Housing ministry sets up panel for stalled realty projects

07 Apr 2023 CW Team

The Housing and urban affairs ministry has set up a committee headed by former CEO of Niti Aayog, Amitabh Kant to examine the issues related to legacy stalled real estate projects in the country and recommend ways to complete them.

The ministry notified the committee almost a year after the Central Advisory Council (CAC) headed by Union housing and affairs minister Hardeep Singh Puri had decided on the move. The committee shall submit its report within six months suggesting ways to "complete and handover" these projects in a "time bound manner".

The 14-member committee comprises of top central and state government officials, including Union finance and corporate affairs secretaries, secretaries from UP and Haryana governments, chairperson of Insolvency and Bankruptcy Board (IBB), chiefs of real estate regulators and chief investment officer of the SWAMIH investment fund.

Though this is not the first time when a panel has been set up to find ways to complete the pending projects, sources said the committee has decision makers from all fields - from development authorities, top government officials to IBB - to "examine" all issues holistically.

Raising the issue of legacy projects, CAC members on April 12, 2022 had urged the government to look into the incomplete projects which were launched prior to 2016. Abhay Upadhyay, a CAC member said they had urged the ministry to include homebuyers' representatives in the panel since "they are the ultimate sufferers in all stalled projects and they must have a representative in the panel".

Also Read
Chilla Elevated Road in Delhi Receives Rs 801 Cr Budget Clearance
Work commences on 40-ft-high Wipro gate, smart CRORE

Real Estate

11 Nov 2025

Hettich Showcases ‘Magical Motion’ Innovations at Acetech 2025

Staying true to its promise of ‘Magical Interior Experiences’, Hettich unveiled a futuristic showcase at Acetech 2025, reimagining the future of modern living and workspaces through innovative German engineering. As an Associate Partner, Hettich’s exhibit captivated visitors with the SpinLines family, headlined by its latest innovation — RoomSpin. This choreographed interior system transforms entire spaces within seconds by rotating room modules to create dynamic, flexible environments. Engineered with precision turning and swivelling mechanisms, it enables architects and designer..

HPWWI, Biesse Partner to Boost Woodworking Skill Development

The Hettich Poddar Wood Working Institute (HPWWI) has signed a Memorandum of Understanding (MoU) with Biesse, strengthening efforts to advance skill development in India’s woodworking sector.The partnership will enhance training in advanced woodworking machinery, helping learners integrate modern technology into traditional craftsmanship. It marks the second collaboration between HPWWI and Biesse — after Faridabad — now expanding to Bhandup, Mumbai, symbolising Biesse’s entry into India’s financial capital.Mr Amit Prasad, CHRO, Hettich India & Director, HPWWI, said, “At HPWWI, ..

ITA launches India programme to boost clean industry projects

The Industrial Transition Accelerator (ITA) has launched its India Project Support Programme and released the India Insights Briefing: Unlocking India’s Clean Industrialisation Opportunity, developed with Boston Consulting Group (BCG). The initiative seeks to accelerate investment-ready decarbonisation projects and drive low-carbon growth across India’s key industrial sectors. A global multi-stakeholder initiative launched at COP28, the ITA’s new programme aims to fast-track flagship industrial projects in sectors such as chemicals, steel, cement, aluminium, aviation, and shipping, supp..