Government sets up 14-member committee to look into stalled real estate projects; Head – Amitabh Kant

Government sets up 14-member committee to look into stalled real estate projects; Head – Amitabh Kant

  • The Ministry of Housing and Urban Affairs has set up a 14-member committee to look into issues related to completing stalled housing projects, and propose a future course of action to ensure that buyers receive their homes.
  • The committee will be headed by Amitabh Kant, former CEO of Niti Aayog and India’s G20 Sherpa. It will comprise of top central and state government officials.
  • The panel will suggest ways to complete and hand over the projects to homebuyers in a “time-bound manner.
  • The committee shall submit its report within six months from the date of its first meeting.

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