According to some industry leaders the law is proposed to regulate the development of the real estate sector of India and it must address the interests and responsibilities of all stakeholders. A consensus on this was established ihttp://www.blogger.com/img/blank.gifn a meeting of the Confederation of Real Estate Developers Association of India (CREDAI) at its 11th national convention on this Friday. The meeting which was of 2 days was inaugurated by the Union Urban Development Minister, Mr. Kamal Nath on Thursday and presided by the Confederation of Real Estate Developers Association of India (CREDAI) chairman Mr. Pradeep Jain and President Lalit Kumar Jain.
Other main key speakers in the event included CREDAI secretary T. Chitty Babu and the Vice President Mr. C. Shekhar Reddy. The secretary observed that the draft bill initiated by the centre primarily focuses on the responsibility of the real estate developers. He also emphasized that the new law should be comprehensive in scope to include all the stakeholders. The stakeholders in the real estate sector apart from the government and the local authorities, who possess the power to grant approval for the construction and legalization of the project, included the real estate developers, the buyers of homes and offices and agencies carrying out the business of funding such projects. According to him all these stakeholders must be held accountable under any legislation for the proper administration of the real estate sector.
Other main key speakers in the event included CREDAI secretary T. Chitty Babu and the Vice President Mr. C. Shekhar Reddy. The secretary observed that the draft bill initiated by the centre primarily focuses on the responsibility of the real estate developers. He also emphasized that the new law should be comprehensive in scope to include all the stakeholders. The stakeholders in the real estate sector apart from the government and the local authorities, who possess the power to grant approval for the construction and legalization of the project, included the real estate developers, the buyers of homes and offices and agencies carrying out the business of funding such projects. According to him all these stakeholders must be held accountable under any legislation for the proper administration of the real estate sector.
No comments:
Post a Comment