PUNE: More than 450 real estate developers participated in a two-day training programme which the Confederation of Real Estate Developers Associations of India (Credai), Maharashtra organized at Lavasa on Friday and Saturday. Members expressed their anxiety over negative policies of the government which delay completion of residential projects and add to the cost of homes.
Well known developer Niranjan Hiranandani told the members that they should now consider places such as Solapur, Sangli and Satara for development. "Certain environmental policies are turning good projects into bad ones due to which builders are victimized. It is important that developers come together and fight these issues collectively," he said.
Ajit Gulabchand, Chairman, Hindustan Construction Company Ltd. - the developers of Lavasa - said, "India has an uphill task of matching the progress made by European countries. We need to do in 40 years the infrastructure development done by other countries in 100 years, considering the urbanization pressure in India. The migration from villages to cities should be seen in a positive light as it indicates a growing need of people towards better life, better opportunities. In such cases, it is important to emphasize on urban or city development."