Delhi/NCR: The Confederation of Real Estate Developers’ Associations of India (CREDAI), a top body for private real estate developers, staunchly contradicted the government’s proposal for reserving 35 percent of the housing units for underprivileged, arguing this would result in rise in the prices for middle-class people.“Such a directive, without any incentives to the developer community, would only burden the open market buyers, mainly the middle income group, which will be forced to cross-subsidize the low income group (LIG) or economically weaker sections (EWS),” said a CREDAI memorandum to Union Minister for Housing and Poverty Alleviation Ajay Maken.CREDAI has nearly 8,800 members all over India. It initiates activities to help developers work towards a stronger realty industry. Recently the members discussed the property reservation issue with Ajay Maken regarding the concerns of the middle income group (MIG).CREDAI President Lalit Kumar Jain said that “The government should model the housing policy to suit the poor in such a way to encourage developers to rush for it rather than taking compulsory steps which ultimately might be counterproductive as they could lead to a fall in the housing stock.”The association also pointed out the reasons for the market price movement i.e. the demand-supply mismatch and debated that any further fall in the housing stock would only contribute to rise in prices.займ на карту без отказов круглосуточновзять кредит онлайн