Flats in Chandigarh

The National Board for Wildlife has restored the two per cent fee of the project cost it had earlier planned to levy on real estate developers constructing in such areas. The decision will impact at least 13 projects near the Sanjay Gandhi National Park and the Tungareshwar Sanctuary.

According to the India Wealth Report, by 2027, India may become the fourth largest wealth market in the world. As of December 2017, the total wealth held by individuals living in India amounts to $8.2 trillion.

Under Haryana’s affordable housing policy, builders had to sell units at Rs 4,000 per square foot (psf) and Rs 500 psf for the balcony area without charging any external development charge. However, buyers are now complaining developers are transferring this burden on them at the time of giving possession.

Even as the government reiterates it is committed to meeting the ambitious target of providing housing to all by 2022, the country’s top court has rapped 12 states and Union Territories over their failure to notify names of members of the panel set up by them to take care of the needs of the urban homeless. The Supreme Court on September 7 also slapped fine of Rs 1-5 lakh on these states while stating that people without shelter cannot be left to fend for themselves as government’s grand plans remained unimplemented.

Those living in the national capital region had little reason to cheer when Housing Minister Hardeep Singh Puri unveiled the findings of the government’s maiden Ease of Living Survey. The four cities that were included in the survey could not make it to the top-45¬¬ at the index.