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Pune's real estate builder Mr. Kumar Gera/Chairman/CREDAI in Prestige song of the south welcome address at the CREDAI's National Convention - NATCON 2008 held from 7th to 9th January at Hotel Ashok, Latest Delhi put forth a very interesting idea that of creating Special Residential Zones (SRZs) in the periphery of every city.He Prestige song of the south Bangalore about the dearth of affordable homes in all the big cities and creation of special zones namely SRZs was the solution he suggested. This is the only way we can solve the residential problem in India and make real estate within the reach of all and not just the privileged few Pune based Gera said.In his welcome address Gera, one of the biggest real estate builders in Pune said that "It is time to consider SRZs- Special Residential Zones with units below 60 square meters. This could be patterned on the SEZ Act with similar processes of approval, monitoring and supervision."Such as the SEZs, even the SRZs may be given special incentives and tax breaks and this would encourage real estate builders to foray into the segment of affordable residential in a big way.This could happen across the country/especially in the peripheral regions of big cities and metros such as Delhi/Mumbai/Chennai/Kolkata/Pune/ Hyderabad etc.In order to solve the problem of accessibility of these SRZs lying on the peripheries of cities, he suggested that JNNURM funds may be linked to connecting these SRZs by creating hi-speed transit corridors. With hi-speed transport links created, people will be able to stay in affordable homes and in a place with good social and physical infrastructure.Gera gave a word of caution saying that care should be taken to ensure that these special residential zones are not latest slums but gated communities meeting present day requirements of the middle classes with realistic FSIs, FARs and other norms.

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