BDA merged with CMDWA in Maharashtra

New Delhi: ONE of the apex real estate bodies, National Real Estate Development Council (Naredco), on Monday announced consolidation of Brihanmumbai Developers Association (BDA) and Central Mumbai Developers Welfare Association (CMDWA) with its Maharashtra branch.

As per the association, over 750 combined membership strength of both BDA and CMDWA largely consisting of developers who work under Development Control Regulation (DCR) 33-7, 33-5 and 33-9 on cessed and non-cessed buildings including Maharashtra Housing and Area Development Authority (MHADA) and estate lease hold lands have come together with Naredco, a self-regulatory body formed under the aegis of the Ministry of Housing and Urban Affairs (MoHUA).

Sandeep Runwal, president, Naredco-Maharashtra and Managing Director, Runwal Group, said, "We welcome BDA and CMDWA, two very strong developers' associations to Naredco. We are honoured by the current recognition that Naredco is receiving among the developers."

The combined strength of Naredco Maharashtra would now be over 4,000 developers, making it one of the largest governing body in the MMR region. Expressing delight over the collaboration, Founder and vice president, BDA, Harrish Kumar Jain said that group ensure to build a platform that would create a win-win situation for both developer bodies and the potential homebuyers across the State.

Rajan Bandelkar, national president, Naredco says "The United affiliation with Naredco and its newly appointed committee will take up issues affecting every developer like levy of GST on redevelopment of tenant flats, Input Tax Credit in GST, MOFA, Environment, Streamlining issues at MCGM, Urban Development and Revenue Department, premium reduction, cluster redevelopment on MHADA and lease hold lands (ESTATE), Defence lands at Central level and help resolve them with a sense of fairness to make it a win win situation for citizens, authorities/ govt and the small redevelopers."