Developers crib about long process for getting permissions
Oct 17, 2012
Source : The Times of India

 

MUMBAI: The civic body's policy that seeks to impose penalties on developers and even cancel projects if redevelopment of its properties is not completed within deadline evoked mixed reactions from experts and developers. 
 
Sunil Mantri, chairman of Mantri Realty and member of the real estate committee of the Indian Merchants' Chamber, complained about one clause that pushed up the revalidation charges of a letter of intent from Rs 1,000 per year to Rs 5 lakh if a developer failed to process the intimation of disapproval (IOD) and commencement certificate (CC) within a year. It's often not possible to get the IOD and CC on time, he said. 
 
"Once LOI is issued, the developer prepares the project details and has to go to various authorities for permissions, like the highrise committee, for environment clearance, fire brigade, etc. This burden cannot be passed on to the builder as the government doesn't work within a time frame. Completing any building takes three-five years and getting IOD may be slightly easier, but procuring a CC is most difficult as it needs various clearances. There should be a stipulation on various authorities to clear the proposals in time," he added. 
 
Architect P K Das said: "Timely completion will help check... cost escalation. In most BMC projects, the final cost is three times that the original cost. So basically, it is a step towards professionalizing the implementation process." 

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