Millennium Post

Builders’ body takes tough stand on bribery

Builders’ body takes tough stand on bribery
Hurt by allegations of corruption in the realty sector, CREDAI – the apex body of developers – has asked its about 10,000 members not to pay bribe to officials for getting project clearance.

'We have had enough of these charges that builders breed corruption,' Confederation of Real Estate Developers Association of India [CREDAI] President Lalit Kumar Jain said in a statement. He was addressing the CREDAI's national convention at Barcelona that concluded on Thursday.

'Launching an all out war on corruption, developers' apex body CREDAI has called upon its 10,000-strong members to stop paying bribes to officials for getting clearances,' the statement added.

Jain said that a survey was conducted among the developer community on saying flatly 'No' to corruption. Many members positively reacted and some said: 'Together, we shall'.

'We take 18 to 36 months from change of land use to commencement of work and these delays contribute up to 40 per cent of the sale price. I have heard stories of developers' exploitation and how the corruption has reached its pinnacle,' he observed.

Jain urged developers to gear up and resist all kinds of exploitation and demands for bribes, expose bribe seekers and even move courts with writ petitions and complaints.    
PTI

PTI

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