NAREDCO meets Environment Min seeking fast project clearance

Realtors' body NAREDCO has met Minister for Environment and Forest Veerappa Moily demanding faster clearance of real estate projects.
A high level delegation of National Real Estate Development Council (NAREDCO) led by Chairman Navin Raheja, and President Sunil Mantri met Moily yesterday.
Industry body pointed out about delay in the project due to the time taken for environment clearance and sought that the system of giving clearance to individual projects should be scrapped.
"He (Moily) was very positive and assured us that our demand would be looked into," NAREDCO Chairman Navin Raheja said.
The association President Sunil Mantri demanded that rather than managing environment clearance at a micro level, all projects falling in the overall management of area should receive automatic clearance.

Government should come out with an Ordinance in this regard at the earliest for automatic clearance of projects which are Green rated by agencies like LEED/GRIHA, he added.
NAREDCO further suggested for a mechanism for online approvals within 60 days, because as of now lot of time and energy of the builders is spent in getting approvals from authorities.
The ministry should also scrap individual project clearances and should come up with environment clearance on the lines of development plan, it added.