THE Maharashtra Government has introduced several policies to give boost to the real estate sector like the Unified Development Control and Promotion Regulations (UDCPR) and MahaRERA, but still there are some issues which need to be looked into and sorted out, said Anil Nair, Managing Director of Pioneer Group in an exclusive tête-à-tête with The Hitavada. “Under the present circumstances, the online sanctioning software is creating a lot of problems and re-assigning plans even if they are correct under rules of UDCPR. Government should streamline the online sanctioning process to fastrack projects,” which was the main purpose to avoid delays in plans. The Government should impart training to architects, and members of the Architect Association (IIA) who are having technical knowledge of the sanctioning process and who can deal with it in a more effective way.

 

Apart from this, in Transferable Development Rights (T DR) generation, there is an immense shortage in the market so the Government should give Premium FSI to the extent of TDR requirement additionally for a specific period of time till enough TDR is generated in the market, he said. Nair is of the view that the real estate sector in Nagpur is growing at a phenomenal rate, but the charges of development cost levied on the plan need to be reduced to maintain the price parameter in the market. Pioneer Group was started by Nair in 1997 and has completed more than 25 projects including various townships till date.Today, Pioneer Group is one of the leading developers in Central India with an impeccable reputation due to its high-quality construction, code of conduct and honest dealings. At present, Nair is building a three-star hotel at Laxmi Nagar square which is scheduled to be opened by this year-end. In the pipeline are three housing projects which are under various stages of construction and would be handed over soon. Nair advises new home buyers to scout for projects that are MahaRERA registered, and builders who are members of CREDAI Nagpur Metro.