What has the Confederation of Real Estate Developers’ Associations of India (CREDAI) Tamil Nadu planned for 2012?
Real estate plays a vital role in the economy and it needs to be harnessed. CREDAI must build its status in the public domain and reach out to both end-users and builders to boost the industry. We will be working closely with the Ministry of Housing and Urban Development to support them in doing up parks, pavements and even to plan roadways better. The government lacks expertise and, even though they have started hiring foreign agencies, the execution gets stalled. We will enter as a third party and support the government with our plans and ideas.
What is the level of interaction between the CMDA and CREDAI?
Anything that is passed by the CMDA is sent to us for approval. We review the various Bills and Acts and give our analysis. The recently enacted Registration Act was closely monitored by us, and the new guidelines were reviewed by our board of experts.
The delay in building approvals this year is costing both end-users and builders. How can CREDAI help?
Over the last decade, our members are suffering from want of approvals. Our internal panel will scrutinise the files that have to be submitted and certify the plans before they are put on the table of the authorities. We realise that the real estate community needs a permanent solution to this problem and our long-term goal is to create a single-window clearance system. CREDAI wants to not only help builders to sell better but also help end-users to have a hassle-free buying experience.
How does CREDAI plan to educate and help end-users?
Informing the public about how approvals happen and which areas are forbidden from building is going to be done through regular interactions with the media. No matter how much buyers look for information online and take advice from professionals, they always lack the right kind of information. The Archaeological Survey of India has marked certain areas as restricted for building and sometimes the buyers are unaware of this. CREDAI’s data centre will update itself with such information and help the public.
