Mass housing project RPP Infra Projects has won a mass housing project in the Republic of Gabon from the Ministry of Housing. The contract envisages construction of 10,000 houses over 36 month. Coke oven package NMDC has awarded a Rs 1,978 crore contract to Bhilai Engineering Corporation for the entire coke oven package meant for its upcoming 3 mtpa steel plant in Chhattisgarh.
The proposed Real Estate Regulation Bill may be delayed as the Ministry of Housing and Poverty Alleviation is yet to get the law ministry’s opinion.The draft bill was sent to the law ministry for vetting nearly two months ago.
The Union Ministry of Housing is likely to introduce a bill to regulate the real estate sector in the upcoming session of Parliament this winter. A private business TV channel reports how this proposed law could help check the creation of a housing bubble in India.
According to the Technical Group on the Estimation of Housing, constituted by the Union Ministry of Housing & Urban Poverty Alleviation, India is facing a shortage of 18.78 mn fresh supply of houses in its urban pockets in 2012.
A nine member technical team of senior officers of the Union Ministry of Housing and Urban Poverty Alleviation (HUPA) held a meeting with Chief Minister of Uttarakhand at Dehradun on July 6. The team has been deputed by Girija Vyas Minister for Housing & Urban Poverty Alleviation includes DS Negi, Officer on Special Duty (JNNURM & RAY) along with the officers of Housing & Urban Development Corporation (HUDCO) and Building Material and Technology Promotion Council (BMTPC).
The National Real Estate Development Council (NAREDCO), the apex body of real estate sector, under the aegis of Ministry of Housing and Urban Poverty Alleviation, Government of India, has asked the government to introduce necessary reforms in the upcoming Union Budget to revive the troubled real estate sector in the country, which is facing slow down because of delayed and unsold properties.