2 days ago
CREDAI Andhra Pradesh hails cabinet nod for amendments to building rules
VISAKHAPATNAM: The Confederation of Real Estate Developers' Associations of India (CREDAI), Andhra Pradesh Chapter, has lauded the State Cabinet's approval of key amendments to the Andhra Pradesh Building Rules, 2017, calling it a landmark step in reforming the urban development framework of the State.
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In a statement issued on Wednesday, CREDAI Andhra Pradesh President Bayana Srinivas Rao extended the association's heartfelt gratitude to Chief Minister Nara Chandrababu Naidu for his leadership in clearing the long-awaited regulatory amendments. He also acknowledged the pivotal roles played by the Minister for Municipal Administration and Urban Development, Dr. P. Narayana, and the Minister for IT & HRD, Nara Lokesh, in steering the reforms forward.
Welcoming the Cabinet decision, chairman of CREDAI AP Buddiga Srinivasu described the move as a progressive measure aimed at enhancing transparency, efficiency, and investor confidence in the real estate and construction sectors.
'These amendments mark a new chapter in urban governance and planning in Andhra Pradesh,' said Dasari Rambabu, General Secretary of CREDAI AP. 'The reforms reflect the Government's proactive and development-oriented vision.
They are expected to streamline the approval processes, eliminate long-standing bottlenecks, and create a more predictable environment for project execution,' he said.
CREDAI city chapter presidents from across the State echoed similar sentiments, underlining the crucial role of the real estate and construction sectors in powering economic growth, creating employment, and driving urban transformation.
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By addressing key regulatory challenges and modernising the legal framework, the State Government has taken a decisive step towards positioning Andhra Pradesh as a globally competitive and investment-ready destination, the association noted.
Describing the Cabinet's decision as a 'catalyst for sustainable development,' CREDAI expressed confidence that the reforms would open up new avenues of opportunity across the sector and contribute meaningfully to the Chief Minister's vision of building a $1 trillion economy for Andhra Pradesh.
Reaffirming its commitment to collaborative development, CREDAI Andhra Pradesh pledged to continue working closely with the Government to deliver quality housing, develop world-class infrastructure, and contribute to shaping a Viksit Andhra Pradesh that meets the evolving aspirations of its people. EOM
