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Realty hits green hurdle as rules bent for Ease of Doing Business in court

Easing rules to improve Ease of Doing Business ranking has ended up in court

A survey shows 78% of NRI respondents indicated they prefer owning a property  in India over other asset classes such as stocks, fixed deposits or mutual funds
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Nitin Sethi
One of the National Democratic Alliance government’s major achievements in the last year of its tenure has been to improve India’s rankings in the Ease of Doing Business index. India moved 23 stops up the charts to reach 77 on the Ease of Doing Business ranking. A key contribution to this improvement came for from simplifying the layers of permissions required for the real estate and construction industry. 

The ranking system assessed how few and how fast construction permits are secured in Delhi and Mumbai. The government secured a better ranking in 2018 through this narrow focus of bringing reforms in