October 14, 2017

 

A single-window clearance will not only push the government's objective of ease of doing business, but also boost the realty sector

A lot has happened in less than one year. Demonetisation, RERA and GST have consolidated the realty sector in terms of policies and taxation. However, in this turn of events, one demand that was a common concern of most developers has taken a backseat. Today, not many can be seen talking about enabling single-window clearance for real estate projects that would help the developers save a lot of time, money and effort while initiating new projects.

Kaizad Hateria, brand custodian and chief customer delight officer, Rustomjee Group says, “Developers, of course, are keen on getting a single-window clearance mechanism implemented as it will help them to obtain permissions at one-go on a single platform and complete the projects on time. But, getting all simplified legal documents and approvals on a single plat form is not an easy task. This issue has probably taken a backseat as the government is grappling with other issues, which we believe are the symptoms of the myriad delays in our sector.“

Even with the introduction of new reforms, one thing that remains unchanged is the time consumed in getting the requisite clearances. Jaxay Shah, president, CREDAI National, says, “RERA has been introduced to make the real estate environment much more transparent and accountable. However, it has also led to an increase in the number of processes and formalities for the developers to follow. The single-window clearance, in this respect, will provide some respite to the developers and will go a long way in reducing the paperwork and time required for attaining clearances for projects.“

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Source: http://timesofindia.com