A panel, set up to look in to the matter of project delay, finally suggested single-window clearance to speed up realty projects.

Single-window clearance set to pace up real estate projects.

The builders would be happy as the panel has submitted its report to the government suggesting it to implement single-window clearance. They expect the government to implement single-window clearance for realty projects as soon as possible. However the report submitted by the panel does not include any suggestion from the environment ministry.

Builders are to get clearance from Airports Authority of India (AAI) as well as from the ministry of environment. This is considered as one of the lengthiest process in the construction of a big project. Moreover this delay is said to be a reason which leads to the rise of property prices.

To look into the matter of project delay, a panel was set up last year. Dhanendra Kumar, Chairman of Competition Commission of India (CCI) headed the panel.

Though the panel held a number of meetings, both environment and forests ministry did not participate in any of the meetings. Continue reading →