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Report on environmental clearance for Real estate projects 'not traceable' says ministry -Jayashree Nandi

-The Times of India NEW DELHI: The environment ministry has said that a report reviewing the requirement of environment clearance for Real estate projects and buildings is now "not traceable." This reply was given on an RTI enquiry filed in July that had asked for a copy of a committee report headed by K Kasturirangan, member, Planning Commission in 2013. The RTI had also asked for a report submitted by an expert...

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Builders can be arrested for not delivering: National Consumer Commission -Utkarsh Anand

-The Indian Express The NCC held that it is for the presiding member of the consumer forum to choose either of the methods to ensure its orders are not breached. New Delhi: IN A stern message to all builders, the National Consumer Commission (NCC) has held that officials of Real estate firms can be arrested for failing to hand over flats or make refunds on time. Last week, the Commission bench, presided...

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Govt to discuss bill to punish celebrities for misleading ads

-Hindustan Times New Delhi: An inter-ministerial panel is likely to discuss on Tuesday a draft bill prepared by the consumer affairs ministry which seeks to punish celebrities who endorse products that are substandard or make misleading claims. The stringent provisions in the bill include a fine of Rs 10 lakh and jail of up to two years for a first offence by celebrities. For subsequent offences, the draft bill provides a fine...

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Concrete takeover

-The Indian Express Floods and water-logging show that urban planners have paid scant respect to hydrology Rains have been good this monsoon season so far. But instead of welcoming the bounty, urban India seems to be wallowing in misery. Guwahati is flooded. People in Delhi, Gurugram, Mumbai and Hyderabad are beset with water-logged streets and traffic snarls. Even half an hour of rainfall is enough to make a lot of places go...

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Builders may have to pay 11% interest on delayed projects -Prabhakar Sinha

-The Times of India NEW DELHI: Developers may have to pay 11.2 per cent interest to buyers for delay in handing over apartments and homes, according to draft rules unveiled by the government, a step seen as bringing relief to homebuyers reeling under the impact of delayed projects and mounting loan liabilities. The rules also say projects without a completion certificate will have to register with the Real estate Regulatory Authority, to...

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