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Need for a policy change in affordable housing

Sandeep Mehta
CREDAI is the abbreviation of Confederation of Real Estate Developers Association of India. In today’s world developers are taking all risky challenges to get consent/approval. The first and foremost priority is to work with the authorities such as CMDA, DTCP and see how to reduce the approval cycle to the least possible time. Approvals are taking more than six months to one year duration; the end users are the ultimate sufferers. Nevertheless, developers play a crucial role of middleman as they accumulate various components like land, contractors, building materials to produce the end product. The cost of interest goes to the customers as a project gets delay. 

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