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:
Discover how officials disclosed the scale of the Zirakpur Council scam to a panel. Get the latest insights on this unfolding scandal impacting municipal governance and accountability.
The Punjab RERA chief seat remains vacant even after a month, impacting real estate regulation. Stay informed on the latest developments and the implications for property approvals and oversight in Punjab.
Zirakpur Council Scam Scale Revealed to Panel by Officials!
Punjab RERA Chief Position: Still Vacant After a Month
Metro's Impact on Tricity Real Estate: Unlocking New Frontiers
Mayor Takes Charge: House Tax Committee Sparks Action!
Real Estate Buzz: Ghar Directory Spills Chandigarh's Trend Secrets!
Add Property