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Centre planning to introduce single window system for building approvals

He also defended the government on involving the private sector, which includes the Ambanis and Adanis, in public-private partnership.

Published: 06th November 2016 03:24 AM  |   Last Updated: 06th November 2016 03:24 AM   |  A+A-

Buildings

Image used for representational purpose only.

By Express News Service

CHENNAI: Building approvals which take six long months, will hereafter be done in 60 days with the Centre planning to introduce the single window system under ease of doing business’ by this year end, according to the Union Minister for Urban Development and Housing M Venkaiah Naidu.

Addressing the Platinum Jubilee celebrations of the  Builders Association of India (BAI) here on Saturday, he  said the Prime Minister Narendra Modi was insisting on ease of approvals and wanted to cut down red tape and roll out the red carpet to investors as the Indian economy was the only one which was growing when the world economy, including that of China, was witnessing a slump. 

He also defended the government on involving the private sector, which includes the Ambanis and Adanis, in public-private partnership. “When we can do business with China and Pakistan then what is wrong in involving Ambanis and Adanis,” he asked. 

He said nearly 50 per cent investment was required from the private sector to develop infrastructure worth one trillion dollars. He also said the Real Estate Regulation Act had been notified by the Centre. “It is now upto the States to ratify it.” 

The law would pave the way for Tamil Nadu to set up the  State Real Estate Regulatory Authority once the State ratified the Act.Naidu also released the 75 Years Journey Book of BAI. The first copy was  received by B Seeniah, former president of BAI.



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