City may see more skyscrapers, Real Estate News, ET RealEstate

July 6, 2023

CHENNAI: The city’s landscape may see be dotted with more skyscrapers due to the sudden volte-face by the government to reclaim the power granted to Chennai Metropolitan Development Authority (CMDA) on issuing planning permission for highrise buildings.

Builders have welcomed the move as this could cut delays in clearing planning proposals and ensure speedier conclusion of projects. But they also hope that the files don’t remain stagnant with the government, as in the past.

“The government will be able to track the progress of the planning permission and if there is any delay, we can question the officials. Delay in clearing files will be curbed,” said CMDA minister P K Sekar Babu.

As per the new amendment, a panel comprising member secretary (CMDA) and eight other officials from department of fire and rescue services, Tangedco, Metro water, police and others – will scrutinise the plan for highrise buildings and recommend it to the government. The government will then issue an order on the permission.

Prior to April 2022, a similar process was followed. “However, the file used to remain stagnant with the government and this caused a huge loss to the construction industry. Hence, we thought it will be better if approval was given by CMDA itself as was the practise in Directorate of Town and Country Planning,” said a developer.

Subsequently in April last year, an order was passed stating that MSB panel can approve buildings upto 30.5-meter height. Permissions for buildings higher than 30.5 meter will be first cleared by the MSB panel and recommended to a HRB committee in CMDA.

“But there was a huge time gap between the conduct of the MSB panel meeting and the HRB committee meeting. Due to this, a lot of files were pending. Hence, we felt it would be better if the Government has powers and in case of delay we can represent the CMDA minister immediately rather than going through a tedious process,” a developer said.

Sridharan, Chairman Lyra properties and National vice president (South) CREDAI, said that developers have been consistently requesting government to implement Single window system with timelines for approvals “This in turn will boost housing industry ,generate more revenue to government, create employment opportunity, increase businesses of related industries and also provide adequate choice to customers,” he said.

President of Confederation of Real Estate Developers’ Associations of India (CREDAI) S Sivagurunathan said they had requested the government to clear the permission within 10 days of reaching them.

  • Published On Jul 6, 2023 at 09:30 AM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETRealty App

  • Get Realtime updates
  • Save your favourite articles

Scan to download App

Source link

Abhay Singh

Web Developer

Leave a Comment