Several realty firms, including Parsvnath, Juventus Builders and Developers, Alok Infrastructure, Oval Developers, Airmid Developers and NG Realty have sought the Government’s nod to shelve their SEZ projects amid continued tax uncertainties.
Union minister for urban development Kamal Nath on Thursday said the number of approvals a developer has to get will have to be cut down for faster and more efficient property development in the country.