#RealtyNewsRoundup: Urban Development Ministry Plans To Clear AMRUT Projects Worth Rs 25,000 Crore This Month

Realty News Roundup is PropGuide's selection of the day's top stories from the real estate sector.

In order to give a fresh push to the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), the Urban Development Ministry has decided to clear urban renewal projects worth Rs 25,000 crore for the next three years this month. The flagship scheme plans to revamp 500 cities, with an emphasis on water supply, sewerage network and community parks.

To attract more buyers during the festive season, Maharashtra's Cidco (City and Industrial Development Corporation) has put up 380 unsold flats at four of its housing schemes at Kharghar and Ulwe for sale. A majority of the flats are in the middle-income group and high-income group categories. Though Cidco has not offered any festive discount, sources said the flats were priced at 2014 rates.

In a landmark judgment, the National Consumer Dispute Redressal Commission has stated that consumers seeking compensation worth Rs 1 crore and more or a group of consumers with similar grievances against a developer can now approach the national commission. The order will help expedite justice delivery as now consumers can get together and appeal directly to the national commission instead of going through a long-drawn process.

To carry out its anti-encroachment drive and reclaim its land worth Rs 5,000 crore in Gurgaon, the Haryana Urban Development Authority (Huda) has set up a dedicated enforcement wing. Until now, Huda had no separate wing to evict squatters, and anti-encroachment drives were handled by the estate officer.

Source: Media reports