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Uttar Pradesh government approves Amitabh Kant Committee proposals

Uttar Pradesh government

LUCKNOW: The Uttar Pradesh cabinet on Tuesday approved the implementation of recommendations from the Amitabh Kant Committee report on real estate projects, in a move that could bring relief to lakhs of homebuyers in the state.

The approved recommendations include providing immediate registry and sub-lease deed rights to homebuyers and benefits of ‘zero period’ to developers in terms of penalties for delay during COVID-19 from April 1, 2020 to March 31, 2022.

The approval came after a proposal of the Industrial Development Department for the resolution of legacy stalled housing projects, UP cabinet minister Suresh Kumar Khanna said during a press briefing in Lucknow.

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