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Why in the news? Prime Minister Narendra Modi assumed office for the third consecutive term on June 10. The new Union Cabinet’s first decision was to assist in constructing three crore more houses under the Pradhan Mantri Awas Yojana (PMAY). source:geeksforgeeks About the Pradhan Mantri Awas Yojana (PMAY): Launch: Initiated in 2015 by Prime Minister …
Read MoreWhy in the news? The Union Ministry reviews Real Estate Act’s implementation, holds meetings with homebuyers, and considers future amendments. Highlights of the Review Process Initiated: Union Ministry of Housing and Urban Affairs reviewing the Real Estate (Regulation and Development) Act, 2016. Ministry holding regular meetings with homebuyers to gather feedback for potential future amendments. …
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