CREDAI Pune Metro welcomes PMC’s move

Sakal Times
Tuesday, 2 January 2018

CREDAI Pune Metro has welcomed the decision of the Pune Municipal Corporation (PMC) to permit construction sanctioning by licensed architects or engineers. This decision marks a tremendous shift in approach.

Pune: CREDAI Pune Metro has welcomed the decision of the Pune Municipal Corporation (PMC) to permit construction sanctioning by licensed architects or engineers. This decision marks a tremendous shift in approach.

Shrikant Paranjape, President of CREDAI Pune Metro said, “The decision taken by the municipal commissioner marks a shift in approach that has never been seen before. Given the proactive approach by the municipal corporation we believe that this first step of issuing the building permissions in successful conditions can lead to layout approvals which can also be carried out in the same manner. This step will mark a complete transition.  The action will accelerate approvals for developers thereby reducing the holding costs for developers. In the long run, this will help bring apartments faster into the market and the reduced holding cost can translate to lower cost on account of better predictability of the approval process.”

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