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Is RERA Effective for Home Buyers? Moneylife Foundation & HDFC s Report Finds Out

 6 On Tuesday, Union minister for housing and urban affairs, Hardeep Singh Puri, released a report prepared by Moneylife Foundation to document the efficacy of Real Estate Regulation and Development Act, 2016 (RERA) in India from the consumer perspective. The research project, made possible due to the support of Housing Development Finance Corp (HDFC) and its top management team, highlighted that RERA has been a game changing legislation that has imposed discipline, transparency and accountability on developers and intermediaries.      However, the Report on Efficacy of RERA From the Consumer Perspective 2020 shows that the implementation of the law has been slow. While the report documents great strides made by some states like Maharashtra, it also points out that adoption and implementation across different states is uneven. West Bengal stands out like a sore thumb having enacted its own law. It has taken three years for some states to fall in line. Here is the current st

Congress should introspect, seek inspiration from past stalwarts, says Hardeep Puri

Congress should introspect, seek inspiration from past stalwarts, says Hardeep Puri ANI | Updated: Jan 07, 2021 16:15 IST New Delhi [India], January 7 (ANI): Union Minister for Housing and Urban AffairsHardeep Singh Puri on Thursday slammed Congress over its ideological and leadership problems , saying that party should seek inspiration from its past stalwarts. Puri said Congress should seriously introspect where it stands today. If not from someone else, Congress should seek inspiration from its own stalwarts of the past. Mired in nagging ideological and leadership problems the party should seriously introspect where it stands today, Puri tweeted. Citing the example of the Indian freedom struggle leader Dr Annie Besant, Union Minister said, It can turn to a foreign-born Dr Annie Besant who loved India and was a nationalist.

Global challenge of Covid has given scope to innovate, says PM Modi

Prime Minister Narendra Modi on Friday laid the foundation stone of the Light House Projects (LHP) under the Global Housing Technology Challenge (GHTC-India) and said the worldwide challenge of Covid-19 has given the scope to innovate and incubate with new technology. The six LHP has been conceptualised by the Union Ministry of Housing and Urban Affairs. The project aims to identify and mainstream several innovative technologies from across the world which are sustainable and disaster-resilient. Speaking on the occasion, Modi said: This global challenge of Covid-19 has given us the scope to innovate and incubate with new technology. From today, work is starting on six Light House Projects at different locations. These projects will be completed by modern technology and innovative processes.

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