+
CREDAI Welcomes Bengal Realty Reforms Seeks Eight Month Relief
Real Estate

CREDAI Welcomes Bengal Realty Reforms Seeks Eight Month Relief

CREDAI West Bengal welcomed the state government's reform push and the proposed standard operating procedure for building safety and regulatory compliance, and said scrutiny of 585 of 706 projects identified for a mandatory audit had been completed. The audit followed the collapse of a warehouse at Taratala and led to a stop work order on covered projects pending scrutiny. The technical committee overseeing the exercise had held eight meetings and the data was current as of last Saturday.

Of the 706 projects, 595 had submitted applications and 115 were yet to apply; 204 projects had received clearance, 89 were given conditional approval and 26 were found to have major violations. The association sought an eight-month force majeure extension, citing disruptions from the war, the special inspection regime, elections and the stop work period imposed for the audit. It asked that time bound undertakings be permitted for minor deviations to enable construction to resume while ensuring full compliance.

CREDAI clarified that the 27 illegal projects flagged during the special audit did not involve any of its members and said it did not admit non compliant builders, while supporting strict action against illegal and unauthorised construction. Its delegation met the chief minister, the urban development and industries ministers and senior officials at a government convened conference in Kolkata on August six to discuss implementation and approvals. The association reiterated that compliance with the Real Estate (Regulation and Development) Act was non negotiable and advised homebuyers to verify developers' credentials and purchase only properties registered under the regime.

The body said the sector attracts more than Rs 200 billion (Rs 200 bn) in annual investment in West Bengal, contributes around Rs 75 billion (Rs 75 bn) to the state exchequer and supports the livelihoods of about six million (6 mn) people, making it the state's second largest employer after agriculture. It said the government's approach would help restart construction activity and benefit the supply chain and workforce dependent on the sector. The report drew on a PTI dispatch and CREDAI submissions to officials.

CREDAI West Bengal welcomed the state government's reform push and the proposed standard operating procedure for building safety and regulatory compliance, and said scrutiny of 585 of 706 projects identified for a mandatory audit had been completed. The audit followed the collapse of a warehouse at Taratala and led to a stop work order on covered projects pending scrutiny. The technical committee overseeing the exercise had held eight meetings and the data was current as of last Saturday. Of the 706 projects, 595 had submitted applications and 115 were yet to apply; 204 projects had received clearance, 89 were given conditional approval and 26 were found to have major violations. The association sought an eight-month force majeure extension, citing disruptions from the war, the special inspection regime, elections and the stop work period imposed for the audit. It asked that time bound undertakings be permitted for minor deviations to enable construction to resume while ensuring full compliance. CREDAI clarified that the 27 illegal projects flagged during the special audit did not involve any of its members and said it did not admit non compliant builders, while supporting strict action against illegal and unauthorised construction. Its delegation met the chief minister, the urban development and industries ministers and senior officials at a government convened conference in Kolkata on August six to discuss implementation and approvals. The association reiterated that compliance with the Real Estate (Regulation and Development) Act was non negotiable and advised homebuyers to verify developers' credentials and purchase only properties registered under the regime. The body said the sector attracts more than Rs 200 billion (Rs 200 bn) in annual investment in West Bengal, contributes around Rs 75 billion (Rs 75 bn) to the state exchequer and supports the livelihoods of about six million (6 mn) people, making it the state's second largest employer after agriculture. It said the government's approach would help restart construction activity and benefit the supply chain and workforce dependent on the sector. The report drew on a PTI dispatch and CREDAI submissions to officials.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

India’s Global CE Connect

India’s construction equipment industry is entering a phase where scale is increasingly being matched by productivity, technology, localisation and lifecycle economics. Against this backdrop, bauma ConExpo India 2026, scheduled for September 15-18 at the India Expo Centre, Greater Noida, will bring the global and Indian construction machinery ecosystem together.The eighth edition is expected to be the largest yet, with the exhibition sold out across around 1.45 million sq ft. More than 1,100 exhibitors from over 100 countries are expected to participate, with visitor numbers projected to exc..

Next Story
Real Estate

Orris, Godrej Properties Settle Dispute Over Gurugram Project

Orris Infrastructure and Godrej Properties Limited have reached an amicable settlement over matters related to the jointly developed Godrej Air project in Gurugram, bringing an end to the dispute between the two companies.The Bombay High Court, while hearing a petition filed by Orris Infrastructure, ordered the immediate and unconditional release of Orris Managing Director Amit Gupta on August 25, 2026, after being informed about the settlement agreement between the parties.A single-judge bench led by Justice Milind N. Jadhav noted that in view of the settlement agreement signed by both compan..

Next Story
Infrastructure Urban

Panasonic Launches Second Cycle of Startup Co-Creation Programme

Panasonic Life Solutions India (PLSIND), through its IGNITION Open Innovation platform, has announced the second cycle of Co.lab Studio, a startup collaboration initiative focused on developing scalable digital services and solutions.The new cycle will focus on Safety & Security and Daily Living solutions for communities by leveraging Panasonic’s AI and IoT-enabled connected living platform, MirAIe. The programme aims to help startups move from innovation concepts to pilot deployments, platform integrations and commercialisation-ready solutions.The first cycle of Co.lab Studio received 1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code