#RealtyNewsRoundup: Housing Ministry Gets Rs 48,000 Cr In This Year’s Budget
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The housing and urban affairs ministry has been allocated nearly Rs 48,000 crore in the Budget 2019-20, 17 per cent more than what was allocated in the 2018-19 Budget. Of this, over Rs 6,800 crore has been given to the Pradhan Mantri Awas Yojana (Urban) . There is also an increase of 25 per cent allocation for the Metro projects, from Rs 14,865 crore in 2018-19 to Rs 17,714 crore this year.
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India’s first highway corridors equipped with charging stations for electric vehicles are expected to come up along the Delhi-Jaipur and Delhi-Agra highways by 2020. Eighteen such charging stations will be set up at the toll plazas at a total of 500-km stretch, from Delhi to Agra and Delhi to Jaipur. Each station will have up to 10 chargers and 20 charging points.
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The National Consumer Disputes Redressal Commission has said that developers must also refund homebuyers the interest they have paid so far on the home loan if a project is delayed.
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The Supreme Court has directed the Centre to come up with a plan start construction of all stalled Unitech projects. The apex court has also asked the Centre to suggest the modalities and name of the third-party agency that could take up the projects.
Source: Media reports