Cushman & Wakefield
Recommended
Global property
consultant Cushman & Wakefield recommended a single-window clearance for
housing projects to tackle rapid urbanisation.
"Execution of
projects is one of India's main weaknesses;it truly fuels the culture of slower
implementation.India must move towards a singlewindow clearance so that 18 to
24 months are not spent on getting permissions,"C&W and PHD Chamber
said in a joint report.
The consultant said
that 'political will,action and implementation' were key factors to handle
urbanisation. Urban India would have 60 crore people by 2031, an increase of
59% from 2011, according to the report 'Challenges and Opportunities for
Housing Sector in Urban India'.
Besides single-window
clearance, C & W listed out several measures to tackle rapid urbanisation
including, innovative use of land, adequate funding, doing away with Rent
Control Act, promotion of rental housing, incentives on affordable housing and
credit access to people falling in EWS / LIG categories.
Speaking at the
event, Delhi Development Authority chief
vigilance officer, Mr. Sunil Gulati, favoured vertical development and
rental housing to boost supply of residential properties."Almost 10% to15%
of urban properties are vacant.
Huge investment is
blocked," he said, while pitching for the amendment of the Rent Control
Act. Gulati also suggested doing away with various approvals to avoid delays.
DLF Group Executive
Director Mr. Rajeev Talwar rued that 'for 70 years,we have not been able to
provide housing'. He said the FAR (floor-area ratio) is not a 'dirty word' and
favoured an increase in FAR to boost housing supply.
The Floor Area Ratio
(FAR also FSI - Floor Space Index) is the principal bulk regulation controlling
the size of buildings. FAR is the ratio of total building floor area to the
area of the plot. Talwar also stressed on giving impetus to infrastructure
development.
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