Dear friends,
At the 11th NATCON in Singapore I announced, in front of the Honourable Minister of Urban Development Mr Kamal Nath, CREDAI’s firm intention to make a success of The Mission Transparency. I maintain that though the real estate sector is considered to be the breeding ground for corruption, we are the victims and not the beneficiaries of corruption. Having invested heavily in land, developers lose huge sums of money on each day of delay in approvals, which take 2-3 years and involve obtaining over 40 clearances passing through over 150 people. At each stage, people in the system cash in on the desperation of developers. READ
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