The Maharashtra government is now looking to fast-track project clearances that have been gathering dust for over one year. 2011 was a year of record low launches in the Mumbai realty space with leading companies barely announcing a handful of new projects.
 
 While Godrej Properties and Bombay Dyeing launched one project each, Lodha Developers could only launch its Wadala project which is outside the jurisdiction of the BMC or the Brihanmumbai Municipal Corporation others, such as Oberoi Realty, Indiabulls and Orbit Corporation did’nt even have a single launch.
 
 So why this freeze? On one hand, the State government has been slow with project approvals. On top of that developers too have had to rework projects due to the new DCR guidelines. For example, Indiabulls and Oberoi Realty have both had to change the fine print of projects launched almost 20 months back and are now looking at a re-launch.
 
 Maharashtra Chief Minister Prithviraj Chavan says that the old BMC commissioner set up some new timelines. Now the government changed the building rules to get in some transparency. Whenever rules are changed, it takes some time to set in. The CM is meeting industry representatives and whatever difficulties they are facing will be resolved.