upon the Centre to issue guidelines to States regarding online approvals and single window system. States like Punjab, which have implemented single window system, are doing very well, he said, adding, this would help check corruption to a large extent.

The Confederation has suggested changes in the Land Acquisition and the Real Estate Regulator Authority Bills to make them much more effective and beneficial for the home buyer.

C Shekar Reddy, newly elected National President of CREDAI, said the apex body will campaign with the Finance Ministry and RBI for reducing the risk weightage given for funding the real estate projects.

The industry would need close to 40 million skilled workers on an incremental basis in next ten years or so, he said.

The new elected Credai team comprises of Jaxay Shah- MD Savvy Group & VP Credai National, Satish Magar- chairman & MD, Magarpatta Township Development & Construction Co, Sushil Mantri, chairman & MD, Mantri Developers, Sanjeev Srivastava, MD, Assotech Ltd, Harsh Vardhan Patodia- MD Regent Hirise, MD Unimark Group & Heritage Reality Group, Vijay Mirchandani, Hon. Secretary Credai National & MD Mirchandani Group, Shekhar G Patel- Hon. Treasurer, Credai National.

The newly elected leadership of realtors apex body Credai has embarked on a multi-pronged agenda to work closely with the various governments with focus on affordable housing, green buildings and water harvesting and skill development among construction workers.

The Confederation represents over 8,800 developers through 20 States and 114 city chapters across the country. Its initiatives and activities help developers come together and work towards better practices, improved customer service and a stronger realty industry.

Two realtors from Gujarat in CREDAI

Jaxay Shah, MD, Savvy group, has been elected as the national vice-president (VP) of the Confederation of Real Estate Developers' Associations of India (Credai ). He is among the five VPs in the country and was elected uncontested for the second time this year, according to a report.

The election results were declared by Credai on late on Saturday evening. Another realtor Shekhar Patel, MD, Ganesh Housing, was elected as treasurer of Credai .

Both Patel and Shah have been elected for the second time in a row for these posts. There are close to 6,000 members from Gujarat in Credai in 23 cities and towns in the state. This is a huge chunk against 127 member cities of Credai across the country. Shah was awarded the "Best Performing' member in his previous VP term.