CREDAI unhappy with govt’s reservation on LIG housing
CREDAI, the realty developers apex body was quite unhappy and resented against the Union Government’s decision of proposing the mandatory reservation of 35% of dwelling units built for the economically weaker sections (EWS).
The CREDAI memorandum addressed to Union Minister for Housing and Poverty Alleviation, Mr Ajay Maken that such a drive without any incentives to the developer community will only burden the open market buyers especially the middle income group who will be forced to cross-subsidise the LIG or the EWS.
Concerning the housing industry, CREDAI, which has around 8,800 members across India and being the largest representative body of the developer community has taken time to discuss these issues.
CREDAI, CREDAI memorandum, Economically weaker sections (EWS), Realty developers, Union government, Union Minister for Housing and Poverty
