Industry Perspective

CREDAI Shouldering Real Estate’s Social Role

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CREDAI, Chhattisgarh is forming a Corporate Social Responsibility Trust Fund for the first time. It has come forward to develop the skills of children, launched various social events and provided scholarship to students so that they can afford technical studies, says Shailesh Verma, President of Confederation of Real Estate Developers’ Associations of India (CREDAI), Chhattisgarh, in conversation with Arpit Gupta of Elets News Network (ENN).

Shailesh Verma

Shailesh Verma
President of Confederation of Real Estate
Developers’ Associations of India (CREDAI),
Chhattisgarh

What is CREDAI’s vision for Raipur as a Smart City? Which initiatives are you planning to undertake?

The primary vision is implementing more advanced technologies for Solid Waste Management and Sanitisation. Most of the cities in India are facing this challenge. If we are able to achieve a solution for managing these two, we will definitely go ahead in making our cities smart in Chhattisgarh. We are already in the process of developing a well-planned city with a systematic traffic system and more greenery for a Smart Raipur.

“The objective of CREDAI 2017 is to bring a breakthrough in real estate sector by making common man’s dream come true. We aim to bring total transparency in real estate business so that the developers and buyers maintain a healthy relationship.”

How do you plan to be a part of government’s ambitious “Housing for- All by 2022” programme?

Housing-for-all by 2022 is indeed a vital government step, although Chhattisgarh has been working on the same mission since a long time. CREDAI will always act as the prime body to implement such missions by bringing more affordable housing projects throughout Chhattisgarh and by providing subsidies under Pradhan Mantri Awas Yojna.

How do you perceive Real Estate Regulatory Bill and GST Bill?

How will it help Real Estate Sector? With Real Estate Regulatory Bill implementation, illegal constructions, plotting issues, occupancy and ownership will be stopped forever. Hence, the common man will be benefited the most by getting more transparency and project evaluation will become easier for them. It will help real estate sector by increasing more avenues for better living standards from all sections of the society. However, due to stringent rules and regulations certain challenges are also raised before the developers for which CREDAI and the Regulatory body of Real Estate Regulation Act (RERA) will support both developer and customers from time to time.

This is the first time CREDAI Chhattisgarh is forming Corporate Social Responsibility (CSR) trust fund, how do you perceive it?

Yes, it is for the first time CREDAI Chhattisgarh is forming CSR trust fund. We, the developers, are actually the developers of the next advanced generation by contributing to the society. So we thought we must also come forward to develop the skills of children, launch various social events and provide scholarship to students so that they can afford technical studies. CREDAI Chhattisgarh will also initiate various social activities for the betterment of Chhattisgarh and Raipur City.

How is technology helping the real estate sector and what initiatives have been taken to ensure transparency between the buyers and developers?

Technology is helping real estate sector to grow faster with a better quality each day. RERA Bill itself makes it mandatory to adopt better technology. Today, we have many technologies for a single work of construction which were earlier unheard of. CREDAI will help educate developers and buyers regarding enhanced quality-oriented technologies and RERA. So that both the parties get benefitted. CREDAI will now primarily focus on the eradication of mental blockage within buyers that developers are never transparent.

Real Estate’sWhat are the key objectives of CREDAI for 2017?

The CREDAI 2017 aims to bring a breakthrough in real estate sector by making common man’s dream come true. We aim to bring total transparency in real estate business so that the developers and buyers maintain a healthy relationship. We hope to foster the youth of this State to construct a better nation for themselves and coming generations.

CREDAI recently launched its first all-women mason-batch under its skill development initiative for extending support to the UN’ “He For She” campaign. Please elaborate on this.

The Corporate Social Responsibility (CSR) trust fund of CREDAI which we have initiated this year in Chhattisgarh will play a major role because we will definitely provide more preference for skill development, hygiene, health and safety of women.

CREDAIThe SBI and CREDAI had recently signed a Memorandum of Understanding (MoU) to work towards providing housing for all, how important is the collaboration with banks for future cities?

This is a phenomenal achievement towards providing housing for all. I believe all financial organisations must volunteer in such MoUs nationwide. After the implementation of RERA, developer actually needs financial reinforcement to abide by the rules and regulations as well as fulfil his commitment to buyers. With such alliances, financial institutions and banks can lead to revolutionary changes in real estate sector by bringing advanced technology and skills to this industry.

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