CREDAI Chennai sets up anti-corruption panel, frames SOP for reporting graft
CREDAI Chennai has established an Anti-Corruption Committee and a formal Standard Operating Procedure (SOP) to combat graft within the real estate sector. The initiative aims to streamline the reporting of corruption in government-related services like building permits and land records directly to state authorities.
Why it matters
This move represents a significant industry-led effort to improve transparency in the notoriously opaque real estate sector, potentially reducing project delays and costs associated with corruption.
CREDAI Chennai sets up anti-corruption panel, frames SOP for reporting graft CHENNAI In a move to promote transparency and accountability in the real estate sector, CREDAI Chennai has constituted an Anti-Corruption Committee and introduced a Standard Operating Procedure (SOP) to report instances of undue gratification, corruption, and coercion. The Confederation of Real Estate Developers Associations of India (CREDAI), Chennai, the apex body for the real estate industry in India, has told its members through a letter that this SOP is framed in line with the vision of Tamil Nadu Chief Minister C. Joseph Vijay, who has consistently and unequivocally declared his government’s zero-tolerance stance against corruption.
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