Reality Bytes

Reality Bytes

01 Jan, 2014

Credai (Confederation of Real Estate Developers Association of India), the apex body of Developers in India with more than 9000 members and presence in more than 137 cities organized the conclave on 13-14 December 2013  in New Delhi on the theme" Housing: The Game Changer, leading to double digit GDP Growth"

SG Estates Ltd. is a proud member of Credai since 2008 and was also one of the sponsors of the event. Mr. Gaurav Gupta, Director SG Estates, participated very actively in the organizing committee of the conclave as the convener of the PR under the leadership of Shri Lalit Jain, Chairman Credai and Shri Getamber Anand, President elect.

Conclave was attended by various eminent politicians and speakers  like Shri Rajnath Singh, Shri Venkaih Naidu, Smt. Girija Vyas, Shri Rajiv Shukla, Shri KC Tyagi amongst others. Amongst the various issues discussed, consensus was reached that for the economy to rebound and country's GDP to Grow, Real Estate industry must be given the due support like rationalization of taxes, single window clearance system, speedy approvals as it is the second larger employment provider after the Agriculture sector. Affordable housing and development of EWS/LIG units is the thrust area to address the shortage of housing as more than 90% of the housing shortage exists in this category. Also it was largely accepted that Government at large has failed to address the housing needs of the country and requirement is largely met by the private sector only.

Leaders from various political parties committed to extend their support to the industry if they are voted to power in the coming General  Elections 2014. Gopal Mittal, GM, SG Estates Ltd.

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