In a move to streamline real estate processes in Navi Mumbai, the Maharashtra government has formed an expert four-member committee.
With members from real estate bodies such as CIDCO and CREDAI-MCHI-BANM, the committee will take care of development-related aspects and suggest solutions to any problem in real estate related infrastructure development.
Recall here that CIDCO undertakes various mega infrastructure projects in Navi Mumbai, including Navi Mumbai International Airport, Navi Mumbai Metro, etc.
Sanjay Mukherjee, vice-chairman and managing director, CIDCO, said: “CIDCO has always been at the forefront in providing innovative solutions for the betterment of the real estate industry in Navi Mumbai. Recently, under the guidance of the Hon’ble Chief Minister of Maharashtra, Shri Eknath Shinde, we have inaugurated the Ease of Doing Business Cell for the benefit of real estate developers and homebuyers will bring more transparency in the functioning. This move will help expedite various projects and pave the path for the rapid development of the real sector in Navi Mumbai and adjacent areas.
CIDCO has allotted land parcels on lease to various real estate developers to create residential and commercial projects. At the same time, CIDCO will be responsible for bringing the required infrastructure and civic amenities to these plots and their immediate vicinity. However, despite the developers completing their projects on time at various plots and locations, basic infrastructure like roads, water and other basic amenities are taking time, eventually delaying clearance.
Boman Irani, president, CREDAI MCHI, said: “We at CREDAI-MCHI had formed a task force to try and resolve the issues faced by our developer members working in Navi Mumbai and Raigad regions. We are glad that the government of Maharashtra is forming a committee to resolve these issues…this pragmatic decision which will be helpful to the home buyers as well as the real estate industry of Navi Mumbai.”
“Many projects were delayed due to the delay in providing basic infrastructure… We are happy that the government of Maharashtra has accepted our recommendation and formed a committee… This move will help restart various stuck projects and clear how to give possession to various home buyers in projects held up due to delay in resolution of premium issues by CIDCO,” Raajesh Prajapati, convenor of CIDCO Task Force of CREDAI -MCHI, said.
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