Blacklist realty’s black sheep: Governor C Vidyasagar Rao
He also asks the developers body to think about affordable homes in the city
Governor C Vidyasagar Rao has asked the city’s apex body of developers, CREDAI-MCHI, to blacklist black sheep in the profession and stick to time lines scrupulously.
While speaking at an awards ceremony hosted by the developers’ body at NSCI in Worli, Rao said, “I want each one of you to give confidence to customers. Time lines must be observed scrupulously, There are black sheep in every profession. Those cheating customers must be blacklisted. I appeal to MCHI to create customer awareness on these issues and promote ethical behaviour among members. FDI is coming to the real estate sector in a big way, It is high time that Indian real estate get more competitive by laying thrust on quality, excellence and affordability. It should invest in innovation.”
He also asked the developers body to think about affordable homes in the city. Citing a report, he said, “It is a fact that nearly 40 per cent of Mumbai’s population resides in slums. The solution lies in promoting affordable housing and smart redevelopment of existing spaces.”