Dear friends,
At the 11th NATCON in Singapore I announced, in front of the Honourable Minister of Urban Development Mr Kamal Nath, CREDAI’s firm intention to make a success of The Mission Transparency. I maintain that though the real estate sector is considered to be the breeding ground for corruption, we are the victims and not the beneficiaries of corruption. Having invested heavily in land, developers lose huge sums of money on each day of delay in approvals, which take 2-3 years and involve obtaining over 40 clearances passing through over 150 people. At each stage, people in the system cash in on the desperation of developers.
Moving towards a solution, CREDAI has created a comprehensive checklist for single window clearance that can aid one single sanctioning authority to give us clearance within 2-3 weeks instead of 2-3 years! We urge the government to conduct a wide consultative process on this and urgently implement such a single window, allowing no states or local governments to add additional clauses along the way. Without doubt, this will increase housing stock by 100%, create 100% more jobs, double revenue and also has a positive cascading effect on all related industries.
After much research, CREDAI’s core team has concluded that this is not a difficult task. Whether the challenge is creating a force of trained people or compiling best practices from states, the concept of single window clearance is tried and tested and can be implemented in months to the benefit of the nation’s economy and image! It is certainly an opportunity not to be missed for a government that is at this time facing accusations of not having a heavy hand with corruption.
At our end, we developers are pushing through our end of the bargain. At the 11th NATCON, the developers present took a symbolic oath pledging to support transparency. What this means is that every developer within CREDAI’s fold has committed to signing CREDAI’s Code of Conduct within three months and mention carpet area in the sale of agreement. Moreover, each city unit of CREDAI will have consumer redressal forum, which has found to be over 90% effective in dealing with consumer complaints at little or no cost.
We met Mr Kamalnath again and his response was positive and he has asked his officers to look into it. We also met Ms Kumar Sheilaja and Mrs.Sheila Dixit, and Both of them have responded very well. We hope to get positive action at their end .
This is the priority agenda for our team at CREDAI at this time. We are doing our bit to root corruption out of Indian real estate and bring in transparency. It is our appeal to the government that they do theirs….
Sincerely,
Lalit Kumar Jain
President, CREDAI
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