CREDAI for maintaining equilibrium between public and realtor

by Paul Joseph on June 6, 2013 · 0 comments

CHENNAI: Proposed Real Estate Regulatory Bill should maintain “equilibrium” between the realtor and the public besides regulating the entire industry, industry body CREDAI said today. “..from industry perspective it is important that the Bill maintains equilibrium between the developer’s community and end users,” Confederation of Real Estate Developers Association of India (CREDAI) National President C Shekar Reddy said in a statement. However, he cautioned some provisions in the Bill were required to be modified otherwise it would result in “substantial increase” in the cost to buyers and shatter the dream of ‘housing for all”. “It will also impact the affordable housing initiative”, he said. To make the regulation effective, the

[via India Properties – Real Estate India – Indian Property News Site]

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