The unavailability of adequate space for taking up development activities, particularly related to road development, has become a major concern for the government and the city Corporation, Mayor K. Chandrika said here on Tuesday.
She was addressing a gathering after releasing the logo for a property show to be held by the Thiruvananthapuram chapter of the Confederation of Real Estate Developers’ Association of India (CREDAI). Taking into account the geographical constraints, it was difficult to initiate major development works and road expansion was the worst hit, she said.
State chairman of CREDAI S.N. Raghuchandran Nair said while builders welcomed the government move to establish a regulatory authority for real estate business, it would oppose the decision in case it was implemented by the back door without holding consultations with the stakeholders.
The property show would be held from August 9 to 11 at the P. Subramaniam Hall, Trivandrum Club, at Vazhuthacaud. More than 20 builders would participate in the show. Canara Bank, which is the main sponsor of the event, would also put up stalls.