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National: CREDAI resents proposal for reservation for EWS

The Confederation of Real Estate Developers’ Associations of India (CREDAI) expressed resentment amongst developers regarding a proposal made by Ajay Maken, the Union Minister for Housing and Poverty Alleviation.

As per the proposal as much of 35 percent of housing units must be reserved for the economically weaker sections of society. This is because such a step may result in a fall in the housing stocks. Moreover, as high rising building often raise the overall cost due to extra maintenance charges, it would be difficult for economically weaker sections of society to bear such costs.

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