Chief Minister attends the STATECON-2023 program organised with the theme ‘‘Badhta Hua Chhattisgarh’

CREDAI honours the Chief Minister Mr. Bhupesh Baghel for the Chhattisgarh Government's initiatives to revive the real estate sector

"Providing money through various welfare schemes to the people of the state has positively impacted the growth of every sector": Chief Minister Mr. Bhupesh Baghel

Raipur, TNINS 

CREDAI (Confederation of Real Estate Developers' Associations of India) has honoured the Chief Minister Mr. Bhupesh Baghel for the Chhattisgarh Government's initiatives to revive the real estate sector and facilitate easy property acquisition. The STATECON-2023 was organised by CREDAI Chhattisgarh in Nava Raipur with the theme ‘Badhta Hua Chhattisgarh' to honour Chief Minister Mr.Baghel for the remarkable achievements of the state. The Chief Minister launched the CREDAI Chhattisgarh App and inaugurated the youth wing of CREDAI in Bhilai, Durg, and Bilaspur. The Housing and Environment Minister Mr. Mohammad Akbar also attended STATECON-2023 with the Chief Minister.

Addressing STATECON-2023, Chief Minister Mr. Bhupesh Baghel highlighted the Chhattisgarh Government's efforts and their consistent practical decisions for public welfare. The state government has filled the people’s pockets with the distribution of around Rs. 1.6 lakh crore through various public-welfare schemes, fostering growth across various sectors. He further shared that, post-lockdown, Chhattisgarh led the nation in restarting industries and factories. The Rajiv Gandhi Kisan NYAY Yojana aided farmers and MNREGA labourers even during tough COVID times. Unlike other states, government officials and employees received full salaries, avoiding cuts. This financial empowerment across classes catalysed increased trade and business activity, benefiting the real estate sector as well.

Chief Minister Mr. Baghel highlighted the impact of a 30 percent reduction in land guideline rates, which spurred investment in buying and selling land and amplified revenue generation. The flexibility in small plot registrations and the reduced guideline rates contributed to an increase in revenue from Rs. 1,100 crore to Rs. 1,500 crore. He underlined the significance of the real estate sector in India's economy, acknowledging its slowdown due to demonetization, the COVID-19 pandemic, and subsequent lockdowns. The Chhattisgarh Government's strategic decisions emerged as a remedy, revitalising the real estate sector and protecting it from economic devastation. The sector recovered swiftly, leaving recessionary trends behind. CM Mr. Baghel announced impending projects like Aero City and the Wholesale Corridor in Raipur, aimed at bolstering local trade and commerce. During the program, responding to CREDAI's request, the Chief Minister addressed the need for coloniser licences post-implementation of the RERA Acts in the state. He also discussed formulating guidelines for rural real estate akin to those in urban areas, underscoring the government's commitment to fostering equitable development across regions.

Speaking at STATECON-2023, Housing and Environment Minister Mr. Mohammad Akbar praised Chhattisgarh's natural resources, including minerals, forests, fertile land, and the availability of low-cost electricity. Under Chief Minister Mr. Bhupesh Baghel's leadership, the state is progressing and achieving new milestones every year. The state government has implemented various decisions to boost the real estate sector. Mr. Akbar urged CREDAI to provide a plan for realising affordable housing for low-income individuals.

CREDAI's National President, Mr. Manoj Gaur, conveyed gratitude to Chief Minister Mr. Bhupesh Baghel for the real estate sector-friendly decisions during the program. He lauded the single-window clearance system initiated for colonisers and developers, streamlining processes and enhancing efficiency. The President of CREDAI Chhattisgarh, Mr. Sanjay Raheja, highlighted the Chief Minister's supportive stance towards real estate sector issues, resulting in unprecedented progress. The state has achieved remarkable growth in various domains, including real estate, energy, forestry, and agriculture, owing to state government decisions under his leadership. National Secretary of CREDAI, Mr. G. Ram Reddy; Executive Committee Member, Mr. Shantilal Kataria; National Central Zone Vice President, Mr. Anand Singhania; CREDAI Chhattisgarh Secretary, Mr. Pankaj Lahoti; and numerous office bearers and members from both CREDAI's National and Chhattisgarh units were present.