The Union Housing and Urban Affairs Ministry has created a committee to tackle the problem of incomplete real estate projects. The committee, consisting of 14 members and chaired by Amitabh Kant, will focus on stalled legacy projects and make recommendations on how to complete them. The committee was formed in response to a recommendation made by the Central Advisory Council under the Real Estate (Regulation and Development) Act, 2016.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The committee will be responsible for finding ways to complete and hand over legacy stalled projects to homebuyers in a timely manner. The members of the committee include officials from the Uttar Pradesh and Haryana state governments, the NOIDA CEO, the Corporate Affairs secretary, and the chairperson of the Insolvency and Bankruptcy Board of India. The committee has been given a deadline of six months to submit its report, and may co-opt additional members as needed.
You may also read this:
India has many cities that are famous for their unique industries, and some of them…
Some deserts are extremely hot, but some remain cold throughout the year. These cold deserts…
In today’s world, news media plays a very important role in sharing information quickly and…
PNB Housing Finance has announced the appointment of Ajai Kumar Shukla as its new Managing…
In a major push towards deepening financial inclusion, the Department of Posts (DoP) and BSE,…
India’s retail inflation, measured by the Consumer Price Index (CPI), increased modestly to 0.71% in…