Chief minister Devendra Fadnavis: 1 week deadline for clearing housing projects
The chief minister made this announcement in the state assembly on Wednesday
Dec 24, 2014
Source : DNA

 

Mumbai: Chief minister Devendra Fadnavis recently decided that the state government and its authorised agencies will give approvals for residential projects within seven days of receiving the project proposals from builders. The chief minister made this announcement in the state assembly on Wednesday.

Paras Gundecha, the chairman of Gundecha Developers, welcomed the state government's decision. "If it really happens, then the property prices will come down by 15-20%. Even if they approve the plans within a month from the date of submission, that is also good for us. But it should happen. Earlier too, the same kinds of efforts were made but could not work on the ground," said Gundecha.

Sunil Mantri, president of NAREDCO, the developers' apex body, said that the state government has taken the right step. "We are happy because this new government has fulfilled our overdue demand. This will surely cut down the cost of the project and delivery will be faster now," said Mantri.

He said presently it is mandatory for the government to approve the project proposals within three months, but the government makes excuses for delaying the approval.

Latest Realty News

KMC provides online house tax payment facility
Dec 24, 2014
KANPUR: People can now deposit house tax online. Kanpur Municipal Corporation had loaded net banking service on its website
ICICI Prudential Asset Management Company's real estate fund raises Rs 600 crore
Dec 24, 2014
MUMBAI: ICICI Prudential Asset Management Company has raised over Rs 600 crore through its real estate fund
99acres.com partners with Puravankara
Dec 24, 2014
Bengaluru: Real Estate portal 99acres.com of Info Edge India has partnered with Bengaluru-based Puravankara Projects to offer online booking services for their homes
Demand up for affordable segment, down for luxury in Ahmedabad
Dec 24, 2014
Ahmedabad: While the residential market in Ahmedabad continued to witness sluggish demand for the month of November, demand for office and retail spaces saw some upswing
RS clears Bill on illegal colonies
Dec 24, 2014
NEW DELHI: Rajya Sabha unanimously pass the National Capital of Delhi Laws (Special Provisions) Second Amendment Bill 2014 that will pave way for regularization of more than 1,200 unauthorized colonies and protect all slums
Direct land sale lolly for investors
Dec 23, 2014
Patna: The government has decided to allow direct sale of plots at private industrial parks to those setting up their units there
Landowners halt rehab colony job
Dec 23, 2014
Paradip: Landowners have intensified their protest as fresh hurdles cloud land demarcation process for the proposed rehabilitation colony meant for sea-erosion affected people of Satabhaya
Realty gets booster shot with Lucknow Metro Rail
Dec 23, 2014
Lucknow: The Lucknow Metro Rail, a flagship project of Uttar Pradesh Chief Minister Akhilesh Yadav, is all set to boost the local realty space
Delivery delays, high inventory plague real estate sector
Dec 23, 2014
New Delhi: The real estate sector in India continues to be hit by a huge inventory, a drop in the number of new launches and delivery blues
Italy’s Gianesin Canepari & Partners may invest Rs 600 crore in Indian realty
Dec 23, 2014
MUMBAI: Gianesin Canepari & Partners (GC&P), an Italian business consulting company, is planning to bring in over Rs 600 crore investment into Indian real estate

Latest Realty News Of State

Realty Talk's