Amitabh Kant Committee Report
On 21st August, 2023, a committee headed by former NITI Aayog chief Amitabh Kant to address the issue of incomplete real estate projects, submitted its report to the Central government.
- The committee was set up in March, 2023 by the Union Housing and Urban Affairs Ministry, following a recommendation by the Central Advisory Council under the Real Estate (Regulation and Development) Act, 2016.
Issues Identified by the Committee
- According to the committee, the Indian Banks’ Association has estimated that 4.12 lakh stressed dwelling units involving Rs. 4.08 lakh crore are impacted in the stalled real estate projects.
- It reported that 44% of ....
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