+
Expert panel suggests changes in insolvency law
Real Estate

Expert panel suggests changes in insolvency law

A team of experts made many recommendations to the Center for reviving dormant real estate projects in the nation, including changes to the insolvency law and the creation of a program giving subsidized interest rates.

On Monday, the report of the committee was delivered to Union Housing and Urban Affairs Minister Hardeep Singh Puri by the 14-member group, which was chaired by former NITI Aayog chief Amitabh Kant.

A program offering subsidized interest rates, similar to MSME, is advised to encourage financial institutions to support stalled projects, according to the Report of the Committee to Examine the Issues Relating to Legacy Stalled Real Estate Projects.

"Such a plan would lessen perceived risk, encourage monetary support, and help projects get finished. A guarantee fund like to MSME may also be taken into consideration by the Central Government. In this regard, a comprehensive plan would be created by the MoHUA (Ministry of Housing and Urban Affairs) and sent to the Ministry of Finance, according to the article.

A team of experts made many recommendations to the Center for reviving dormant real estate projects in the nation, including changes to the insolvency law and the creation of a program giving subsidized interest rates. On Monday, the report of the committee was delivered to Union Housing and Urban Affairs Minister Hardeep Singh Puri by the 14-member group, which was chaired by former NITI Aayog chief Amitabh Kant. A program offering subsidized interest rates, similar to MSME, is advised to encourage financial institutions to support stalled projects, according to the Report of the Committee to Examine the Issues Relating to Legacy Stalled Real Estate Projects. Such a plan would lessen perceived risk, encourage monetary support, and help projects get finished. A guarantee fund like to MSME may also be taken into consideration by the Central Government. In this regard, a comprehensive plan would be created by the MoHUA (Ministry of Housing and Urban Affairs) and sent to the Ministry of Finance, according to the article.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code