Mint Primer: Analysing key factors behind housing project completions
The latest data shows that delays in completing real estate projects have somewhat declined
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The latest data shows that delays in completing real estate projects have somewhat declined
Apart from approving New Noida master plan 2041, the board also discussed the recommendations of the Amitabh Kant committee on stuck housing projects. Post all necessary discussions, a report containing observations of the authorities will be sent to the state government to decide future course of action, officials said.
The resolution will help properties worth Rs 1,100 crore see the light of day. The project includes two land parcels totalling 63 acres, with six million square feet of residential space.
These accounts will be jointly operated by the builders and the Authority and will make it difficult for builders to divert funds to other projects or means.
Antriksh Sanskriti is the 17th project in UP where UPRERA has authorised the promoter and AoA to complete the construction and development work. More projects could get such nod, says UPRERA acting chief.