Pune: The real estate industry body Credai has raised objections to the proposed increase in charges levied by Maharashtra State Electricity Distribution Company Limited (MSEDCL) for new electricity connections.
Real EstateMsedclCredaiElectricity ChargesMaharashtraReal Estate PuneFeb 18, 2025
MSEDCL, or the Maharashtra State Electricity Distribution Company Limited, is the primary electricity distribution company in the state of Maharashtra. It is responsible for providing electricity to homes and businesses and maintaining the electricity infrastructure.
CREDAI is opposing the proposed increase because it believes that the hike will add to the already high cost of construction, making housing projects more expensive and less affordable for homebuyers. This could lead to a slowdown in the real estate market.
CREDAI has suggested several solutions, including providing subsidies to MSEDCL, implementing a gradual increase in charges, conducting a detailed cost-benefit analysis, and adopting a collaborative approach involving all stakeholders.
The proposed increase could lead to higher construction costs, making housing more expensive and less affordable. This could result in a slowdown in the real estate market, affecting both developers and homebuyers.
The Maharashtra Electricity Regulatory Commission (MERC) is the regulatory body that oversees electricity distribution in the state. CREDAI has written to MERC to express its opposition to the proposed increase and to advocate for a fair and transparent process.
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