Housing Policy
Rise in unauthorised constructions amid flaws in urban housing policies: SC
Observing that urbanisation policies have flaws, the Supreme Court has said one of the main reasons for spurt in unauthorised constructions is the government's failure to provide people with affordable houses. Acknowledging that the right to have a roof over head is a fundamental right, the top court said there is a huge gap in the policies between the requirements of the economically weaker sections and what the government was doing at the ground level. The observations by a bench of Justices Sanjiv Khanna and Dipankar Datta came while hearing a case relating to demolition of commercial and residential units in Lucknow's Akbar Nagar where it imposed an interim stay on demolitions. "Let us be clear on housing. There's a difficulty. Our urbanisation policies have flaws. Really speaking, we have not provided for economically weaker sections. Somewhere, we will have to ensure Everyone knows that migration takes place to the cities. But there is a huge gap in the policies between the ..
 "Rise in unauthorised constructions amid flaws in urban housing policies: SC")
785,000 unsold housing stock in top eight cities in Sep-end: Report
Real estate developers are sitting on around 7.85 lakh unsold housing units across eight major cities and it will take them 32 months to clear these stocks at current sales velocity, according to PropTiger. However, in Delhi-NCR residential market -- which has been adversely impacted due to defaults of many big builders like Amrapali, Jaypee Infratech and Unitech -- it will take 62 months to sell over 1 lakh unsold housing units. Housing brokerage firm PropTiger.com data showed that unsold housing inventory has increased to 7,85,260 units as on September 30, 2022 from 7,63,650 unsold units at the end of previous quarter. The consultant tracks primary housing market of eight cities -- Ahmedabad, Delhi NCR (Delhi, Gurugram, Noida, Greater Noida, Ghaziabad, and Faridabad), Chennai, Bengaluru, Hyderabad, Kolkata, Mumbai Metroplitan Region (Boisar, Dombivli, Mumbai, Mazagaon, Panvel, Thane West), and Pune. Housing sales rose 49 per cent to 83,220 units in July-September 2022 across thes
 "785,000 unsold housing stock in top eight cities in Sep-end: Report")
Maharashtra set to announce new housing policy on Sept 2
Realty experts bat for upgradation of physical infrastructure to suit growth
 "Maharashtra set to announce new housing policy on Sept 2")
