Rera
Act
Maharashtra
Karnataka
Telangana
Andhra Pradesh
Delhi
Uttar Pradesh
Haryana
Gujarat
Bihar
Expert panel suggests changes in insolvency law among others to revive stalled realty projects
Dated on: Wednesday 23rd August 2023An expert panel has proposed a range of measures to the government for revitalizing inactive real estate projects in the country. Led by former NITI Aayog chief Amitabh Kant, the 14-member committee submitted its findings to Union Housing and Urban Affairs Minister Hardeep Singh Puri on Monday. The committee's report, suggests various steps, including the establishment of a program that provides reduced interest rates. This proposed interest rate subsidy scheme, akin to the one for MSMEs, aims to incentivize financial institutions to support stalled projects.
