-The Times of India NEW DELHI: The National Green Tribunal has shelved Delhi Development Authority's new building bylaws which exempt realty projects from undergoing environment impact assessment (EIA).   In a detailed judgment dated December 8, published on Wednesday, NGT also stayed the Union environment ministry's notification of December 9 which exempted real-estate projects (up to 1,50,000 sq m built-up area) in the country from undergoing EIA and obtaining environmental clearance (EC). Aimed at...

-The Times of India NEW DELHI: At least 62% of under-construction housing projects across 50 cities are delayed, while the percentage for delayed flats/apartments stands slightly higher at 64%, recent analysis by a real estate research firm has found. According to data accessed by 'Fight for RERA', the umbrella body of flat buyers, from research firm Liases Forras, nearly 30% of underconstruction apartments are delayed by two or more years. "Flats or houses...

-The Hindu Business Line After decades of neglect, Delhi’s government schools are finally turning the page with much-needed improvements to facilities and teaching methods. But problems such as staff shortage and a broken primary education system refuse to go away easily Delhi’s bustling IP Extension has a familiar skyline — a linear arrangement of ageing residential complexes. A gleaming new building in their midst catches the eye. Until recently, the Rajkiya Sarvodaya...

-Hindustan Times The central government has extolled RERA as a panacea for exploitation of home buyers with the establishment of an independent authority in each state. But its own actions in the Capital reflect poorly on the objective The Real Estate (Regulation) Act, 2016, the flagship legislation to protect home buyers, has come into force, but its implementation on the ground continues to lag, with the central and state governments equally lax...

-The Times of India NEW DELHI: Real estate developers across the country are in a quandary as the Centre has stopped them from marketing ongoing projects yet to be registered with their respective state's real estate regulatory authority (Rera), and most state governments are neither ready with rules under the new Act, nor have they created the authorities. In a written clarification to the National Real Estate Development Council (NAREDCO), the Union...