Deepak Kapoor, President, #CREDAI-Western U.P. & Director #GulshanHomz: It is not appropriate to include ongoing and previous projects in this bill
1. Deepak Kapoor, President, CREDAI-Western U.P. & Director Gulshan Homz –
It is not appropriate to include ongoing and previous projects in this bill. Government should understand that the if the project is almost complete and possession has already been offered to a majority of residents, taking the project back on the drawing boards to the regulator and having it registered post the submission of all documents will only delay the proceedings and this will ultimately bear a direct impact on the delivery time frame of the projects.
2. Vikas Bhasin, MD, Saya Group –
The real estate bill was welcomed by all, be it a developer or any person who is remotely associated with the real estate sector but the bill which was brought forward post multiple amendments did have some aspects to it which would make the work of developers more difficult. Now that completed projects would also be included in the bill, it will definitely come forward in the form of delay in the possession of completed projects
3. Rupesh Gupta, Director, JM Hosuing –
The pressure from appointing a regulator within a year to the extent of every state creating it’s own version of the bill is enough to prove that this bill will definitely improve the current scenario in the sector. But, the government should not have overlooked the developers and tried having a look at things from their point of view. Before implementing this amendment in the bill, the government should have incorporated single window clearance and simultaneously fixed time frames for approvals.”
4. Ankit Aggarwal, CMD, Devika Group –
Even after making the bill very balanced, there are still certain provisions which need to be worked upon by the government very minutely. Involvement of authorities and timeframes for approvals are areas which need to be addressed at the earliest.
