Builders protests against the Kerala Government
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The Kerala Builders protested against the Kerala State Government for its policies and the state wide builders and developers called a dharna and all the construction related activities were put on hold. The protest was headed by the Joint Action Committee (JAC) which comprises members from Kerala Builders Forum (KBF), Builders Association of India (BAI) and Kerala Builders Association (KBA).
The revealed sources said the www.propertykhazana.com that the protest was against the Kerala Government for reducing the Floor Area Ratio allotted to Cochin, and in the meantime, the associations taking part in the strike announced that they will go on indefinite strike until the Government resolves the issue and fulfils the demands put forth by the JAC. The JAC members said that the Floor Area Ratio that is allotted to Cochin is 1.25, when it is nearly 4 in other cities, and mainly the strike was also because to obtain the industry status for the construction sector.
Speaking to the www.propertykhazana.com Kerala Builders Association Vice President Sany Francis, said the real estate sector is fully neglected by the Development Authority of Kochi and demanded the government for the immediate action. In fact, the realty sector in Kerala is worried about the move of the government, because nation wide there is boom in the realty segment and many global players are showing their interest in the Indian real estate, if the Kerala Government doesn’t make the amendment in the policies, then it is expected that the state would loose about Rs. 7000 Crores investment, said the India’s State Unit President Mr. Cherian Varkey.
Source: NIMMA BENGALURU
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