News Updates
Housing revival to boost economic sentiment: FM Nirmala Sitharaman
This will also boost the portfolios of banks and non-banking financial companies (NBFCs), said the FM at a virtual event where she handed over possession of Rivali Park to home buyers.The Mumbai-based project, which had been stalled for some time, was completed under the Centre’s special liquidity window — Special Window for Affordable & Mid-Income Housing (SWAMIH-I). This is the first residential project completed by SWAMIH, which was created in 2019 to fund stuck affordable
SC says WB Housing Industry Regulation Act of 2017 ‘unconstitutional’, in conflict with Centre's RERA
The Supreme Court on May 4 struck down West Bengal's Housing Industry Regulation Act (WBHIRA) 2017, the law regulating the state’s real estate sector, saying it was ‘unconstitutional’ as it creates a parallel regime and is in direct conflict with the Centre’s Real Estate (Regulation and Development) Act (RERA). The state law has encroached upon the domain of the Parliament and hence is unconstitutional, the verdict said. The West Bengal Housing Industry Regulation Act
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