JOIN USThe Confederation of Real Estate Developers’ Association of India (Credai) Bengaluru is supporting a strike call by all-India Credai as a mark of respect and solidarity to Suraj Parmar, president of the Thane chapter of Maharashtra Chamber of Housing Industry.
Parmar ended his life on October 7 allegedly due to harassment from various government departments and their repeated demands for bribes.
In a statement, Credai said, “The fight against a corrupt and inefficient government system has led to the loss of our fellow developer, Shri Suraj Parmar of Cosmos Group. He was one of the prominent names in the real estate in Thane region of Maharashtra and had delivered numerous landmark buildings across Mumbai and Thane region. We are extremely saddened and shocked by this incident. As a mark of respect and solidarity to our fellow developer, the late Mr Suraj Parmar, all our member developers will protest with closure of offices, sites office, registration and all construction work on October 13, 2015.”
Bengaluru Credai secretary Suresh Hari said the Bengaluru unit will shut down activity on Tuesday. Parmar’s company, he said, was a zero-debt company and owed no loans to banks. “The very negative government response and pressure from private loan arrangements may have pushed him to the extreme step. We are deeply saddened by Parmar’s loss.”
Developers have to take approximately 54-60 approvals and permissions before starting a project. Each approval necessitates dealing with a number of government authorities. This entire process takes about 2-3 years resulting in cost and time overruns. This is entirely avoidable and a single-window approval has to be brought in, Credai said.