India, Aug. 13 -- For developers seeking to undertake development of residential or commercial project in any of India's Tier 2 or 3 cities, securing necessary statutory approvals and permissions, including land use conversion, building plan approvals, clearances from local fire, pollution, and airport authorities, as well as registering under Real Estate (Regulation and Development) Act, 2016 (RERA), if applicable, are fundamental requirements. These approvals are critical for facilitating financing, and mitigating the risk of work stoppages, penalties, and legal complications which may arise from unauthorised development. Adherence to these legal mandates fosters trust and transparency amongst buyers and investors.

To enhance statutory...