‘Advisory Committees’ to sort out problems of Homebuyers and Builders

On Friday, at the Global Investment Summit 2018, Gurugram the Union Minister of State in the Ministry of Housing and Urban Affairs, Hardeep Singh Puri said that ‘Advisory Committees’ have been set up by the government in the southern, eastern and western region to fix the existing issues of real estate.

The committees will counsel with homebuyers and builders and look to solve problems for the same so that the deliveries of affordable houses are not postponed further and developers are also ready to deal with their beaurocratic problems.

The assigned work of the committees will begin in June 2018.

The government was advised by Mr Rajeev Talwar, chairman NAREDCO (National Real Estate Development Council) to take care of those real estate builders and developers whose land parcels have been mortgaged by different states in pretext as it would postpone the venture’s completion date and put a stop to the country’s real estate development.

The minister put the blame on some selected real estate developers who have defamed this sector noting that proper action will be taken against them as per the law. He also assured that the Union government – in counsel with the state of Haryana and UP, would be able to fix and solve the problems of NCR developers and builders.

Hardeep Singh Puri also said that the members of the Advisory Committee will also address the issues of builders related to RERA.

June 2, 2018 / by / in , , , , , ,
Since 2014, over 45 lakhs houses built in urban areas

Since forming the government in 2014, the BJP-led NDA government has given consent to the construction of 45.86 lakh houses in metropolitan cities, registering an increase of nearly 240 percent when compared to the UPA governments 10-year tenure, as per official data.

Construction of 13.45 lakh houses was approved during UPA I and II under two schemes – Rajiv Awas Yojna (RAY) and Jawaharlal Nehru National Urban Renewal Mission (JNNURM), as stated by housing and urban affairs ministry data.

A senior official while quoting the data said that the 45.86 lakh houses have been sanctioned under the flagship scheme – Pradhan Mantri Awas Yojna (PMAY).

Under PMAY (Pradhan Mantri Awas Yojna), the government plans to construct around 1.2 crore houses for the urban poor by 2022.

The central assistance affirmed by the UPA government was to the tune of Rs 20,303 crore for development of 13.45 lakh houses for poor people, while the NDA government has endorsed Rs 70,716 crore for development of authorized 45.86 lakh houses up until this point, as indicated by the data.

Development of 8.04 lakh houses was finished in the UPA’s administration, while 7.25 lakh houses, including the houses left under the JNNURM and RAY, were built since the NDA government came to control in 2014, the authority said citing the data.

During its 10-year tenure, the UPA government released Rs 17,989 crore for the development of the houses, whereas the NDA government has released Rs 25,264 crore for the development of houses for urban poor.

The remarks came as a counter to Congress MP K C Venugopal attacking the administration over the usage of the scheme, asserting that the nationalised banks were not giving loans to the poor and that PMAY was ‘failing’.

Hardeep Singh Puri, Housing and Urban Affairs Minister has countered the lawmaker’s claim, saying that the scheme was a ‘roaring success’.

May 22, 2018 / by / in , , ,