Prime Minister Narendra Modi had instructed NITI Aayog in 2016 to find a breakthrough in this direction and later the Cabinet Committee on Economic Affairs (CCEA) approved various measures to infuse liquidity in the construction sector. Yet certain legal hassles remained.
In a bid to revive the stuck construction and real estate projects, the government today approved new norms that will help in quicker resolution of disputes to kick-start stalled projects and make access to financing easier.
New Delhi: Aimed at attracting foreign investment into the realty sector, government on Wednesday relaxed rules for FDI in the construction sector by reducing minimum built-up area as well as capital requirement and easing the
New Delhi, May 6: The construction sector has contributed over Rs 30,000 crore to Delhi's GDP of 3.13 lakh crore in 2011-12, retaining its position as one of the major driving forces of the city's
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