The housing ministry intends to introduce a real estate regulator to curb sector illegalities. The bill, aimed at safeguarding buyers, defines carpet area and mandates project registration.
The housing ministry has suggested implementing a single-window clearance system to expedite project approvals. This move aims to reduce property prices by lowering builders' preservation costs.
Government panel recommends single-window clearance to expedite real estate projects, aiming to reduce delays and potentially stabilize property prices.
Union Housing Minister Ajay Maken advocated for a review of the FSI policy in Mumbai and other major Indian cities to boost affordable housing development, suggesting increased FSI rates.
MHUPA India plans to include affordable housing in infrastructure list, revises income limits for weaker sections, urging unified efforts to address 18.78 million housing shortage.
The Indian government is introducing a regulatory bill to curb black money in real estate and foster transparency in the sector.
Govt to Establish Regulatory Body to Protect Home Buyers from Unscrupulous Real Estate Developers