CM Jagadish Shettar inaugurates 2-day CREDAI exhibition

CM Jagadish Shettar inaugurates 2-day CREDAI exhibition

Mangalore Today News Network

Mangalore, Aug 25, 2012: Jagadish Shettar, CM of Karnataka, inaugurated the 2-day real estate exhibition ‘Statecon 2012’, organized by Conference of Real Estate Developers Associations of India (CREDAI) on Aug 25, Saturday at the Dr. TMA Pai International Conventional Centre. 

Balakrishna Hegde, member of the national executive committee of CREDAI, delivered the keynote address. Voicing his opinion that houses ought not to be taxed heavily, he said that the government charges 45 percent house tax, which is paid by builders.

 

 

Comparing Indian economy to other economies, he also spoke of the various problems faced by builders just to start a building project. He urged the government to simplify tax structure to make things easier for the building industry. 

Speaking about the problems of the real estate industry and its contributions to the national economy, Sushil Mantri said that developers face several tax problems and urged the government to assign a single agency to grant permissions for projects. 

CM Jagadish Shettar congratulated CREDAI for organizing this convention and said that the government is mulling over earmarking more funds on housing. Further, he said that the government has already earmarked over Rs. 19,065 crore for infrastructure development in various sectors, adding that this constitutes just 20 percent of the budget. Regarding the state budget, he said that the government will work with CREDAI for the progress of the housing infrastructure. 

Speaking on the occasion, Suresh Kumar said that the state government will hold serious discussions with CREDAI regarding the issue of single window agency, stating that this is the reason for delays in getting an approval for a building project. 

Topics such as affordable housing, skill management and development, and green sustainable development will be discussed at the convention. The real estate exhibition will showcase the products and services of top builders and financial institutions such as K2 Infrastructures, Property Infratech, Corporation Bank, Northern Sky Developers, Shakthi Developers, and others. 

Housing and Urban Development Minister Suresh Kumar, Higher Education Minister C. T. Ravi, MLA Krishna Palemar, MLC Ganesh Karnik, Mayor Gulzar Banu, Convention Chairman K. C. Naik, Deputy Speaker Yogish Bhat, CREDAI President P. M. A. Razak, CREDAI Secretary Pushparaj Jain, MLA Nalin Kumar Kateel, State CREDAI President Susheel Mantri, and others were the dignitaries on the dais.

 

The convention will be held on August 25 and August 26 and will include several discussions and talks by internationally acclaimed speakers.