Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

Realty projects getting stuck in red tape tangles

1 Comment Sub Category:Mumbai,Real estate trends,Realty News Posted On: Sep 25, 2012

As real estate is going through a crisis specially in cities like Mumbai, builders are struggling through the bureaucratic hurdles involved in getting a project cleared.

The builders are forced to go through a tangled clearance procedure as they have to approach a host of state and central departments that take their own time clearing a realty projects. Builders say that a project takes at least two years to get cleared by the government authorities concerned.

A single-window clearance system is what the builders demand to get the projects cleared quickly. Developers fear that several new regulations, like those issued by the housing regulatory authority and the heritage committee will only delay realty projects.

To read more real estate news:

Govt to boost real estate sector

One Response to “Realty projects getting stuck in red tape tangles”

  1. [...] Realty projects getting stuck in red tape tangles [...]

Leave a Reply



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!