NAREDCO welcomes the formation of Gurugram Metropolitan Development Authority

   National real Estate Development Council (NAREDCO), the real estate industry body welcomes the formation of Gurugram Metropolitan Development Authority (GMDA) and forsees the development as pro-consumer expecting that the move will boost the real estate market and will be a key factor in easing of the functioning of the sector in the city

  • NAREDCO expects that the various approving authorities should also be placed under one roof in Gurugram for smooth functioning

New Delhi: A key initiative of the National Real Estate Development Council (NAREDCO) to establish the Gurugram Metropolitan Development Authority (GMDA) has become a reality with the Haryana Cabinet clearing the Gurugram Metropolitan Development Authority Bill 2017. The National Real estate industry body welcomes the move of the state government and extends its full support in furthering the implementation and working towards the smooth functioning of the Authority.

 

GMDA coming into action shall look into the wholisitic development of the city’s infrastructure and the socio-economic development of Gurugram. It shall work towards the overall growth and development and will pave the way for a cleaner city, with smart transportation and mobility solutions.

 

Welcoming the move, President NAREDCO Mr. Parveen Jain said, “We congratulate Honourable Chief Minister, Shri Manohar Lal Khattar on clearing the Bill. His appointment as the chairman of the new authority shall be the real game changer for the millennium city. The formation of authority will not just boost the city’s growth and development but will also generate more employment opportunities. In addition to these, the formation of the authority will have a direct impact on the infrastructure development of the city.”

 

Mr. Jain pointed out that ‘The real issue which needs to be tackled for the fast delivery of projects without unnecessary delays and in which GMDA can play the key role, is to adopt a system wherein all the approving authorities can be brought under the same roof or under GMDA itself in Gurugram. Presently, the developer has to run to different authorities in different places with different time frames for various clearances and approvals of the same project.

 

The project being the same, one important aspect is that initially if one approval is given and there is delay in giving subsequent approvals, the time-frame of the initial approval also expires and it has to be freshly applied for. Another aspect is that the various clearances and approvals are inter-related and inter-dependent, so even if one gets delayed, it can start a chain reaction and the project can get delayed unnecessarily. Hence we need to look into these problems in detail and NAREDCO insists that GMDA should be the ultimate single authority giving approvals and clearances under one roof in Gurugram’.

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