Environment clearance delay trouble builders
The builders have expressed their displeasure over the delay they have to face while getting environmental clearance.
Developers body, Confederation of Real Estate Developers’ Associations of India (CREDAI), says that the environment clearance delays projects by almost two years.
While developers’ body is pushing for a practical approach by the environment ministry, so that the projects don’t get delayed in maze of red tapes, consequently pushing up the costs of the project.
The builders have argued that while on the one hand the government department delays environment clearance, on the other, the green lobby is pushing for implementation of eco-friendly measures which substantially add to the developers’ costs.
Builders, Confederation of Real Estate Developers' Associations of India (CREDAI), developers' body, developers’ costs, environmental clearance, green lobby, New Delhi, Project Delays, Union environment ministry
