A key source privy to the development said, “There is much ambiguity in policies relating to housing redevelopment, hotels and hospitals and development plans of different cities. All these factors have been hurting real estate development in the state.”
“Considering representations from various sectors, the urban development department has initiated the process to revise the CGDCR and bring all policies, norms and GDCR at a par. Besides, other demands of real estate associations are also being considered,” sources added.
Sources said at present there are many ambiguities in the hospital policy and CGDCR, which has been hurting growth of the health sector in the state.
“Various medical bodies have been requesting the government to remove contradictory provisions which adversely affects new projects in the state in the hospital sector. Likewise, other sectors have also demanded amendments in the CGDCR,” sources said.
CREDAI, the apex body of the real estate sector, has given several representations for revision in the CGDRC which will boost the real estate development and employment in the state, sources said.