Project clearence
It is stated by the builders that the delay in getting clearances for projects is the main reason for escalating the cost of apartments in India. Normally it takes a few months to a couple of years for most projects to get approval. The Chennai Metropolitan Development Authority (CMDA) has introduced the green channel clearance [...] Continue Reading »
There is good news for those real estate companies in Mumbai whose projects have been stuck due to regulatory approvals. The Maharashtra government is now looking to fast track the clearances of the project in Mumbai. Real estate in Mumbai has witnessed low launches in 2011. This was happened due to slow project approval process [...] 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 »
Confederation of Real Estate Developers’ Associations of India (CREDAI) has decided in the two days conference in Pune, that the government should facilitate the approval process for the betterment of the sector. CREDAI wants speedy clearance for the development proposals, uniformity on taxation of the realty sector. According to CREDAI, a builder has to meet [...] Continue Reading »
A good announcement for the realty sector. Government has formed a committee to enhance the clearance process for the real estate developments. The finance minister informed this in a customary meeting with the industry leaders. He also informed that the initial concentration of the group is on the coming power projects, the access to coal [...] Continue Reading »
