Real Estate India

Credai Urges Maharashtra to Fast-Track Real Estate Approvals

By GeoSquare News Desk · Published 2026-11-06

The Confederation of Real Estate Developers' Associations of India (Credai) has urged the Maharashtra government to streamline approval processes for real estate projects. Developers across Mumbai, Pune, and Nagpur face prolonged waits for essential clearances, which inflate costs and delay possession for homebuyers.

Key Bottlenecks Identified

According to Credai, water certificates, power NOCs, and land conversion Sanads take up to six months to secure. These delays are particularly acute in peri-urban areas where infrastructure is still developing. The association argues that a single-window clearance system, already announced, must be implemented effectively to cut red tape.

Impact on Buyers and Investors

For property buyers, delayed approvals mean extended timelines for project completion and potential cost overruns. Investors, especially those in pre-launch phases, face uncertainty. Credai highlights that faster approvals would reduce carrying costs for developers, potentially leading to more competitive pricing.

Way Forward

Credai suggests digitising land records, integrating state and municipal databases, and setting strict timelines for each approval stage. The state government has shown willingness, but execution remains a challenge. A transparent tracking system would benefit all stakeholders.