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Banks must verify builder RERA compliance for withdrawals: Department of Financial Services

The move comes after Haryana Real Estate Regulatory Authority (HARERA) made a recommendation to the secretary DFS to issue instruction to all banks to ensure compliance of RERA norms while allowing withdrawal of funds from RERA accounts by promotors of real estate projects. ....

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Govt clears 342 stalled real estate projects

Govt clears 342 stalled real estate projects
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Over 340 proposals cleared till Nov 16 to complete stalled real estate projects: Government, ET RealEstate

Stalled Real Estate Projects: "As of November 16, 2023, under SWAMIH, 342 proposals aggregating to Rs 37,554 crore have been approved and this will benefit around 2,18,699 homebuyers and unlock projects worth Rs 94,367 crore," the minister said. ....

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342 proposals cleared till Nov 16 to complete stalled real estate projects: Government

The committee has recommended various measures to complete these stalled projects and handover the same to the homebuyers, he said, adding that the panel has observed that the primary reason for stress in real estate projects is the lack of financial viability of these projects. ....

Amitabh Kant , Rajya Sabha , Affairs Kaushal Kishore , Mohua Ministry Of Housing , National Company Law Tribunal , Union Minister , Urban Affairs Kaushal Kishore , Special Window , Mid Income Housing , Bankruptcy Code , Urban Affairs , Real Estate , Real Estate Projects ,

342 proposals cleared till Nov 16 to complete stalled real estate projects Govt

(This story has not been edited by THE WEEK and is auto-generated from a PTI ....

New Delhi , Amitabh Kant , Rajya Sabha , Mohua Ministry Of Housing , Affairs Kaushal Kishore , National Company Law Tribunal , Union Minister , Urban Affairs Kaushal Kishore , Special Window , Mid Income Housing , Bankruptcy Code , Urban Affairs ,