Affordable housing with infra development must, Credai

Lalit Kumar Jain, Chairman of CREDAI and CMD Kumar Urban development Limited, Mumbai-Pune realty major, said: "Infrastructure development is the back bone of Urban development. This country needs robust Urban Development to increase GDP and Employment. Mumbai-Pune corridor is one of the most important development strips in the country. Coupled with the Mumbai-Pune expressway the Eastern Freeway will cut down travel time between Mumbai and Pune which is a welcome development."

Mr Jain said: "However, we need mindset change to fully take advantage of the infrastructure development. At a time when globally urban science talks of high density urban growth with infrastructure development along with affordable housing and protecting green zones and agriculture land, we in India seem to be living in illusion with FSI paradigm."

"It will be a futile exercise if we do not exploit our infrastructure in a correct manner which is why we at CREDAI have been stressing for promoting housing and job centers along with infrastructure planning," he said. "The Eastern Freeway will undoubtedly come as a big boon for the residents of eastern suburbs and those living and travelling to Navi Mumbai. However government needs to do more for promoting housing particularly affordable segment by scrapping the FSI restrictions and allowing vertical buildings to meet the ever rising demand for housing in Mumbai which is facing tremendous land crunch," Mr Jain added.