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Centre cautions Chief Ministers on Real Estate Act timelines

Centre cautions Chief Ministers on Real Estate Act timelines

With buyers entitled to seek relief under the Real Estate (Regulation & Development) Act, 2016 with effect from the first of May this year, the Central government has cautioned the states of a “serious situation of vacuum arising” if necessary institutional mechanisms, as required under the Act, were not put in place before that.

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PMAY approvals cross 15 lakh with investment of Rs 82,708 cr

PMAY approvals cross 15 lakh with investment of Rs 82,708 cr

The Ministry of Housing & Urban Poverty Alleviation has asked all states and Union Territories to submit proposals for construction of affordable houses for the urban poor at the earliest so that the ‘Housing for All’ target in urban areas could be met by 2022 as envisaged.