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New CREDAI leadership vows to work with government


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 task force report on affordable housing is already with the government and we will impress upon the concerned departments to facilitate its implementation for ensuring that the millions of homeless fulfil their dreams of owning a house,” said Lalit Kumar Jan, newly elected Chairman of CREDAI.

CREDAI also announced the setting up of its Youth Wing reflecting the increasing number of young and qualified entrepreneurs joining the profession.

Jain stressed that CREDAI has been campaigning for streamlining the approval processes across the country. “In fact the centre should issue guidelines to states regarding online approvals and single window system,” he said and pointed out that the states like Punjab which have implemented single window system are doing very well.

This will help check corruption to a large extent and the money saved would definitely benefit the end buyer, he said.
Secretary Housing & Urban poverty alleviation Arun Kumar, who was the guest of honour, also unveiled the first Coffee Table Book on real estate. CREDAI’s new managing committee also took charge in Kumar’s presence.

Jain pointed out that CREDAI suggested changed in the land acquisition and the Real Estate Regulator Authority bills to make them much more effective and beneficial for the home buyer and not one particular section.

Referring to the delays in approvals from the environment ministry, Jain said, “A lot needs to be done for speedy approvals so that projects do not get help up indefinitely.”

Newly elected CREDAI national president C Shekar Reddy said, the apex body will also campaign with the finance ministry and RBI for reducing the risk weightage given for funding the real estate projects. “The current negative approach is helping neither the banks nor developers,” he said.

CREDAI will focus on educating the fellow developer community on developing green buildings, using non-conventional energy sources and water conservation. Recycling of water for flushing and gardening purposes should automatically be part of all new projects, Reddy added.

On skill development, he said that the industry would need close to 40 million skilled workers on an incremental basis in next ten years or so.

The government which has been collecting 1 per cent as labour cess has now begun to use it for skill development and labour welfare. The centre has made a good beginning and some states like Andhra Pradesh too are implementing it. “We hope other states will follow suit,” he said.

The new office bearers of CREDAI are:
• Jaxay Shah, MD Savvy Group & VP CREDAI National
• Satish Magar, chairman & MD, Magarpatta Township Development & Construction
• Sushil Mantri, Chairman & MD, Mantri Developers
• Sanjeev Srivastava, MD, Assotech
• Harsh Vardhan Patodia, MD Regent Hirise and MD Unimark Group & Heritage Reality Group
• Vijay Mirchandani, Hon. Secretary CREDAI National and MD Mirchandani Group
• Shekhar G Patel, Hon. Treasurer, CREDAI National

The Youth Wing details:
• Viny Raj Modi, chief coordinator
• Dipesh Bhagtani, Addnl. chief coordinator
• Mohit Goel, zonal coordinator (North)
• Kruti Kumar, zonal coordinator (West)
• Sarad Baid, zonal coordinator (East)
• Siddharth Menda, zonal Coordinator (South)
• Deepak Agarwal, zonal coordinator (Centre)

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June 2020
10 Jun 2020