#RealtyNewsRoundUp: Construction Banned Till Nov 10 As Thick Smog Blankets NCR
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The Supreme Court-appointed Environment Pollution (Prevention and Control) Authority on October 27 announced a complete ban on construction and excavation work across the national capital region till November 10. The move is the latest in a series of measures meant to combat air pollution.
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Indicating that there were no “systemic concerns” regarding liquidity in non-banking finance companies (NBFCs) , the National Housing Bank has said it has disbursed around Rs 9,000 crore and sanctioned almost Rs 20,000 crore to them. The Reserve Bank of India (RBI) has also allowed banks to allocate up to 15 per cent of their total lending to NBFCs that do not finance infrastructure projects. The earlier limit was 10 per cent.
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The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has ordered a forensic audit of Ansal Group of Housing and set up an observer to monitor its financial activities after receiving 500 complaints from buyers.
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The Noida District Administration has written to the district police to ensure that the verification of properties of the "gangsters" whose assets are to be attached is completed within a week. In an unprecedented move to "cut the financial support" of the criminals, the administration had announced on September 27 attaching the "ill-gotten" properties, both movable and immovable, and wealth of these gangsters.
Source: Media reports