In seeking real estate solutions that match with their business and growth strategies, India Inc has suggested faster government approvals to help strengthen the country’s infrastructure sector.
Addressing at CII Conference on Infrastructure and Project Management, Subodh Runwal, Director, Runwal Group said: “The existing approval systems are posing a major roadblock in managing projects. There has to be single rather than multi-layer clearing system that exists today. The middle class finds housing unaffordable in Mumbai as the infrastructure costs are very high.”
Ninad Karpe, Managing Director & CEO Aptech, believed that infrastructure projects have been facing a tough phase but at the same time they have successfully managed to stay afloat by innovating the way they conduct business.
Construction and the various other infrastructure projects have an important role to play in the development of any economy believed Gurjot Bhatia, Senior Executive Director-Project Management Group, CBRE South Asia. “Special emphasis should be given to this sector,” he added.
Vinod Gowani, Managing Director, TG Group believed that tax holidays, speedy customs clearances and continuous inflow of highly skilled engineers were the three things that were urgently required in this sector. “We hope that the government would take steps to ensure these things soon,” he added.