CREDAI affirms revival of GDP growth by 1-1.5% if impetus is given to meet housing shortage by creating and facilitating home ownership

Hi,

 

In the countdown to the Union Budget, the second biggest industry in India represented by CREDAI has put forth recommendations for forthcoming year on the twin themes of affordable housing and slum redevelopment which would fuel the largest common Indian dream – own a home.

 

The recommendations put forth by CREDAI, the widest consensus of real estate developers in India, are very much aligned to the announced objectives of the Central Government on using infrastructure development to revive the economy. The real estate industry believes that it has the potential to play the role of the steam engine basis the fact that real estate sector alone can add to the GDP bottom-line by 1-1.5% if efforts are made to reduce the shortage of urban housing while moving towards a slum free urban India. The expectations recently shared in a pre-budget memorandum to the Govt of India are also derived from the prioritisation of affordable housing aforementioned in the Deepak Parekh Task Force Report constituted by the Ministry of Urban Development and Poverty Alleviation.

 

Enclosed below are recommendations put forth by CREDAI:

 

1. Recommendation I: Affordable Mass housing
2. Recommendation II: Slum Redevelopment
3. Recommendation III: Easing norms on self occupies residential house property
4. Recommendation IV: Incentives for Senior Citizens

Attached with this mail is a press release for your perusal. Kindly go through the same and let us know if you would like to do a telephonic or email interaction with Mr. Santosh Kumar Rungta, President – CREDAI.

 

Waiting for your response - either ways.

 

Thanks and Regards,

 

Ankush R. Chavan.

Telephone - 022 24216746/48.

Mobile -  09869785684.

The Science of Image Management
Ankush Chavan Senior Media Executive	Perfect Relations Ltd. 322, Mhatre Pen Bld., B-Wing, Senapati Bapat Marg, Dadar (W) Mumbai - 400 028.
achavan@perfectrelations.com   http://www.perfectrelations.com	Tel: 22-24367155 Fax: 22-24384564 Mobile:  9869785684