Genuine single window clearance to be a boon for realty sector

The central government’s move to come up with a comprehensive single window clearance system , will help provide impetus to Covid-hit realty.

According to the Commerce Ministry, the Modi government is working expeditiously to bring out a holistic framework to promote ease of doing business. This includes a genuinely effective single window clearance system. The proposed framework will encompass central, state and even local government clearances. This system will also promote GIS- based land buying service. The Centre has already identified thousands of hectares of land in a few states for this purpose. Under this plan, earth view of the plots will be made available at India level to help investors.

Says Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global Group and Chairman, Assocham National Council on Real Estate, Housing & Urban Development, ” A genuine, comprehensive single window clearance system will indeed be a blessing for the struggling realty sector. The cost of doing business is going up due to disruptions in construction labour availability and supply chain. The delay in sanctions is further adding to the woes of the financially stressed sector by way of cost overruns of projects. A holistic single window clearance system will put an end to these problems. It will also attract more investments for the capital intensive , fund-starved sector.

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