Project clearance policies.
With almost 300-mega projects worth about Rs 15 lakh crore remaining stalled due to delay in clearances, PM Narendra Modi on Friday directed all ministries to monitor online the progress of infrastructure development, including foreign ventures of state-owned undertakings. Since the government has approved 100 percent FDI in railways, Modi asked the ministry to come [...] Continue Reading »
Optimistic about the new Narendra Modi-led government at the centre, builders are seeking concrete reforms in the real estate sector. Easing up on interest rates and ensuring speedy clearance of projects is at the forefront of builders’ demands. Cities such as Pune have been riding the sustainable housing wave for quite some time now. Encouraging [...] Continue Reading »
The union ministry has planned to set up a group of officials to make the approval process faster for the real estate projects in India. The committee will be headed by the former head of the Competition Commission of India. His main responsibility will be to set up a systematic way through which any developer [...] Continue Reading »
The construction of The new proposed Navi Mumbai International Airport is expecting to start by September 2013. The delay is happened due to the delay in getting the clearance from different departments. The security clearance from the City and Industrial Development Corporation of Maharashtra (CIDCO), as well as a clearance from the Maharashtra Forest department [...] Continue Reading »
The Confederation of Real Estate Developers’ Associations of India (CREDAI) has decided to seek details of various approved projects and the amount of revenue earned by the state government. By this way the builders association want to show the government how much loss they are incurring due to different clearance policies. According to the builders [...] Continue Reading »
