Kumar, 1982 batch IAS officer who also took charge of YEIDA as CEO, aims to develop the region as major industrial hub.
The Chairman, in his first interaction, said that the creation of three authorities had taken place to ensure industrial development hence emphasis will be to work more in this field. Once our efforts will materialise properly the area will witness more economic activities with more investment. With this, new entrepreneurs will shift their base to both the cities and more institutions/industrial units will come.
“As there is no end of development, we will achieve the goal by ensuring industrial/infrastructural development. The move will not help in balanced growth but will increase revenue. Once more revenue will be generated the authorities will be able to allocate more funds for development related projects. To achieve the target, the authorities will formulate a long-term plan,” said Kumar.
He said that the district is located adjacent to the national Capital hence it requires progressive development and the best part is that both dedicated corridors — Delhi-Mumbai-Industrial Corridor (DMIC) and Eastern Dedicated Freight Corridor — will pass through the area and even approval of the proposed airport in Jewar will boost the prospect. Additionally, IT, pharma and several other sectors have been doing well in this region and with all these efforts, the authorities have been trying to create a favourable environment for more investment.
Talking about ailing real estate body and hardships faced by the flat-buyers, the Chairman assured to give heed to the needs. He said that builders involved in irregularities will not be spared and will be treated as per law. “The authorities will protect buyers’ concern and for this, the system will be made more transparent. We will consider the three authorities as ‘ideal authorities’ once people will get their problems solved without roaming around offices,” said Kumar, adding that, genuine concerns of the builders will also be entertained.
“Supply of reality projects have exceeded demand in the whole region. The real estate market has not witnessed a slowdown but is a result of low payments by the builders to the authorities and some kinds of irregularities too. There is a need to attract more investment to address this issue,” he added.