Mumbai: The Confederation Of Real Estate Developers’ Association of India (CREDAI) approached the union government to form a committee that can give fast approvals to big realty projects typically costing between Rs 200 crore and Rs 1000 crore.Lalit Kumar Jain, Chairman of CREDAI and Chief Managing Director of Kumar Urban Development Ltd. said that the government has made it mandatory for all real estate projects to acquire an environmental clearance certificate. But in case of big real estate projects, acquiring this approval leads to excessive delays in construction. This is especially true in case of projects which have an investment over Rs 1000 crore. He suggested that for these projects a high level committee should be out into place that can provide environmental clearances faster. He said that since such an approval is a major deterrent for big real estate projects, it is harming the entire real estate industry and delaying its progress. As an example he cited Maharashtra where around 1,200 big ticket real estate project proposals with investment of over Rs 1 lakh crore are stuck because of the Environmental Impact Assessment (EIA) clearance process is taking too long to clear up.Jain said, “Although the Government has issued a circular to clear such projects in a time bound manner, it is taking more than 17–18 months to obtain approvals. This delay not only affects the real estate market but also the GDP of the country. Government’s own data shows that real estate contributes 6.3% to GDP.” Real estate projects are also stuck because of the absence of Standard Operating Procedure (SOP).CREDAI had previously urged the government to put in place a feasible plan for online approvals and single window clearance. These processes will not only make the approval process faster, they will also bring down housing costs. CREDAI is of the opinion that transparency is the need of the hour and a high powered committee can bring that transparency into the real estate industry. Jain told the government that an SOP is required to increase transparency in the industry and unleashing its full potential.займ на карту без отказов круглосуточновзять кредит онлайн