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Delay in permissions to project hits builder, buyers hard: MCHI, Thane

<p>The undue delay in grant of permissions by various agencies has affected construction activities in the district, thus affecting the home buyers, builders and developers, according to MCHI-CREDAI, Thane</p>

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Thane: The undue delay in grant of permissions by various agencies has affected construction activities in the district, thus affecting the home buyers, builders and developers, according to MCHI-CREDAI, Thane.

It has been observed that once a builder goes in for the project and finance, and starts the process of seeking permissions, it takes around two years to get all nods, Maharashtra Chamber of Housing Industry (MCHI)- Confederation of Real Estate Developers of India (CREDAI), Thane, President Ajay Ashar told reporters here yesterday.

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