Acknowledging the developer community’s role in the economic growth of MMR in particular and Maharashtra in general, Chief Minister Prithviraj Chavan stressed that his government accords top priority to affordable housing.
Addressing a delegation of MCHI-CREDAI, the developer community representative, yesterday at Sahyadri Government guest house, Chavan said his government realizes the critical importance of the real estate sector in the growth of the state.
He said he was aware of the issues being faced by the developer community and promised to look into each of them. He has assured that high priority would be given to the issues and that solutions would be found in a time bound manner.
Briefing media on the meeting, MCHI-CREDAI, President, Paras Gudecha said The Chief Minister gave us a patient hearing. “Now, let us hope that all burning issues related to realty sector would be addressed by the government in a phased and quick manner.”
“Yes, we have briefed the honorable Chief Minister on the urgency in dealing with the various critical issues and sought clarity from the government,” said Boman Irani, Secretary of MCHI-CREDAI.
“In line with our customer-centric approach, we have discussed the issues with Chavan, “he added.
Making a detailed presentation, MCHI-CREDAI called for speedy approvals of real estate projects since delays are contributing to rising cost of properties. It also reiterated its suggestion for a single window system of clearances to speed up the process.
The organization also focused on the affordable housing and said the developers would like to play a meaningful role in creating mass housing to enhance supply of housing stock which is bound to have a positive impact on the prices for the benefit of the common man.
Post the meeting with the Chief Minister, MCHI-CREDAI is now hopeful that the issues related to the real estate will be resolved soon so that the real estate industry will be able to contribute handsomely to the region’s economic growth.
Estimates are that real estate contributes 7% of the GDP.
