project clearances
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 »
Project clearances take time because the project needs clearances from at least 40 different government agencies before it is officially ready. The clearances are taken basically during the planning, design, construction and occupancy phases. However this does not cause hindrance and is definitely not an excuse for the building agencies to delay the construction. But [...] Continue Reading »
Announcing an all out war on corruption, Confederation of Real Estate Developers Association of India (CREDAI) , the apex body of property developers, has asked its about 10,000 members not to pay bribe to officials for getting project clearance. The strong statement came after CREDAI president Lalit Kumar Jain stated that realty sector has been [...] Continue Reading »
As the builders are claiming that the delays in project clearances are raising the cost of projects, the Chennai Metropolitan Development Authority has planned to introduce an automated system to scrutinize building plans. Scrutinizing building plan takes 3 to 5 days when done manually. While computers will run through the soft copy of the plans [...] Continue Reading »
