Chennai clampdown made them blame CREDAI
Chennai Metropolitan Development Authority close scrutiny of building plans and completion certificates has hit affordable housing projects in the city. The clampdown followed the collapse of an under construction 11-storey building in Chennai’s Moulivakkam area in which more than 60 people were killed. It is indeed a knee jerk reaction by the planning authority said R Kumar of the Confederation of Real Estate Developers’ Associations of India (CREDAI), in Chennai.
But the CMDA has no other option when everybody points fingers at them. Kumar, formerly with the CMDA and now managing director of Navin Housing in Chennai, was of the view that a bottleneck has been created due to delays in approvals.
Some other builders around Chennai agree that the backlog of pending clearances for affordable houses is rapidly building up. An official at the registration department, who did not wish to be named, said there is a dip in home registrations compared with last year.
This problem that has come up for the CREDAI is causing them a lot of trouble. They have to immediately work it out.
Source: The Economic Times
Affordable housing projects, Chennai, Chennai Metropolitan Development Authority, CMDA, Confederation of Real Estate Developers' Associations of India, CREDAI
