In order to make property sector transparent and corruption-free, realtors' apex industry body the Confederation of Real Estate Developers' Associations of India (CREDAI) today sought Prime Minister's intervention for a single-window clearance for developing projects.
The association had presented a comprehensive check list for single window clearance to Urban Development Minister Kamal Nath in Singapore earlier this year.
"Cost goes up by 40% due to delay in approvals, which generally takes 12-24 months. We need intervention at highest level for having a single-window clearance for realty projects, which will not only help in reducing cost but also check corruption," CREDAI President Lalit Kumar Jain told reporters here.
The CREDAI's check list incorporates all the approvals required from different departments at central and states levels, he said, adding that the projects which comply with the check-list should be given approval in one month.
"We have observed that it is not practically possible for the developer or the association to coordinate with these many people and departments to get the required approvals and clearances.
"Thus, we feel a strong need of Prime Minister's intervention and urge Prime Minister's Office to combat these issues," Jain said.
The association wrote the letter to PM last month and had also sought meeting, he said.
"We strongly believe that a solid political will is required for inter departmental co-ordination and clean mandate to be issued to all the departments for single window clearance," Jain added.
Besides reduction in cost, Jain said housing supply and government's revenue would double if there was no delay in approvals.
