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In February the New Policy coming to early Clearance for housing projects

Posted by BrickAcres on February 5, 2016
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The government will launch a new policy in February to ensure
early clearance of urban infrastructure and housing projects
as part of its initiative to improve ease of doing business
in the country.

Addressing the India Investment Summit,Urban Development
Minister Venkaiah Naidu said the government is keen on ease
of doing business and is working on a scheme to facilitate
quick approval of urban infra and housing projects.

The minister has held consultations with the six ministries,
including Defence, Civil Aviation and Environment, for
facilitating the approval process and quick clearances.

“Why should anybody come to Delhi for clearance, for NOC (no
objection certificate) from the Airport Authority of India to
have a house or building constructed in Hyderabad or in
Thiruvananthapuram?” he asked.

These things are being worked out, the minister said.

“Within this month, during the Budget itself, we will be
coming out with a scheme for early clearances for all these
projects without referring them to Delhi. They can be decided
by urban local bodies. The benchmarks are being decided and
they will be announced shortly,” Naidu said.

The Urban Development Ministry is also impressing upon urban
local bodies to go for a time limit of 60 days for project
clearance.

The real estate industry has been demanding a single-window
approval.

On the real estate regulatory Bill, the minister said the
proposed law would help in “development and not strangulation”
of the real estate sector.

Stating that quality issues and adequate infrastructure pull
down GDP to some extent, he underscored the need for
improvement of infrastructure for achieving inclusive and
sustained growth of 9-10 per cent.

Naidu listed out major challenges for infrastructure developme
-nt — finance, land acquisition, inadequate regulatory
framework, delays in clearance, uneven private sector
participation and pricing of infra service, among others.

Highlighting the need for increase in private investment, he
said the 12th Five-Year Plan (2012-17) targets 50 per cent
private participation in infra projects, up from 30 per cent
in the 11th plan. An investment of USD 1 trillion has been
estimated for building infrastructure and upgradation during
the 12th Plan period.

Stating that infrastructure and housing projects require land,
Naidu said: “Land is key for development. We cannot have
projects without land acquisition.”

A number of road projects have been held up due to delay in
land acquisition.

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