The maximum delay has been witnessed in Punjab at 48 months, followed by Telangana (45 months), West Bengal (44 months), Odisha (44 months) and Haryana (44 months). "The real estate and housing sector is battling several problems. These delays not only discourage investments in the housing sector but also lead to delays and corruption," the statement said. Assocham said the Centre and state governments must introduce a single-window system to approve real estate projects. The government should act as a facilitator rather than a regulator of the real estate projects, it added.
Source: dna April 09, 2017 05:37 UTC