Published in:
The Economic Times
Pubished on:
10 Nov 2015
"Real estate laws are mostly state laws and there are lot of legal overlaps here," says Getamber Anand, president, Confederation of Real Estate Developers' Association of India (CREDAI). "In most states, real estate builders are required to get 40-70 approvals before starting a project. These approvals take anywhere between 2 and 4 years to come by," adds Anand, arguing that the whole process of approvals must be made online to reduce corruption and bribery, which is rampant in the business.