Project monitoring group, Real estate

Of the initial target of 1 crore houses in urban India, 84 lakh had been sanctioned, he said on the sidelines of the event."We have sanctioned 84 lakh houses. I have full faith that by December 2019, all the 1 crore houses will be sanctioned. The additional demand of 12 lakh houses, which has raised our target to 1.12 crore, will be sanctioned in the first three months 2020," Puri said.Hoping that houses will completed in a timely manner, he said 24 lakh homes had been handed over to the PMAY beneficiaries. "We have done grounding of 48 lakh houses. This figure will soon reach 75 lakh. We have handed over 24 lakh houses and that figure will soon touch 50 lakh," he said.Puri also said the Real Estate (Regulation and Development) Act (RERA) had removed many aberrations. But as the Act was just two-year-old, it could not be expected to solve all problems at one go, he added."We are in the process of streamlining RERA procedures. But by and large, the regulator (Real Estate Regulatory Authority) has come to be accepted by all stakeholders," the Minister said.The statement has come a day after Union Housing and Urban Affairs Secretary Durga Shanker Mishra said the government was working towards amending several provisions of the RERA, which would benefit both developers and homebuyers.( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Operation Sindoor

Pahalgam Terror Attack

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Project Monitoring GroupFOLLOW

Project monitoring group, Latest News

Maharashtra :Maharashtra: NAREDCO members waive stamp duty for home buyers

The Maharashtra government on August 26 decided to temporarily reduce stamp duty on housing units from 5 percent to ... ...

Maharashtra :Maharashtra govt reduces stamp duty to 2% until Dec 2020

To promote affordable housing, the Maharashtra government on Wednesday decided to temporarily reduce stamp duty on housing units from ... ...

Business :Embassy Group amplifies its response to COVID-19

To combat COVID-19, Embassy Group, India's leading Real Estate company, has amplified its response over the extended lockdown order to support affected communities. ...

Business :India Inc hails FM steps to boost economy

India Inc on Friday welcomed the Central government's move to give a major economic boost to diverse sectors such as NBFCs, auto, housing, MSMEs, equity markets and banking via a slew of measures on tax surcharge, GST refunds, easier loans and demand ...

Business :All PMAY houses to be sanctioned by March 2020

The government would sanction all the targeted 1.12 crore houses under the Pradhan Mantri Awas Yojana (PMAY) by March 2020, said Union Minister for Housing and Urban Affairs Hardeep Singh Puri at the 15th annual convention of the National Real Estate ...