Press Esc to close
Monday 01 September 2014
News updated at 4:34 PM IST
Weather
Max: 27.4°C
Min : 19.4°C
In Bangalore
Sunny day

Centre pushes for real estate bill

NEW DELHI, DHNS:

With the UPA government pushing hard to introduce the proposed real estate regulatory bill in the monsoon session of Parliament, Union Ministry of Housing is working on issuing guidelines to states on urgent need for streamlining approval procedures for real estate projects.

The guidelines will contain suggestions made by a panel headed by Dhanendra Kumar, former chairman, Competition Commission of India, constituted by the Ministry of Housing for streamlining approval procedures for developmental projects.

The suggestions include simplifying the procedure of approval of different agencies, by both Central and state governments and removing unwanted bottlenecks.


As the proposed real estate regulatory bill specifically emphasises on streamlining the approval system, the ministry will direct the states to start working on this issue, Girija Vyas, Union Housing and Urban Poverty Alleviation Minister told Deccan Herald.

The committee, which submitted its report to the Housing Ministry recently, also recommended using an information technology-enabled single-window approval system, providing fast-track clearances, especially for affordable housing projects.

At present, each real estate project requires a minimum of 30 to 50 permissions from different agencies including water, land, electricity and town planning, which were considered as one of the major reasons for delaying the projects. 

The committee in its findings said the average time taken for obtaining all approvals for a residential project in Delhi is 141 days while it takes 599 days in Trivandrum.  

Go to Top

Photo Gallery
Vehicles ply on a waterlogged road after heavy rains in Bhopal on...

Vehicles ply on a waterlogged road after heavy rains in Bhopal on...

Amitabh, Aishwarya and Abhishek Bachchan visit Lalbagucha Raja Mandal at Lalbaug in Mumbai on...

Amitabh, Aishwarya and Abhishek Bachchan visit Lalbagucha Raja Mandal at Lalbaug in Mumbai on...

Rabbi Moshe Gourarie from New Jersey looks at a wall riddled with bullet marks from the 2008...

Rabbi Moshe Gourarie from New Jersey looks at a wall riddled with bullet marks from the 2008...

Childrens walks with an umbrella as it rains at Rajpath in New Delhi on Sunday....

Childrens walks with an umbrella as it rains at Rajpath in New Delhi on Sunday....

Bollywood actor Hrithik Roshan with father Rakesh Roshan and others participates in a procession...

Bollywood actor Hrithik Roshan with father Rakesh Roshan and others participates in a procession...

Devotees immerse idols of Ganesha into a lake in Thane , Mumbai on Saturday.

Devotees immerse idols of Ganesha into a lake in Thane , Mumbai on Saturday.

Prime Minister Narendra Modi during his visit to the Golden Pavillion Temple in Kyoto, Japan on...

Prime Minister Narendra Modi during his visit to the Golden Pavillion Temple in Kyoto, Japan on...

Bollywood actor Amisha Patel and family members participates in a procession for the immersion...

Bollywood actor Amisha Patel and family members participates in a procession for the immersion...

Prime Minister Narendra Modi during a meeting with CEO of Nidec Corporation, Shigenobu Nagamari...

Prime Minister Narendra Modi during a meeting with CEO of Nidec Corporation, Shigenobu Nagamari...

Prime Minister Narendra Modi during a meeting with Kyoto Mayor Daisaku Kadokawa in Kyoto, Japan...

Prime Minister Narendra Modi during a meeting with Kyoto Mayor Daisaku Kadokawa in Kyoto, Japan...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523