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. [Read more…]