Minister for Information and Urban Development Parithi Ilamvazhuthi (fifth left) received the first copy of Confederation of Real Estate Developers' Association of India's directory released by Prakash Challa (second right), Vice President , CREDAI, Tamil Nadu, at the launch of its Coimbatore, Madurai and Trichy regional chapters in Coimbatore on Friday. (From left) S. Seetharaman, President, CREDAI-Madurai, Ramesh Bafna, President, CREDAI-Coimbatore, Corporation Commissioner Anshul Mishra, Director of DTCP Pankaj Kumar Bansal, Rural Industries Minister Pongalur N. Palanisamy, Chairman of CREDAI-India Kumar Gera, President of CREDAI-Tamil Nadu T. Chitty Babu and President of CREDAI-Trichy, V. Gopinathan are in the picture.
Minister for Urban Development Parithi Ilamvazhuthi urged property developers to abide by the building rules.
Speaking at the launch of Coimbatore, Madurai and Trichy chapters of Confederation of Real Estate Developers' Association of India (CREDAI) here on Friday he said the confederation had a code of conduct for its members to follow. The State Government had taken several measures for the benefit of the sector and the consumers. It had brought out the second Master Plan for Chennai, delegated powers, simplified the rules and developed and implemented Master Plan for several other cities.
As population increased, urbanisation was inevitable. Nearly 40 per cent of people lived in urban areas now. Basic infrastructure should be improved as the number of people living in urban areas was expected to increase.
The need for Coimbatore Development Authority would be represented to the Chief Minister, he said.
Minister for Rural Industries and Animal Husbandry Pongalur N. Palanisamy said the real estate sector was growing now. The CREDAI planned to take up research works related to the construction sector.
Quality and cost were important for the growth of the sector. It was important to bring in modern technologies. In Coimbatore, the population was growing and there was a need for a Coimbatore Development Authority.
Pankaj Kumar Bansal, Director, Directorate of Town and Country Planning, said the Government had taken several measures related to urban development. It recently announced common Development Control Rules for nine corporations in the State. Those who went to the Local Planning Authority (LPA) for approval were now given a check list and approvalswere given at the LPA level in 30 days and at the head quarters in 45 days.
Commissioner of Coimbatore Corporation Anshul Mishra spoke about the need to abide by the existing rules.
Chairman of CREDAI Kumar Gera said the importance of real estate development in the country would continue to grow.
Urbanisation was happening in a big way. Cities were growing and the economic future of the country would be dependent on urban cities.