-The Hindu Amitabh Kant attributes downshift to spate of measures including GST, RERA and IBC New Delhi: A spate of reforms undertaken by the government has led to the current slowdown in the country, Amitabh Kant, the CEO of policy think-tank NITI Aayog, said on Friday. This came as a note of caution from the senior official as he was advocating a series of policy decisions to revive the economy. Greater liquidity “Firstly, you...
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'By 2025, 95% of Bengaluru will be just concrete'
-The Times of India BENGALURU: Reiterating that the city is becoming an urban jungle, experts on Saturday estimated that nearly 95% of the city will be just concrete if the unchecked urbanisation was allowed to continue. Experts debated a host of issues, ranging from depleting green cover and poor solid waste management to inability of the Real Estate Regulatory Authority (RERA) Act in solving problems. At least 500 people representing various residents'...
More »Bank depositors' interests will be protected, assures PM
-The Hindu Business Line Blames UPA for NPA mess; says industry bodies should have been more vigilant New Delhi: Prime Minister Narendra Modi did not mince words when he addressed industry captains at the 90th Annual General Meeting of the Federation of Indian Chambers of Commerce and Industry here on Wednesday. In a speech that lasted slightly over 45 minutes, Modi put to rest all concerns pertaining to use of individuals deposits for...
More »Over 60% housing projects in 50 cities delayed: Survey -Dipak K Dash
-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...
More »Despite RERA, Centre and states not doing enough to protect home buyers -Manish
-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...
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