DDA

In a big boost to the real estate sector in the Capital, projects coming up in plots of up to 1,50,000 square metres will no longer be required to get separate approval from the Union environment ministry before starting construction.

While for smaller projects of less than 20,000 square metres, developers will have to give a “self-declaration” clause, which will ensure issuance of permission from urban local bodies (ULBs), for larger projects upto 1.5 lakh sq mt, the Delhi Development Authority and the three municipal corporations in the Capital have to give the environment clearance as well as grant construction permits.

The environment condition required has been integrated with the building byelaws in the Capital.

Currently, developers had to face huge delay in getting environment clearance. In many instances, it took over two years to get a clearance resulting in sharp cost escalation in project cost.

“This is a culmination of sustained efforts on our part for over a year. It will give a big boost to the ease of doing business and expedite completion of building projects,” said Union urban development minister M Venkaiah Naidu.

The World Bank’s Doing Business Report 2017 found India as having one of the most cumbersome and lengthy process when it came to giving construction permit approval. India was ranked 185 in a list of 190 countries.

 

[Source”timesofindia”]