In the last five years, real estate sector is evolved to a greater extent. CREDAI has been continuously promoting professionalism, transparency and customer-centricity. CREDAI has 11,500 members across 168 cities bounded by a strict code.
CREDAI Conclave 2017, was held at hotel Taj Palace, New Delhi CREDAI- (Confederation of Real Estate Developers’ Associations of India), at which they announced their annual eminent summit document. Inauguration ceremony was decorated with many chief guests. Hon’ble Minister for Urban Development and Housing and Poverty Alleviation, Mr. Venkaiah Naidu, inaugurated the ceremony and made many useful announcements. The ceremony was held in presence of Sadhguruji and was also attended by Hon’ble Minister for Skill Development & Entrepreneurship, Mr. Rajiv Pratap Rudy, CREDAI members, real estate experts, and financial institutions alongside the leaders of premier banks.
Talking about Pune area, there an upsurge in the real estate sector since last five years. There was a time when buying a flat in Pune was quite an adventurous thing for middleclass people. But due to repeated inflation and price hikes, middle class people had to think deeply before investing in the real estate. Now as the prices of housing went down, because of demonetization, real estate developers in Pune are coming up with the affordable priced homes/ flats.
The CREDAI Conclave 2017 summit was particularly held for elimination of backdrops in the economic and policy environment. “Change, Opportunity and Policy” was the theme of this year’s conclave summit. CREDAI believe that changes in the economy and policy would benefit the real estate industry. The conclave was strongly supported by demand of consumers, increasing trust of consumer and government policies. Most predominantly, digitization of payments and Taxes together pose strategic and operational challenges.
Real Estate sector’s contribution in India’s GDP is approximately 6%. Nearly 20 crore Indians are dependent on the real estate sector for livelihood. To make the act successful CREDAI is going to be formally compliant with RERA.
At inaugural ceremony Hon’ble Minister of Urban Development, Housing and Poverty Alleviation Mr. Venkaiah Naidu started from stating that new government policy will bring a change in economy, “RERA and GST will create the perfect economy by eliminating the issues.” He also expressed his thoughts on infrastructure status and affordable housing projects for middleclass that, “The new ‘Benami (Prohibited) Transaction Amendment Act’, will help the vision.” Another concern of this sector has been approvals. He stated that the ministry is proposing some recommendations for the PM’s approval to work on it.
“All real estate transactions need to be made digital, a healthy practice that will make it possible for banks to disburse housing loans.” He also added, “We are also working on a policy of incentives and disincentives. States working in compliance with reform measures like accountability, transparency, swift approval will be given additional money under allocation.”
Most of the builders in Pune like Venkatesh Oxy Group are in link with Federation of real estate developers in India, which makes itself a trustworthy developer in Pune.
Pune is the city at the height of development and now getting global reorganization. Investing in Pune will definitely make your future secure. Announcements as stated above by Hon’ble Minister Mr. Venkaiah Naidu, is a boon for developers and buyers. After demonetization this is another relief for the middle class people. If you want to invest your money in the real estate of Pune area, then Venkatesh Oxy Group Pune can be a best option for you.
Courtesy: realtyfact.com & CREDAI
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