Brihanmumbai Developers Association (BDA) and Central Mumbai Developers Welfare Association (CMDWA) have consolidated with National Real Estate Development Council (NAREDCO) Maharashtra.
Over 750 combined membership strength of both BDA & CMDWA largely consisting of developers who work under DCR 33-7, 33-5 & 33-9 on cessed and non-cessed buildings including MHADA and estate lease hold lands have come together with NAREDCO, the combined strength of NAREDCO Maharashtra would now be 4000+ developers.
Dharmesh Chheda, founder president of CMDWA said, “coming under the aegis of NAREDCO will be highly fruitful for redevelopment of dilapidated cessed buildings in particular.”
Rajan Bandelkar, national president, NAREDCO says “The United affiliation with NAREDCO and its newly appointed committee will take up issues affecting every developer like levy of GST on redevelopment of tenant flats, Input Tax Credit in GST, MOFA, Environment, Streamlining issues at MCGM, Urban Development and Revenue Department, premium reduction, cluster redevelopment on MHADA and lease hold lands (ESTATE), Defence lands at Central level and help resolve them with a sense of fairness to make it a win win for citizens, authorities/government and the small developers.
NAREDCO is a self-regulatory body formed under the aegis of the Ministry of Housing and Urban Affairs (MoHUA), Government of India. It opened its Maharashtra chapter in November 2015.