A committee led by former NITI director Aayog Amitabh Kant on Monday submitted its recommendations to address the issue of unfinished housing projects to Union Housing and Home Affairs Minister Hardeep Puri. The Commission was established by the Department on the recommendation of the Central Advisory Council under the Property (Regulation and Development) Act 2016.
Union Minister Hardeep Puri said the report addresses all aspects and aspects of the various problems of the stalled legacy projects. He added that the committee's recommendations would pave the way for the completion of stalled housing projects and bring relief to hundreds of thousands of homebuyers.
The homebuyer's request to take over the apartment register, which was halted by authorities citing construction fees, was resolved in the report. "Thousands of buyers are waiting for their apartments to be registered in the National Capital Region due to builder error. Why should honest tax-paying buyers be punished for builder errors and registrations?" This is one of our key takeaways, said Mihir Gautam, a member of the New Era Apartment Owner Welfare Association (Nefowa).
If state governments implement the commission's recommendations, the apartment registry will restart, bringing relief to thousands of buyers. In addition, unfinished projects can also be completed quickly. "There are more than a thousand homebuyers still waiting to own the apartment in which they have invested their life savings. I hope the report will be followed up by the respective state governments and put into effect soon," he said. Abhishek Kumar says. Nefowa President.
