Members of the Confederation of Real Estate Developers’ Association of India (CREDAI) will be taking part in a nation-wide strike on Tuesday, and property registrations and all construction activity by members are likely to be affected.
The strike comes on the heels of a member committing suicide in Thane, on October 7 citing harassment by government departments. Suraj Parmar of Cosmos Group left a suicide note in which he had cited delays in approvals, rejection of plans with retrospective effect, political interference and government delays in approvals as some of the reasons that led him to take the extreme step. A statement from CREDAI said all offices, sales offices, registration and activity would be closed on Tuesday. A single-window clearance system and faster government approvals, all long-standing demands of the real estate sector, were ignored in this year’s budget, leading to disappointment for the industry.
Members will gather outside Town Hall at 10.45 a.m., the statement said.
Property registrations and all construction activity by members are likely to be affected today
