The housing and urban affairs ministry has set up a committee headed by former CEO of Niti Aayog, Amitabh Kant to examine the issues related to legacy stalled real estate projects in the country and recommend ways to complete them.
The ministry notified the committee almost a year after the Central Advisory Council (CAC) headed by Union housing and affairs minister Hardeep Singh Puri had decided on the move.
The committee shall submit its report within six months suggesting ways to "complete and handover" these projects in a "time bound manner". The 14-member committee comprises of top central and state government officials, including Union finance and corporate affairs secretaries, secretaries from UP and Haryana governments, chairperson of Insolvency and Bankruptcy Board (IBB), chiefs of real estate regulators and chief investment officer of the SWAMIH investment fund.
Source: Economic Times
Related posts:
The Baltana Railway Underbridge is nearing final approval & marking a major breakthrough for commuters. With funding cleared and plans in place the project is set to deliver safer travel, reduced congestion and smoother connectivity for the region.
Mohali has officially widened its Municipal Corporation boundaries, bringing major sectors, Web City pockets, and key developing areas under MC governance. With improved civic services, stronger infrastructure, and faster approvals, this expansion marks a major boost for residents and the...
Big Progress: Baltana Railway Underbridge Nears Final Approval
Mohali Expands Big: New Areas Officially Join Municipal Corporation
Why Homebuyers Can’t Stop Choosing Chandigarh
Game Changing Move: Punjab Rolls Out Easy Registry Initiative for Hassle Free Property Work
Big Relief for Flyers: Mohali’s New Airport Road to Open by Year End
Add Property