Single window clearance system
The Union Government will introduce Real Estate Development Regulatory Bill in the winter session of the Parliament. This is aimed to reign-in the unscrupulous builders who escape the responsibility of providing promised facilities to the property buyers. The Union Minister for Urban Development and Parliamentary Affairs M. Venkaiah Naidu stated that a proper law was needed [...] Continue Reading »
After the bifurcation of the state of Andhra Pradesh and formation of Telangana, the Telangana Government is planning for measures to give boost to the real estate and other construction projects. A single window clearance system will reduce red-tapism, enhance visibility and speed up the projects. Speaking at a real estate event Gruhapravesham, the first property [...] Continue Reading »
In a policy recommendation to the State Government, the Bangalore Chamber of Industry and Commerce (BCIC) suggested that Karnataka should explore dual land pricing policy. This will help them to address the issue of regional imbalance and encourage the spread of industries across the State. The industrial land beyond a radius of 100 km of Bangalore [...] Continue Reading »
Hopeful of a revival of fortunes of the under-performing real estate sector once the new Government comes to power, the realtors are seeking the implementation of ‘single window clearance system’ from Prime Minister-designate Narendra Modi. In a proposal sent to Modi, a real estate group of Noida has urged greater transparency in the realty-project approval [...] Continue Reading »
A top official of realty firm Mahindra Lifespaces said, the housing sector is experiencing a slow growth due to a host of factors such as non-availability of single-window clearance and unnecessary delay in projects in Nagpur. Managing Director of Mahindra Lifespaces Anita Arjundas told PTI: That the housing sector expects single window clearance, which is clearance within 90 days. But [...] Continue Reading »
The Confederation of Real Estate Developers Associations of India (CREDAI) has put forward a plan to the Prime Minister to enable reforms in the real estate sector and help rejuvenate it. Home sales registrations continued to decline in the first half of 2012, although by only 3.4 per cent when compared to the same time [...] Continue Reading »
The government in Mumbai is all set ready to introduce a draft of Real Estate Regulation and Development Bill of the year 2011. The reason behind government postponing the release of this draft is that, the draft will now be introduced and comments will be taken as a feedback and duly amendments will be made [...] Continue Reading »
