Confederation of Real Estate Developers Association of India (CREDAI) has launched an all-out war on corruption and developers and has called upon its strong members not to pay bribes to get clearances. Mission transparency launched by CREDAI has been accepted well and a lot of developers across the country have accepted CREDAI’s code of conduct for themselves.
Various state and city units of the industry body are setting up consumer grievance cells to proactively settle disputes outside court. Governments in Karnataka, Andhra Pradesh and Chhattisgarh have started moving to set up single window system building clearances. Hailing amendments made in the real estate regulatory bill, CREDAI said that the proposed law would help in the growth of the realty sector but demanded a relook at the clause that includes the ongoing projects.
CREDAI, Chennai has decided to oppose corruption with the aim to reduce cost and increase the ease of doing business in the city. The move was taken after witnessing the seeking of approvals for building plans. Suresh Krishen , who was recently appointed as the new president of the developer body, shared that the benchmarks have been set and initiatives such as transparency and ethical code of conduct have been taken while unveiling next 10 years CREDAI’s documents.
He further added that the five point vision plan calls for harmony among the members, ensure each home buyer buys properties from members of CREDAI, the involvement of policy level initiatives will make CREDAI a brand. In addition the motto ‘buy with trust, live with confidence’ will help the sector in the long run.
Demand on administrative reforms has been put forth by CREDAI to keep a check on corruption. CREDAI is an apex body for the private real estate developers in India. All CREDAI members want transparency and an ethical code of conduct followed, Manoj Gaur president for NCR-Delhi said that our theme ‘skilled India, clean India and strong India’ resonates for developing housing and habitat and total transparency.
The vision and mission of CREDAI is to be an organization of developers with high degree of integrity, to harness the credibility to gain respect from every stakeholder, to assist the government to achieve housing surplus status, to create urban infrastructure to increase GDP, and now it has launched its new program to have transparency and say no to corruption which in the long run will be beneficial to both the developer and the buyer.
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