Raipur: CREDAI honored Chief Minister Mr. Bhupesh Baghel for his favorable decisions to get the real estate sector out of recession

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CM participates in STATCON-2023 organized by CREDAI on the theme ‘Growing Chhattisgarh’

Chhattisgarh witnessed boom in every sector due to continuous flow of money in the hands of the people – Chief Minister Mr. Bhupesh Baghel

Raipur. 21 August 2023

CM participates in STATCON-2023 organized by CREDAI on the theme 'Growing Chhattisgarh'CM participates in STATCON-2023 organized by CREDAI on the theme 'Growing Chhattisgarh'CM participates in STATCON-2023 organized by CREDAI on the theme 'Growing Chhattisgarh'CM participates in STATCON-2023 organized by CREDAI on the theme 'Growing Chhattisgarh'

CREDAI (Confederation of Real Estate Developers’ Associations of India) has honored Chief Minister Mr. Bhupesh Baghel for the decisions taken by the state government to bring the real estate sector out of recession and to make it easier for people to purchase houses and plots. Chief Minister Mr. Baghel was honored at the STATCON-2023 organized by CREDAI Chhattisgarh on the theme of ‘growing Chhattisgarh’ in Nava Raipur today. The Chief Minister launched the CREDAI Chhattisgarh App in the programme. He also installed the youth wing of CREDAI at Bhilai, Durg and Bilaspur. Housing and Environment Minister Shri Mohammad Akbar also participated in STATCON-2023. 

Chief Minister Mr. Bhupesh Baghel while addressing the Statcon-2023 said that the Chhattisgarh government has taken practical decisions continuously for the benefit of the people by being alert. The state government has put one lakh 60 thousand crore rupees in the pockets of the people of the state through various schemes. With money in the hands of the people, there has been a boom in every sector here. After the lock-down during the Corona period, Chhattisgarh was the first to resume work in industries and factories in the entire country. He said that funds were made available to farmers through the Rajiv Gandhi Kisan Nyay Yojana and laborers through MNREGA even in the midst of difficult circumstances during the Corona period. Unlike other states, there was no cut in the salary of government officials and employees, they got full salary. In this way, as people of every class had money, there was an increase in business and trade in every sector. The real estate sector also got its benefit.

Chief Minister Mr. Baghel said that the reduction in the guideline rates of land by 30 percent has accelerated the buying and selling of plots. Due to more registry, the revenue of the government increased. Removal of restriction from registry of small plots and reduction in guideline rates increased the revenue from it from Rs 1100 crore to Rs 1500 crore. He said that real estate has been a major part of India’s economy. demonetisation, There was a recession in this sector due to the Corona epidemic and lock-down. The Government of Chhattisgarh took favorable decisions to bring this sector out of recession and provide relief to the people. Soon the real estate sector started galloping leaving the recession behind. He said that the work of Aero City and Whole-Cell Corridor will start soon in Raipur, which will strengthen the trade and business here. In the program, on the demand of CREDAI, the Chief Minister talked about the requirement of colonizer license to be tested after the implementation of RERA Acts in the state. He also talked about preparing guidelines for real estate for rural areas like urban areas.

Addressing Statcon-2023, Housing and Environment Minister Mr. Mohammad Akbar said that nature has given a lot to Chhattisgarh. There are minerals like coal, iron, bauxite, abundant forest wealth, fertile land, sufficient water, cheap electricity. We are continuously moving forward under the leadership of Chief Minister Mr. Bhupesh Baghel. To give impetus to the real estate sector in the state, favorable decisions have been taken. He also asked CREDAI to take initiative to fulfill the dream of housing for low income people. 

CREDAI’s National President Mr. Manoj Gaur expressed his gratitude to the Chief Minister Mr. Bhupesh Baghel for the decisions favorable to the real estate sector in the programme. He said that the single window clearance system started here for colonizers and developers has speeded up the proceedings related to it and the work has started getting done smoothly. President of CREDAI Chhattisgarh Mr. Sanjay Raheja said that whenever we have gone to the Chief Minister regarding the problems of the real estate sector, we have received full cooperation from him. Due to the decisions taken by the state government on his initiative, there has been unprecedented progress in this sector. The state has achieved new heights in the last three-four years in many sectors including real estate, energy, forest produce and agriculture. National Secretary of CREDAI Shri G. Rama Reddy, Mr. Shantilal Kataria, Member of the Executive Committee,