With cases of non-compliance to RERA orders piling up, central ministry recommends implementing the Gujarat model for recovering pending dues from errant builde
According to a study by property consultancy ANAROCK, the affordable housing category saw a decline in overall sales to approximately 20 percent of the overall pie in 2023 from over 30 percent in 2022. Developers ping hopes on the interim budget 2024 to get done the necessary revisions in affordable housing criterion.
Discussions were held and memoranda of understanding were signed during sectoral sessions on real estate, healthcare and manufacturing at the Global Investors Summit-2023 here on Friday.
In the session on real estate, Urban Development and Housing minister Prem Chand Agarwal said that the
Government is considering a proposal to raise the price limit for classifying homes in the "affordable housing" segment for cities like Delhi and Mumbai to Rs 75 lakh from the Rs 45 lakh cap that is in place at present."Classifying .