WB Cuts Building Approval Time by 20% Boosting Realty

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West Bengal Streamlines Building Approvals, Speeds Up Realty Growth
The West Bengal government has announced a significant 20% reduction in approval times for real estate development projects, aiming to accelerate the city’s residential construction pipeline. This reform is expected to boost new housing developments, especially in key residential corridors such as EM Bypass and Tollygunge.

The streamlined approval process comes as a part of the state’s broader initiative to improve ease of doing business in the real estate sector. By simplifying paperwork and expediting clearances, authorities hope to reduce project delays that previously hindered builders and developers.

This faster regulatory framework has already sparked increased interest from developers who are now moving ahead with more projects. The result is expected to be an expansion in the availability of mid- to high-end residential units in Kolkata, offering greater housing choices for the city’s growing population.

Buyers are also expected to benefit from this reform as quicker approvals can lead to faster project completion and possession timelines. Industry experts believe this move will strengthen Kolkata’s real estate market and enhance investor confidence in upcoming developments.

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