RERA Delhi urges stronger scrutiny of projects defying regulations
Real Estate

RERA Delhi urges stronger scrutiny of projects defying regulations

In an interactive session organised by CII-Delhi State Sub-Committee on Real Estate, Anand Kumar, Chairman, Delhi Real Estate Regulatory Authority (RERA), emphasised on the need of stronger scrutiny on ...

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

In an interactive session organised by CII-Delhi State Sub-Committee on Real Estate, Anand Kumar, Chairman, Delhi Real Estate Regulatory Authority (RERA), emphasised on the need of stronger scrutiny on projects defying RERA regulations. “Anybody who is into the real estate development sector whether it is a development authority like Delhi Development Authority (DDA), Delhi State Industrial and Infrastructure Development Corporation (DSIDC) or any other such organisation. If they are doing either plotted development or real estate projects, as per section 3, they must get registered with us,” Kumar has said at the event. Kumar also clarified on the recent amendment made in the Act regarding mandatory registration of the project. “It is now mandatory for builders to register projects with RERA where plot area exceeds 500 sq m, regardless of the number of units constructed on it. Similarly, irrespective of the plot size, if the number of units to be constructed on the plot is eight or more, it should get registered,” said Kumar. Appreciating RERA’s proactiveness, Amit Goyal, CEO, India Sotheby’s International Realty, has said, “I’m particularly excited that the current RERA team is proactive and fully committed to bringing in the much-needed reforms. It is critical that the clarification order issued in May 2022 on registration of every project on land parcels of above 500 sq m or 8 units, even if any of the conditions is met, is implemented and adopted by all developers working in Delhi’s real estate sector. This is a critical move to protect the consumer and end home buyer.” “We need a healthy mix of end buyers and investors to keep an asset class like real estate buoyant and upbeat,” added Goyal.

Next Story
Infrastructure Energy

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

Next Story
Infrastructure Urban

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

Next Story
Infrastructure Energy

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement