Wednesday 14 October 2015

Thousands of Developer Protests: will they be heard?

New Delhi: Tuesday, the 13th, got marked by a very rare incident. Developers from all across the nation went on protest condemning the death of their fellow developer from Thane, Mumbai. The day saw thousands of developer standing on the roads with their employees and supporters and doing a silent march. Many of them wore black ribbons on their arms to convey the message of 'Black Day' in Indian Real estate. This sight was unique. For the 1st time people who were always being protested were protesting for their own rights, the same way. 

There are few questions which have now arose: why are they protesting in a country where they play the most important role in country's economy? 
Will there be an actual result out of all this or was it just a fluke?
And finally, how long will they stand united? 

If we dissect the situation, then one can see that the developers have actually been equal sufferer in the hands of governments policies & regulations. If we look at NCR market, recently there was a huge crisis due to Okhla Bird Sanctuary. Over 60-70% of the projects in the area were badly hit and the work got delayed. Who should be blamed for this? The land was legally auctioned and bought from an authorised body, the mentioned clearances were taken and the construction was duly being done. The result: the buyers protested for delay in possession & the developer whose projects were ready couldn't give possession, it was a MESS! Who suffered? It started with developers and finally the buyers. They both suffered equally and very badly. The buyers had all rights to protest, shout slogans and they did. The developers had no rights so he remained calm. Can India shine in a situation where the business houses have to work in utter confusion?

This also cannot be denied, that many developers never had any intention to deliver because of multiple reasons and they must have got a breathing time due to the crisis but what about the majority who have been working and delivering projects? 

Saying this, the fraternity also suffers from a perennial disease. Lack of unity. Never you will see a developer whole heartedly supporting other developer or their projects. And this is quite obvious due to the tough competition the market offers. Various bodies like CREDAI have always tried to unite developers and bring them on a single platform to discuss and share ideas and also their problems. 

If we look at the recent CREDAI protest carefully, the biggest achievement of Tuesday's protest was the United stand which every developer showed. It was the 1st time when publicly they protested against the wrong doings which has been prevalent in the system. Finally they were letting people know that they equally suffer because of the same system. Unity finally brought strength. 

Now the final question lies with the government: will they be heard?


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