CCI Panel recommends single-window approvals for realty projects
A panel was set up last year under the former Competition Commission of India in order to find out ways to make approval process easier for the real estate projects.
The panel has suggested a single-window clearance model for the real estate reports to get clearance easily. In this report the ministry of environment nor gave any inputs or ideas neither attended any meeting regarding the report.
For big real estate projects clearances are required from environment ministry and the Airport Authority of India. This is a long process which often leads to delay in project and escalation of the cost.
The minister for housing and urban poverty alleviation said that, the ministry of environment and forests will be called to discuss about the single-window clearance mechanism, as this is an important matter.
A presentation was given by the committee recently on the plan of the project. It is expected to submit its final report by the end of this month.
Real estate projects with a built up area of 2,00,000 sq ft or more needs an environment clearance from the state government. The state departments follow norms which is declared by the central ministry for environment and forests to allow such real estate projects.
According to a senior environment ministry official, this kind of decision can only be taken by the the ministry’s expert appraisal committee, which is a statutory body, and not by any officer. He said that the environment ministry is a regulatory body and so when it comes to a single-window clearance mechanism, it cannot be on the same platform as a promoter ministry. Due to incomplete proposals, projects get delayed often, he added.
The clearance should be completed within 210 days from the time the proposal is submitted to the ministry as per the guidelines. And 45 days will be provided for the final decision after the expert appraisal committee gives its recommendation.
The panel’s report has suggested different ways which will help real estate projects to get clearance fast and easily. And this is expected to ease developers to reset home prices, as delays in government approvals, which sometimes run into years, can push up costs by as much as 40 percent.
About 20-30 percent of cost-hike of the real estate projects are due to delay in getting environment clearance for projects, said national president of the Confederation of Real Estate Developers Associations of India.
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Airport Authority of India, CCI, Competition Commission of India, Confederation of Real Estate Developers' Associations of India, Delhi, Delhi NCR, Housing and Urban Poverty Alleviation, Indian real estate, Real estate in India, Realty News
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