Written by: Express News Service
3 min readPuneAug 7, 2010 03:46 AM IST
First published on: Aug 7, 2010 at 03:46 AM IST
Mayor Mohansingh Rajpal has said that builders should play a more pro-active role in developing facilities for recycling of water,rainwater harvesting,sewage treatment as this will help reduce the load on Pune Municipal Corporation. “In return,the PMC offers a 10% reduction in property tax that will make a project more attractive to buyers,” he said,while inaugurating the property exhibition series of CREDAI,Pune,VITS Hotel,Balewadi,on Thursday.
The mayor said,“The young generation of builders is doing a lot of good work for the city. Pune needs more and more young people in the process of development of the city,” he said.
Shantilala Kataria,vice-president,CREDAI,Pune said a move was initiated about five years ago. “Even before the government came out with sops for green initiative,Pune’s builders took it upon themselves to develop such projects.”
Kataria said “This is on account of shortfall of land availability. CREDAI,Pune,has made a representation to the urban development secretary TC Benjamin to make more land available by applying the same parameters of redevelopment for wadas and old city areas as they have done in Mumbai. The development plan has not been approved leading to hold up of more land that can be developed.”
Anuj Bhandari,exhibition committee chairman,CREDAI,said,“We feel the stock of good quality housing is less compared to the demand. People are now more confident of the economy and there has been more demand in the realty industry. CREDAI recently did a survey that showed the average ticket size was Rs 3025 per sq. feet. But supply is not able to keep pace with the demand.”
Mayor Rajpal told CREDAI members the development plan would be passed before October 15. “I can assure you the plan will be passed before Diwali. Whatever is required for the betterment for the city,I am ready to do.” The mayor asked CREDAI members to explore ways in which tourism can be increased in the city and assist the PMC to develop projects such as cleaning up the river,development of a world class exhibition centre,museums and malls.
The CREDAI,Pune,exhibition is from August 6 to 8. Projects on display cater to 1BHK to 5BHK flats,bungalow plots,pent houses,farmhouse plots covering all areas in PMC and PCMC.
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