Search This Blog

Thursday, April 24, 2014

New President for CREDAI Chennai

The Confederation of Real Estate Developers’ Association of India’s (CREDAI) Chennai chapter inducted Ajit Kumar Chordia as its new president amid much fanfare at Hotel Hyatt Regency here, in the presence of CREDAI’s India president Shekhar Reddy, recently.
Speaking at the induction ceremony, Reddy congratulated the newly-elected president and the team saying that the conclusion of the elections would give a more focused direction to the real estate industry.
“We anticipate that the new government will give a major thrust to the realty sector. The best way to do it is to declare it as an infrastructure sector. We also expect that the government will institute a simple, transparent, fast, online approval mechanism. The system has been tardy and tortuous making the real estate projects costly as delays cost enormously to the ultimate consumer,” he said.
Meanwhile, the newly inducted president said there were several challenges that the industry itself had to face in the coming months.
He said the real estate business had reached a level of maturity and size, and needed  to keep pace with technology and hone the skills of peers to ensuring a competitive edge.

with thanks : new indianexpress : LINK

No comments:

Post a Comment