The rate of completion of houses under PMAY(U) is approximately 14,252 houses per month which was only 8,333 houses per month under the earlier scheme, the release claimed.
Next date hearing set for April 16
On the residential side, about Rs 2,000 crore worth of investment expected. As many as 350 affordable units to be handed over in the first week of May
A bench comprising Justices Madan B Lokur and Deepak Gupta asked the DDA's counsel how the conversion charge for commercial use of upper residential floors of various markets in the national capital had been reduced.
Supreme Court also asked JM Financial ARC Ltd to pay Rs 25 lakh for ‘wasting the court’s time’ and diverting its attention from homebuyers’ issue
Total apartments launched in 2016 and 2017 was 233,387 units
This proposal will help homebuyers get promoted to a higher level and have a voice in the resolution process.
While some cities have planned night markets for women, taken a conscious decision to purchase unisex bikes as part of the bike sharing initiative and even launched safety apps, much more needs to be done to make them truly gender smart
Suggestions from public have been received and are being examined.
Proceedings will begin if company fails to submit details or makes false declaration
Unsold inventory of 4.4 lakh housing units across the country expected to ensure capital values remain stable to ensure sales velocity
It also permits the use of FAR availed up to 2 percent for daily needs shops, canteen, ATM, grocery, library, mobile shop, pharmacy, barber shop etc
Physical progress both for the Pradhan Mantri Awas Yojana Urban and PMAY-Grameen has been slow.
To also support approaches in integrated planning and basic services.
While some experts feel that this is an 'excellent move' and will affect the Delhi-NCR market the most, builders are of the view that it will lead to a further liquidity crisis.
The apex court also directs the developer to submit details of amount pending from homebuyers.
"Is it not a way of life here," a bench of Acting Chief Justice Gita Mittal and Justice C Hari Shankar asked when the issue of illegal registration of commercial properties as residential ones was raised before it in the plea, which also sought a CBI or SIT probe into the matter.
The funds were disbursed by the Centre in financial years 2014-2015 and 2015-2016 with Delhi government adding its share and releasing the amount to the civic bodies and agencies.
Apex court informed that Mahindra and Piramal group have expressed interest in buying Aamby Valley
The apex court had earlier observed that the rule of law over sanction to construct buildings had "completely broken down" in Delhi and expressed concern over illegal construction.
Bidding process under resolution process to continue. Next date of hearing set for Feb 12
All new project launches are on hold
With a massive urbanisation rate of more than 30% (estimated to reach 40% by 2030), the demand for homes in India an assured long-term story in which chapters will continue to unfold.
While they had planned their finances well while booking the flat, or atleast they thought so, the Indian middle class failed to provision for frauds, diversion of their funds and breach of contract, which have become commonplace in real estate dealings.
GST Council-approved tax cuts on houses constructed under PMAY scheme to be applicable from today