The real estate sector has been facing a lot of hurdles of late in terms of delayed approvals, delay in facilitation that is creating a lot of inconvenience. To help the developers overcome such challenges, Karantaka government will extend its complete support required by the real estate sector,” said C N Ashwath Narayan, deputy chief minister.
Narayan was speaking at CREDAI Statecon 2019 organized by CREDAI Karnataka.
“To avoid these challenges, the state government is coming up with new changes to make sure that Karnataka is the best place to do business, added deputy CM.
CREDAI Karnataka appealed to the government that they must look at abolishing all NOCs for plan sanction, withdraw extra 5% relinquishment for layout sanction by STRR & other LPAs, incorporate Fire NOC and environmental requirements in building bye-laws, discontinue provisional sanction and final sanction for layouts and cut down time loss due to duplication of processes during development plan and building plan
sanction.
The builders’ association also requested the government to allow substantial concession on plan sanction fees etc. for affordable housing and introduce uniform fee for Khata across the state.
Jagadish Shettar, Minister for Large and Medium Scale Industries said, “To support the sector, it is important to look at relaxing the rules which will help in the growth of the industry. The government will look into improving the business model which can help in the growth of the sector.”
