Maharashtra Introduces Major Reforms to Boost Construction Sector

Mumbai: In a significant move to support the construction sector, Maharashtra Revenue Minister Chandrashekhar Bawankule has announced several key reforms. These include the waiver of excavation royalty and the digitization of the non-agricultural (NA) permission process. The decisions were made during a meeting with representatives of CREDAI at Mantralaya.

As per the new policy, no royalty will be charged if minor minerals excavated during construction are reused at the same project site. This move is expected to significantly reduce project costs and ease the financial burden on developers. Additionally, the royalty payment system will be simplified and made applicable for a six-month period.

In another major step, the state government has directed that the entire NA permission process will be made fully online within the next 10 days. This will eliminate the need for developers to approach district collectors and reduce delays caused by lengthy administrative procedures.

The meeting also discussed adopting the ‘Pune Pattern’ of digital tracking system across the state, which has proven effective in ensuring transparency. The demand for immediate updating of property cards following the registration of documents was also accepted in principle by the minister.

To ensure smooth implementation, separate meetings will be held with Ashwini Bhide and Ravindra Binwade to resolve technical issues. CREDAI expressed confidence that these reforms will provide a major boost to the real estate sector in Maharashtra.

The state government's efforts to streamline processes and reduce costs are expected to attract more investment in the construction and real estate sectors. These reforms are likely to benefit both large developers and small contractors, making the construction process more efficient and cost-effective.