Realty projects getting stuck in red tape tangles
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
Builders, bureaucratic hurdles, clearance procedure of realty projects, delay in residential projects, Government authorities, heritage committee, Housing Regulatory Authority (HRA), Mumbai, Mumbai Builders, Real Estate Developers, Real estate in India, Realty News, realty projects clearance, single window clearance
[...] Realty projects getting stuck in red tape tangles [...]