The Tamil Nadu government has introduced a groundbreaking initiative offering instant online approval system for building permits, specifically for houses built on plots up to 2,500 sq ft with a maximum construction area of 3,500 sq ft. Applications can now be submitted entirely online.
This new scheme, warmly welcomed by the real estate sector, aims to benefit middle-class families and stimulate housing development. However, its effectiveness will largely depend on how well it is implemented.
Under the scheme, fees for scrutiny, infrastructure, and amenities are completely waived, and a completion certificate is not required post-construction. A government release noted that currently, a significant percentage of building permit applications—72% from village panchayats, 77% from town panchayats, and 79% from municipalities and corporations—are processed through a Single Window System by the respective Local Bodies.
Anuj Puri, Chairman of ANAROCK Group, praised the initiative as a ‘one-of-its-kind move,’ suggesting that it could expedite real estate approvals and eliminate project delays and malpractices. ‘Getting necessary government approvals has always been a challenge for builders, leading to project delays and price escalations that affect homebuyers,’ Puri noted. ‘This new policy could help prevent such issues, benefiting developers and buyers alike.’
ANAROCK Research reported a 29% drop in new launches in Chennai in Q2 2024 compared to Q1 2024, with only a 3% year-on-year increase. Puri believes that easier approvals may encourage developers to launch more projects, potentially boosting market supply. Currently, Chennai saw the launch of 10,530 units in the first half of 2024, the second lowest among the top seven cities in India, just ahead of Kolkata.
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Whether you’re seeking to capitalize on new real estate opportunities or need to secure permits for your latest project, Vakilsearch is your trusted partner for prompt and professional assistance. Let us take the stress out of building permits so you can focus on what matters most.
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