India must adopt single window clearance for housing: C&W
Apr 18, 2014
Source : The Economic Times

 

DELHI: Global property consultant Cushman & Wakefield today recommended a single-window clearance for housing projects to tackle rapid urbanisation.

"Execution of projects is one of India's main weakness; it truly fuels the culture of slower implementation. India must move towards a single window clearance so that 18-24 months are not spent on getting permissions," C&W and PHD Chamber said in a joint report.

The consultant said that "political will, action and implementation" were key factors to handle urbanisation. Urban India would have 600 million people by 2031, an increase of 59 per cent from 2011, according to the report 'Challenges and Opportunities for Housing Sector in Urban India'.

Besides single window clearance, C&W listed out several measures to tackle rapid urbanisation including innovative use of land, adequate funding, doing away with Rent Control Act, promotion of rental housing, incentives on affordable housing, credit access to people falling in EWS/LIG categories.

Speaking at the event, Delhi Development Authority Chief Vigilance Officer Sunil Gulati favoured vertical development and rental housing to boost supply of residential properties.

"Almost 10-15 per cent of urban properties are vacant. Huge investment is blocked," he said, while pitching for the amendment of the Renet Control Act.

Gulati also suggested doing away with various approvals to avoid delays.

DLFBSE 0.98 % Group Executive Director Rajeev Talwar rued that "for 70 years, we have not been able to provide housing".

He said the FAR (floor-area ratio) is not a "dirty word" and favoured increase in FAR to boost housing supply.

The floor area ratio (FAR) is the principal bulk regulation controlling the size of buildings. FAR is the ratio of total building floor area to the area of the plot.

Talwar also stressed on giving impetus to infrastructure development.

 

Latest Realty News

‘Real estate needs regulatory body’
Apr 18, 2014
DELHI: Real estate sector needs a regulator to protect the interests of buyers, builders, and investors, said Kaushal Jain, MD, Arihant Group, a Delhi-based company.
Supertech home buyers may seek review of High Court order
Apr 18, 2014
DELHI: Home buyers in Supertech's two 40-storey apartment towers in Noida are considering filing a review petition in the Allahabad High Court against its order to demolish the towers for violating building regulations.
Building design must undergo paradigm shift: Raj Rewal, Architect
Apr 18, 2014
DELHI: Raj Rewal, one of India's leading architects whose urban design narratives has set precedents globally, says the country's building design is in dire need of a paradigm shift to meet the rising standards of living.
Will refund even if we go to Supreme Court: Supertech
Apr 18, 2014
NOIDA: Supertech chief R K Arora has tried to pacify frantic buyers who have booked flats in the Emerald Court towers, saying the company was ready to give refunds even if it moved the Supreme Court against the Allahabad high court’s order to demolish the two 40-storey buildings.
Affected Supertech flat owners to move SC
Apr 18, 2014
NOIDA: Buyers of apartments in Supertech’s two 40-storeyed towers here will move the Supreme Court against Allahabad High Court order to demolish the buildings as they want flats not refund.
No major impact on sales after HC decision: Supertech
Apr 18, 2014
NOIDA: Realty firm Supertech has said it is ready to refund money to over 600 apartment buyers affected by the Allahabad High Court order to demolish the company’s two 40-storeyed towers in Noida.
Noida seals Supertech towers, builder mum on refunds
Apr 17, 2014
NOIDA: Homebuyers in Supertech's Emerald Court towers suffered a double jolt on Tuesday as the company unceremoniously called off a press conference and virtually stonewalled buyers' demands for a refund even as the Noida Authority sealed the project site, bringing construction to a halt.
FNG Expressway: Connectivity, smooth traffic, real growth!
Apr 17, 2014
DELHI: The much-awaited FNG (Faridabad-Noida-Ghaziabad Expressway) is finally coming on track and will provide fast connectivity to daily commuters of the area once complete; apart from this, it is also emerging as an excellent stretch for real estate development.
Noida seals Supertech towers, builder mum on refunds
Apr 16, 2014
NOIDA: Home buyers in Supertech’s Emerald Court towers suffered a double jolt on Tuesday as the company unceremoniously called off a press conference and virtually stonewalled buyers’ demands for a refund even as the Noida Authority sealed the project site, bringing construction to a halt.
No hike in circle rates in Delhi till poll-end
Apr 16, 2014
DELHI: At a time when there is a slump in the real estate market, any hike between 20% and 50% in the circle rates for property registration in Delhi – as is likely to be proposed – may for the first time see the circle rate and market rate become equal in areas like unauthorized regularized colonies and new settlements in Narela and Bawana. The black component in transactions will then be nil. And this may further dampen sentiments and lead to stagnation in sales, say experts.

Latest Realty News Of State

Realty Talk's