MAHARASHTRA CM assures builders of faster approvals for realty projects

Q: The Maharashtra government on October 7 assured the builders in the state of speedy approvals and faster clearances.

Vineet Tendulkar, Mumbai

14th October 2015

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single window clearance

indian real estate market

maharashtra government

maharashtra chamber of housing industry

devendra fadnavis

faster approval process in real estate

nitin kareer

projects approval mechanism

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Replies (3)

Hi all,
It is certainly a well-known fact that real estate is one of the major contributors to the country's GDP, and this sector cannot perform well in a scenario where a misleading crowd of agencies are involved in processing approvals for real estate projects.

Mahendra, Mumbai

15th October 2015

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@Shaunak,
The Indian real estate market is in strong need of single window clearances for residential projects, and this is something that the new BJP-led government must action on a priority basis. The process of project approval must be revised so that developers can launch more projects and increase supply, which will help in keeping prices down.

Amreesh Murugan,

14th October 2015

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Hi Amreesh,
Chief minister Devendra Fadnavis assured builders that they will be aware by the government about the steps taken. The real estate sector has also been assured of steps to bring in comfort in doing business in the sector. At the same time government will announce the number of days required for various approvals for the construction sector in the next 15 days.

Dhiraj,

14th October 2015

The ill-effects are most visibly seen in Maharashtra, where the various restriction on real estate development have in fact played a big role reducing the pace of State-level growth. The current system is completely corrupted, if it can be called a form at all.

Amreesh Murugan,

14th October 2015

It is true Amreesh and we have seen the result of it. It is really a very sad demise of a developer. CREDAI members in Mangaluru closed their offices, stopped construction works and did not register properties on Tuesday as a mark of respect to Parmar. Govt. must bring a policy soon to control these system.

Shaunak Verdla, Mumbai

14th October 2015

The lack of a systematically projects approval network is a symptom of India's retrograde bureaucratic machinery which causes untold losses to all stakeholders. Now, the state government announced a committee headed by principle secretary of the revenue department, Nitin Kareer, to suggest a network to simplify approvals and taxation system for the real estate sector.

Dhiraj,

14th October 2015

Comment

Right Dhiraj,
A delegation of the representatives of the bodies such as Credai and Maharashtra Chambers of Housing met Maharashtra CM on Tuesday at Mantralaya after builder associations held a protest march in various cities to protest against the suicide of Thanebased developer Suraj Parmar, who had blamed government and its failed policies in his suicide note.

Shaunak Verdla, Mumbai

14th October 2015

You are right Dhiraj. If we study the big numbers of clearances and approvals that are required for residential projects in India, the challenges that developers have to face become very clear. The old English proverb "there is many a slip between the cup and the lip" is very fitting here. The extensive efforts that a developer in India has to put in before a project is even approved for construction are not well understood.

Nikhil Kanetkar, Pune

16th October 2015