The housing ministry advises state governments to follow the Gujarat model for effective recovery of dues from non-compliant builders. Gujarat Rera has appointed officers for execution of recovery warrant orders and has issued proceedings for attachment of property. The ministry also suggests designating additional district magistrates as revenue recovery officers .
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India News: The housing ministry advises state governments to follow the 'Gujarat model' for effective recovery of dues from non-compliant builders. Gujarat Rera
Budgetary intervention has become critical in the real estate sector as affordable housing isn’t getting the priority it deserves from builders. From financing to taxation to providing a stock of low-cost rental housing, the Union budget has a number of instruments available to arrest this slide that is hurting the middle and lower middle class