Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

3 members are expelled from builders body in Chennai

1 Comment Sub Category:Chennai,Realty News Posted On: May 16, 2012

Three real estate builders DLF, Hirco and Hiranandani, have been removed from the builder’s body, the Confederation of Real Estate Developers’ Association of India (CREDAI) in Chennai.

The builders were expelled as they were opposing to sign the organization’s ethical code of conduct, mandatory for all the 8,600 members spread across 105 cities in 22 states.

As on date, apart from Chennai and Karnataka, Nasik is the only other city where all members of CREDAI are signatories to the code. The expelled members are promoters of mega projects including three integrated townships and an IT SEZ in Chennai and its outskirts.

The revolt had created complication on the organization’s ongoing mission of create greater transparency in the housing industry in India.

CREDAI has promoted the code of conduct two years ago and last year CREDAI national decided to implement it across the country.

Once a builder signs the code of conduct, the customers enjoy the right to drag him to the grievance Redressal forum of CREDAI in case of disputes.

 

More related stories:

Builders decided to pull back all media activity

Code of Conduct for builders for timely completion of Projects

Source: Times of India

One Response to “3 members are expelled from builders body in Chennai”

  1. Shriram says:

    Nice post. House is one of the most important in life, Everyone has a dream to build a own house,for that your blog is very helpful to achieve a dream.

Leave a Reply



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!