The inventory has risen to 83 months in the National Capital Region and 50 months in Mumbai.
Home buyers would be able to invoke Section 7 of the IBC against errant developers.
With the controversial Land Acquisition Bill pending for long, government on Tuesday made a strong pitch in the Lok Sabha for "some sort of understanding" on it, saying passage of the legislation is necessary to make land available for the programme of 'Housing-for-All' by 2020.
India will need an annual investment of Rs 15 trillion in infrastructure over the next five years, says Chandrajit Banerjee, DG, CII.
'Some cases do not get a single hearing for 6 to 8 months, while some have been pending for as long as 8 years.'
Surendra Hiranandani -- chairman and managing director, House of Hiranandani -- explains what ails India's housing sector and indicates the way forward.
Developers are likely to start announcing their festive season offers soon, reports Sanjay Kumar Singh.
The real estate Bill will stamp out illegal practices prevalent in the industry.
'Prices are rock, bottom, developers are ready to negotiate and banks are keen to lend.'
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
The bill would prohibit unaccounted money from being pumped into the sector and as now 70 per cent of the money has to be deposited in bank accounts through cheques.
The Bill comes at a time when prospective home buyers are avoiding under-construction projects, almost everywhere in the country, thereby drying up sources of interest-free funds for debt-ridden developer firms
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