Government Sets Up ‘Advisory Committees’ To Solve Real Estate Problems

Hardeep Singh Puri, Union Minister of State (Independent Charge) in the Ministry of Housing and Urban Affairs on Friday said that the government has set up ‘Advisory Committees’ in the western, eastern and southern region to solve existing problems of real estate.

The minister was speaking at Global Investment Summit 2018 in Gurugram.

The committees will consult with builders, home buyers and seek a solution of problems confronting these so that deliveries of affordable houses are not further delayed and builders are also able to sort out their bureaucratic problems.

The committees will begin their assigned work in the month of June 2018.

Rajeev Talwar, chairman NAREDCO urged the government to come out to the rescue of those builders and real estate developers whose land parcels have been mortgaged by various states in pretext or other as it would delay the project’s completion and halt real estate development in the country.

The minister blamed a few handful of real estate builders that have brought a bad name to this sector informing industry that required action would be taken against them as per provisions of the law of land but assured that the Union government in consultation with the state of UP and Haryana, it would be able to sort out and adequately address problems of NCR builders and home buyers.

The housing minister was also of the view that RERA related issues with builders would also be addressed by the members of the Advisory Committee.

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