Affording a Home~II

One of most critical challenges to provide affordable housing especially in urban areasis in the limited nature of supply of urban land. Urbanization has grown at a fast pace, with the proportion of urban population rising from 27.8 per cent in 2001 and is estimated to constitute 89 per cent of the total population in 2051. Apart from the original residents in these urban areas, migrants from rural and peri-urban areas who come to the cities in search of employment, require shelter and housing

Panel on stalled real estate projects submits its report

The committee was formed in March by the Union Housing and Urban Affairs Ministry comprising officials of the Union Finance Ministry, Uttar Pradesh and Haryana state governments, the Insolvency and Bankruptcy Board of India, the National Housing Bank and the Real Estate Regulatory Authority (RERA) of Haryana and UP.

DDA applied for registration of 18 projects before RERA, Delhi since 2019

The DDA has filed an appeal before the Real Estate Appellate Tribunal against the requirement of registration of DDA projects under RERA. So far, no projects of the DDA have been registered under RERA, Minister of State for Housing and Urban Affairs Kaushal Kishore said in a written reply in the Rajya Sabha.

Relief for home buyers: RERA pulls up realtor for abandoning incomplete project midway

The real estate regulatory authority passed the order in response to a petition moved by the allottees of Kalyan Plaza Annex Housing Project and directed the Hi Tech Estates & Promoters Private Limited that “the builder can not shift the responsibility of maintenance to the flat owners unless the project is fully completed, flat owners society is formed, the common area is transferred to the society and production of valid occupancy and completion certificate.

Two years of RERA: Implementation still patchy in many states

West Bengal has refused to implement the Act as it has its own West Bengal Housing and Industrial Regulation Act (WBHIRA). This has, however, been challenged in the Supreme Court by the Forum for People's Collective Efforts (FPCE), an umbrella association of home buyers.