You are here: Home » Economy & Policy » News
Business Standard

No plans to take up delayed residential projects of private builders: Govt

There is no such proposal under consideration of the govt to take over delayed residential projects

Press Trust of India  |  New Delhi 

A labourer stands on a truck carrying construction materials at a construction site of residential buildings <b> Reuters <b>
A labourer stands on a truck carrying construction materials at a construction site of residential buildings Reuters

The has no plans to take over delayed of and complete them for home buyers, the was informed on Wednesday.

"There is no such proposal under consideration of the to take over the delayed and complete the same for home buyers," Union Minister Rao Inderjit Singh said during

He was replying to a question on behalf of Housing and Affairs Minister Narendra Singh Tomar whether the proposes to take over hundreds of of builders which have been delayed.

Singh said his does not maintain details of projects launched by in areas and delay their

"However, in order to bring transparency in operations in the sector and to ensure timely completion of ongoing and new projects, the has piloted the (Regulation and Development) Act, 2016," he said.

First Published: Wed, July 26 2017. 15:38 IST
RECOMMENDED FOR YOU