The Master Plan for the city will be released soon, said Collector K. Rajamani at the inauguration of the property fair organised by Confederation of Real Estate Developers Associations of India (CREDAI) here on Friday.
The three-day fair, titled Fairpro 2019, was inaugurated in the presence of Corporation Commissioner Sravan Kumar Jatavath, founder of Nallaram Trust P. Anbarasan, and Mr. Rajamani along with CREDAI officials.
In his address, Mr. Rajamani said that the Master Plan would receive its final shape in a short while and would be made public.
Coimbatore is next only to Chennai in the construction sector, Mr. Rajamani said, appreciating the works done by CREDAI. Noting that the housing projects must not harm the environment, he said that the projects must add to the beauty, sheen and originality of the city. The builders must also take efforts in effectively disposing of the construction debris and must invest in rainwater harvesting, the Collector said.
Assuring the support of the Corporation to the builders, Mr. Jatavath said that the civic body would soon roll out single window clearances for building constructions. This would help business boom in an exponential way rather than a linear way, he said. Infrastructure is the sole factor in the development of the city, Mr. Jatavath added.
In his speech, Mr. Anbarasan explained the importance of water conservation and protecting the environment. He stressed the need for rainwater harvesting in every house.
Surender Vittal, president of CREDAI Coimbatore, described the fair as a huge branding exercise for property developers. V. Gouthaman, president of CREDAI Tamil Nadu, D. Abhishek, chairman of the fair and Rajiv Ramasamy, secretary of CREDAI also spoke.
According to a press release, over 100 properties by more than 35 developers along with banks and financial institutions will be present at the fair. The properties are Real Estate (Regulation and Development) Act (RERA) certified. The fair will be open from 10 a.m. to 8 p.m. till Sunday.