CREDAI Submits Paper on Slum Development and Affordable Housing to President

July 1, 2009	(Be the first to rate this story!)  Loading ...
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Real estate body, CREDAI, focused strongly on slum eradication, slum prevention and providing affordable housing, during its meeting with President Pratibha Patil here. “During our meeting, CREDAI presented a paper to the President, giving its ideas on the three key issues,” Confederation of Real Estate Developers Association of India’s Vice-President, Dharmesh Jain, told PTI here today. Jain, who is also the Chairman and Managing Director of real estate major, Nirmal Lifestyle, said that with affordable housing assuming prime importance, CREDAI asked the President for some fiscal incentives to be provided for this segment. “Easy availability of credit would go a long way in facilitating affordable housing,” Jain said.

In fact, CREDAI has taken up the matter of availability of bank credit for real estate developers with the Finance Minister as well, he said. CREDAI also suggested to the President the setting up of a slum rehabilitation authority by each state. “Maharashtra is the first state to have taken some good measures in slum rehabilitation and learnings from Mumbai and Maharashtra can be shared with the other states,” Jain said. CREDAI has also sought a follow-up meeting with the President on the three key issues. “The President was very responsive to our suggestions,” Jain said.

News Published Under:   Real Estate Developers |

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