Provide affordable housing in capital region: CRDA chief

The fifth property show of Andhra Pradesh Real Estate Developers Association offers a wide choice to prospective buyers

Capital Region Development Authority (CRDA) Commissioner N Srikanth inaugurated the fifth property show of Andhra Pradesh Real Estate Developers Association (APREDA) at the A Convention Center on Saturday. Speaking on the occasion, he underlined the role of realtors in construction of a world class capital city for Andhra Pradesh.

“A majority of people have a negative opinion on the real estate industry. Realtors should focus on transparency in their business, besides laying emphasis on quality of standards in execution of their housing projects and other ventures to win the trust of people. The APREDA should take up affordable housing projects in the capital region to enable the common man to realise their dream of owning a house,” he said.

“Realtors taking up development projects in the capital region should strictly abide by the provisions of the Capital Region Development Authority (CRDA) Act. There is a need to organise special sessions to create awareness among realtors about the provisions of the CRDA Act to ensure that they strictly abide by it in execution of their projects in the capital region,” Srikanth added.

APREDA State president G Hari Babu said the association with 515 members had a code of conduct. It was committed to maintaining quality standards in execution of housing projects. “The two-day property show showcasing the ongoing projects of APREDA members will be helpful to prospective buyers to take a wise decision to invest on property. They can choose a flat or an individual house within their budget to realise their dream of owning a house. The LIC Housing Finance Limited is offering spot loan facility at the show,’’ he said.

Actor Srikanth said it was the right time for people to invest their hard earned savings on property to get good dividends. “A visit to the property show would make them aware of various options as several builders and real estate developers showcased their housing projects at the event. The APREDA should promote awareness among people about its housing projects to protect the prospective buyers from falling victims to fake and fictitious real estate companies,” he said.

Chess Grandmaster Koneru Humpy, actor Ali and others also spoke at the event. As many as 54 stalls have been set up at the show. Banks, financial institutions and electrical equipment manufacturers also showcasing their products. Mayor Koneru Sridhar, APREDA State vice-president Ch Ramesh Babu, secretary N Narendranath Reddy, founder member N Ranga Rao, North Andhra president Chakravarthy, Guntur Chapter president Tirupathi Rao, CII Andhra Pradesh chairman Suresh Rayudu Chitturi, vice-chairman Y Harischandra Prasad, Andhra Chambers of Commerce and Industry Federation president Muthavarapu Murali Krishna, LIC Housing DRM MV Venu Gopal and others were present.