CREDAI discusses with CM Vijay issues concerning real estate sector in Tamil Nadu
A delegation from CREDAI met with Tamil Nadu's Chief Minister to discuss challenges in the real estate sector. Key issues included delays in project approvals and the impact of the Ramsar notification on landowners. The delegation emphasized the need for faster clearances and improved public transport to support growth.
- ▪CREDAI representatives highlighted that eliminating corruption could boost investment in Tamil Nadu's real estate sector.
- ▪The Ramsar issue has affected approximately 8,000 acres of patta land and over 1.5 lakh patta holders.
- ▪The Chief Minister instructed officials to address the concerns raised by CREDAI regarding the Ramsar notification.
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With Tamil Nadu’s real estate sector eyeing its next phase of expansion, a delegation from the Confederation of Real Estate Developers Associations of India (CREDAI) met Chief Minister C. Joseph Vijay on Wednesday and discussed issues pertaining to the sector.“Eliminating corruption will significantly boost investment in the State. We discussed several issues concerning our industry, particularly delays in approvals. Faster clearances through an effective single-window system will lead to quicker project execution and faster development. We also discussed the city’s infrastructure needs and emphasised the importance of strengthening public transport connectivity to support future growth.” Mehul H. Doshi, President, CREDAI, Chennai, told The Hindu.“We represented about the Ramsar issue.
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