Odisha News Today Bureau:
CREDAI Bhubaneswar has welcomed the much needed revival steps undertaken by the Govt. of Odisha to create opportunities for growth of Real Estate Sector in the state.
The ongoing COVID -19 pandemic has affected the Industry sector in our country in many folds. Real Estate sector is one of the most affected sectors. Post lockdown the work at the construction sites has started but at all time low, due to shortage of worker, material supply, sales and marketing, financial constraints etc. So the Real Estate Body had urged the Govt. to take necessary action to give a thrust to the sector.
Speaking on the revival of the Policy, Er. Umesh Pattnaik, General Secretary, CREDAI Bhubaneswar, said “We welcome the steps undertaken by the Govt. of Odisha in introducing some major reforms in planning and building rules for construction of houses and multi-storied apartments in the state with the approval of Odisha Development Authorities (Planning & Building Standards) Rules, 2020. The changes in the rules and regulations definitely will attract more investments in real estate sector and give a boost to GDP growth. We would really like to thank Sri Pratap Jena, Hon’ble Minister, Department of Housing & Urban Development Govt. of Odisha and Shri G. Mathi Vathanan, IAS, Principal Secretary, Department of Housing & Urban Development Govt. of Odisha