single window clearance
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 »
Maharashtra Chief Minister Prithviraj Chauhan has said he would look into concerns of the buyers and promised a “pro-buyer” regulator when it comes into existence. The state has implemented Maharashtra Housing Regulation and Development Act 2012, which will set up a first-of-its-kind state regulator for the real estate sector. The act is based on the [...] Continue Reading »
Acceptance for land and building across states are not consistent. Additionally in some places they are contradictory and differ in order of importance. Recent study of Planning Commission has been used by the sources to observe the differences and how they affect investors. Key regulatory framework that bears the greatest significance is the time taken [...] Continue Reading »
The Karnataka government hopes in tier-II cities infrastructure will be up to expectations by 2017. M Maheshwar Rao, addressing the CII-Karnataka’s State Council meet on ‘Karnataka for India’s Growth Story’ says, “The State government is committed to creating more jobs in manufacturing sector. The aim is to return the sector on a growth path of [...] 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 »
Kerala- Kerala government has announced the amendments made in Kerala Building Rules (KBR) on 8th January 2013. One of the proposals which will reduce the time taken for approval of building plans is single-window clearance facility. Builders are still not clear with this scenario and are waiting for the gazette notification. This notification will hopefully be out in [...] Continue Reading »
Affordable housing has been an issue of concern for government and policymakers. There is a serious scarcity of homes for people who have an income of under Rs 10,000 per month or even less. 12th Plan working group on financing urban infrastructure estimates the housing shortage in the country at nearly 29 million units and [...] Continue Reading »
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 [...] Continue Reading »
The Confederation of Real Estate Developers Association (CREDAI), on Wednesday, called for comprehensive reforms in areas related to land administration, banking and taxation to lift the realty sector and support in meeting the shortage of 26 million houses. CREDAI unveiled 10-point agenda to revive the sector, which is facing demand slowdown due to high interest [...] Continue Reading »
Urban development minister Kamal Nath addressing the 11th National Conference of Credai (Confederation of Real Estate Developers’ Association of India) in Singapore, admitted that the government has not responded to the tremendous growth in the real estate sector in the last one decade appropriately. Kamal Nath admitted that the government didn’t respond well to real [...] Continue Reading »
