CREDAI anticipates new reforms in real estate

By Accommodation Times News Service

On the arrival of new minister of Housing and Urban Poverty Alleviation, Girija Vyas, CREDAI hopes for new improvement and betterment in the real estate industry. CREDAI chairman Lalit Jain said that they believe new minister Girija Vyas will make ahead with the pending task of the previous minister Ajay Maken and sustain with the good work. Further he said, “Ajay Maken use to work for the public’s progress and he use to understand the difficulties faced by us and should solve the issues, our suggestions for the progress of real estate industry and for better infrastructure for public and for governments mission of ‘Housing For All’. We believe that the new minister will work on such issues and continue the good work.”

CREDAI has many plans for the progress of real estate sector with the government support. They have suggested government to accord the status of infrastructure to the sector and oduce four-fold reforms; land, administrative, banking and labor, to develop the country with sufficient housing projects. The inflation in the housing sector is the biggest issue, about which CREDAI is worried. They think reforms should work on reducing he prices. They suggest a single window system for all clearances to facilitate quick approvals, this will help to commenced the projects fast. CREDAI is planning to approach the new HUDA minister for a detailed discussion on the issues and suggestions on behalf of home buyers.

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