{"id":12914,"date":"2023-12-20T16:40:53","date_gmt":"2023-12-20T11:10:53","guid":{"rendered":"https:\/\/blog.bigproperty.in\/?p=12914"},"modified":"2023-12-20T16:40:54","modified_gmt":"2023-12-20T11:10:54","slug":"up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers","status":"publish","type":"post","link":"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/","title":{"rendered":"UP Government Greenlights Amitabh Kant Committee&#8217;s Proposals, Bringing Joy to Homebuyers"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/#Swift_Action_for_Homebuyers\" >Swift Action for Homebuyers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/#Zero_Period_Relief\" >Zero Period Relief<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/#The_magnitude_of_the_Issue\" >The magnitude of the Issue<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/#Our_Blogs\" >Our Blogs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/#Applause_from_Real_Estate_Stakeholders\" >Applause from Real Estate Stakeholders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/#Lasting_Impact_on_Real_Estate\" >Lasting Impact on Real Estate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/#Positive_Reactions_from_Industry_Leaders\" >Positive Reactions from Industry Leaders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/#Revitalizing_Stalled_Projects\" >Revitalizing Stalled Projects<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/#Community_Response\" >Community Response<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/#Latest_Blogs\" >Latest Blogs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>In a significant move expected to benefit nearly 2.5 lakh homebuyers, the <em><strong>Uttar Pradesh Cabinet,<\/strong><\/em> on December 19, approved the recommendations put forth by the committee led by Amitabh Kant. This committee, comprising experts and officials, had been tasked with addressing the prolonged delays in real estate projects, particularly in the Noida and Greater Noida regions, where over 35% of housing units have faced significant setbacks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Swift_Action_for_Homebuyers\"><\/span><strong>Swift Action for Homebuyers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The decision, which comes as a respite for homebuyers grappling with delays, involves the immediate implementation of the recommendations outlined by the central committee chaired by former Niti Aayog CEO <em><strong>Amitabh Kant<\/strong><\/em>. Suresh Kumar Khanna, the state&#8217;s Minister for Finance and Parliamentary Affairs, emphasized the primary focus on safeguarding buyers&#8217; interests. The objective is clear: ensure prompt possession and registration for those who have invested in homes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Zero_Period_Relief\"><\/span><strong>Zero Period Relief<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Additionally, the Cabinet has given the nod for the application of &#8216;zero period&#8217; relief, as suggested in the committee&#8217;s report. It&#8217;s crucial to note that these approvals are specific to residential projects, excluding commercial, sports, or entertainment developments.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-text-color has-background\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=bigproperty.in&amp;pcampaignid=web_share\" style=\"border-radius:2px;background-color:#ba0c49;color:#fffffa\"><strong>Download App<\/strong><\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link has-text-color\" href=\"https:\/\/www.whatsapp.com\/channel\/0029VaAUFkA9sBIBN\" style=\"border-radius:2px;color:#ba0c49\"><strong>Follow WhatsApp Channel<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_magnitude_of_the_Issue\"><\/span><strong>The magnitude of the Issue<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to estimates by the Indian Banks Association, approximately 4.12 lakh homes nationwide remain incomplete due to financial challenges faced by developers. <\/p>\n\n\n\n<p>Of this staggering number, around 2.40 lakh homes are situated in the National Capital Region (NCR), encompassing Noida and Greater Noida. <\/p>\n\n\n\n<p>The implementation of the committee&#8217;s recommendations aims not only to protect homebuyers&#8217; interests but also to expedite the completion of stalled legacy projects.<\/p>\n\n\n\n<div class=\"wp-block-group has-background\" style=\"background-color:#bdbdbd\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<h2 class=\"has-text-align-center wp-block-heading\"><span class=\"ez-toc-section\" id=\"Our_Blogs\"><\/span><strong><span class=\"has-inline-color has-vivid-red-color\">Our Blogs<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group has-background\" style=\"background-color:#e5e5e5\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\"><ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/bigproperty.in\/blog\/bhu-bharati-portal-telanganas-new-land-record-system-key-features-benefits\/\" aria-label=\"Bhu Bharati Portal: Telangana\u2019s New Land Record System-Key Features &amp; Benefits\"><img decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-1-300x169.png\" class=\"attachment-medium size-medium wp-post-image\" alt=\"Bhu Bharati Portal telangana\" style=\"\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-1-300x169.png 300w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-1-1024x576.png 1024w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-1-768x432.png 768w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-1-696x392.png 696w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-1-1068x601.png 1068w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-1-747x420.png 747w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-1-600x338.png 600w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-1.png 1280w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/bigproperty.in\/blog\/bhu-bharati-portal-telanganas-new-land-record-system-key-features-benefits\/\">Bhu Bharati Portal: Telangana\u2019s New Land Record System-Key Features &amp; Benefits<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/bigproperty.in\/blog\/rbi-cuts-repo-rate-to-6-how-it-affects-you-the-economy\/\" aria-label=\"RBI Cuts Repo Rate to 6%: How It Affects You &#038; the Economy\"><img decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-300x169.png\" class=\"attachment-medium size-medium wp-post-image\" alt=\"RBI Cuts Repo Rate\" style=\"\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-300x169.png 300w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-1024x576.png 1024w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-768x432.png 768w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-1536x864.png 1536w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-2048x1152.png 2048w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-696x392.png 696w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-1068x601.png 1068w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-747x420.png 747w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Telanganas-Landmark-Investments-at-the-Davos-Summit-2025-600x338.png 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/bigproperty.in\/blog\/rbi-cuts-repo-rate-to-6-how-it-affects-you-the-economy\/\">RBI Cuts Repo Rate to 6%: How It Affects You &#038; the Economy<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/bigproperty.in\/blog\/hydraa-takes-action-ftl-survey-to-resolve-lake-encroachment-issues\/\" aria-label=\"Hydraa Takes Action: FTL Survey to Resolve Lake Encroachment Issues\"><img decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Gn8VEpva4AEwQfm-300x200.jpeg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"Hydraa FTL Survey\" style=\"\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Gn8VEpva4AEwQfm-300x200.jpeg 300w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Gn8VEpva4AEwQfm-1024x681.jpeg 1024w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Gn8VEpva4AEwQfm-768x511.jpeg 768w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Gn8VEpva4AEwQfm-1536x1022.jpeg 1536w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Gn8VEpva4AEwQfm-2048x1363.jpeg 2048w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Gn8VEpva4AEwQfm-696x463.jpeg 696w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Gn8VEpva4AEwQfm-1068x711.jpeg 1068w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Gn8VEpva4AEwQfm-631x420.jpeg 631w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2025\/04\/Gn8VEpva4AEwQfm-600x399.jpeg 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/bigproperty.in\/blog\/hydraa-takes-action-ftl-survey-to-resolve-lake-encroachment-issues\/\">Hydraa Takes Action: FTL Survey to Resolve Lake Encroachment Issues<\/a><\/li>\n<\/ul><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Applause_from_Real_Estate_Stakeholders\"><\/span><strong>Applause from Real Estate Stakeholders<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Uttar Pradesh cabinet&#8217;s decision has garnered widespread support from real estate experts, developers, and homebuyers alike. Industry insiders believe that this move will directly benefit the NCR region, relieving approximately 2.40 lakh homebuyers from the ordeal of prolonged project delays.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lasting_Impact_on_Real_Estate\"><\/span><strong>Lasting Impact on Real Estate<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Project delays have plagued the Indian real estate sector over the past decade. The Real Estate (Regulation and Development) Act (RERA) had a moderate impact initially, but a major turning point occurred in 2019 with the establishment of the Alternate Investment Fund (AIF) endowed with a \u20b925,000 crore corpus. The SWAMIH fund, a last-mile capitalization mechanism, played a pivotal role in reactivating stalled projects.<\/p>\n\n\n\n<p>Now, with the approval of the <em><strong>Amitabh Kant committee&#8217;s<\/strong><\/em> recommendations by the UP cabinet, the focus shifts to Noida and Greater Noida, which have been disproportionately affected by stalled residential projects. These areas, contributing over 35% to the total delayed units across the top 7 cities, stand to gain immensely.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Positive_Reactions_from_Industry_Leaders\"><\/span><strong>Positive Reactions from Industry Leaders<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Manoj Gaur, President of CREDAI NCR and CMD Gaurs Group, expressed optimism, stating that the exemption of interest during the zero period will ease the financial burden on flat owners. This, in turn, facilitates the registration of homes without additional financial strain.<\/p>\n\n\n\n<p>Amit Modi, Director of County Group, views the UP government&#8217;s decision as a positive development benefiting stakeholders, including financial institutions, authorities, state exchequers, and developers. Experts expect the move to streamline home delivery and registration, ensuring timely payments to authorities and boosting state revenues.<\/p>\n\n\n\n<p><strong>Also Read:<\/strong> <em><a href=\"https:\/\/bigproperty.in\/blog\/\/bhulekh-uk-2023-24-updates-check-land-records-ror-mutation-status\/\">Bhulekh Up<\/a><\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Revitalizing_Stalled_Projects\"><\/span><strong>Revitalizing Stalled Projects<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The UP Cabinet&#8217;s approval of the <em><strong>Amitabh Kant committee&#8217;s<\/strong><\/em> recommendations is poised to revive stalled real estate projects in Noida, Greater Noida, and along the <em><strong><a href=\"https:\/\/bigproperty.in\/blog\/\/yeida-scheme-2023-24-latest-updates-eligibility-application-process\/\">Yamuna Expressway.<\/a><\/strong><\/em> <\/p>\n\n\n\n<p>Piyush Bothra, Co-Founder and CFO of Square Yards anticipates renewed confidence among homebuyers, driving increased investment in the real estate sector.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Community_Response\"><\/span><strong>Community Response<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Abhishek Kumar, President of the Noida Extension Flat Owners&#8217; Association (NEFOWA), welcomed the move, expressing hope that it would address all issues faced by homebuyers.<\/p>\n\n\n\n<p>The <strong><em>Amitabh Kant-led committee,<\/em><\/strong> established by the housing ministry in March, aimed to tackle legacy-stressed projects. Its recommendations, now approved by the UP Cabinet, highlight the importance of delinking project registration from builders&#8217; due recoveries. The committee stressed that financial viability is a primary concern, advocating the use of judicial interventions as a last resort.<\/p>\n\n\n\n<p>In conclusion, the UP government&#8217;s proactive measures signal a positive turn for the real estate sector, promising relief to homebuyers, revitalization of stalled projects, and a boost to overall confidence and investment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Frequently Asked Questions (FAQ&#8217;s)<\/strong><\/h3>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1703068399019\"><strong class=\"schema-faq-question\">1Q: <strong>What immediate benefits can homebuyers expect from the committee&#8217;s recommendations?<\/strong><\/strong> <p class=\"schema-faq-answer\"><strong><em>Ans: <\/em><\/strong>Homebuyers can anticipate prompt possession and registration of their homes, addressing concerns that have persisted for over a decade in some cases.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1703068797414\"><strong class=\"schema-faq-question\">2Q: <strong>What is the significance of the Amitabh Kant Committee&#8217;s recommendations for delayed real estate projects in Uttar Pradesh?<\/strong><\/strong> <p class=\"schema-faq-answer\"><strong><em>Ans:<\/em><\/strong> The recommendations hold substantial importance as they have received approval from the Uttar Pradesh Cabinet, providing relief to nearly 2.5 lakh homebuyers stuck in delayed projects, particularly in Noida and Greater Noida.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1703069654734\"><strong class=\"schema-faq-question\">3Q: <strong>What role did the SWAMIH fund play in addressing project delays in the real estate sector?<\/strong><\/strong> <p class=\"schema-faq-answer\"><strong><em>Ans:<\/em><\/strong> The SWAMIH fund, established in 2019 with a corpus of \u20b925,000 crore, served as a last-mile capitalization mechanism, effectively reviving stalled projects. It played a crucial role in mitigating the impact of delays in the real estate sector.<\/p> <\/div> <\/div>\n\n\n\n<div class=\"wp-block-group has-background\" style=\"background-color:#bcbfc2\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<h2 class=\"has-text-align-center wp-block-heading\"><span class=\"ez-toc-section\" id=\"Latest_Blogs\"><\/span><strong><span class=\"has-inline-color has-vivid-red-color\">Latest Blogs<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group has-background\" style=\"background-color:#e8e8e8\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\"><ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/bigproperty.in\/blog\/rental-agreement-rules-india-notice-period-deposit-2026\/\" aria-label=\"Rental Agreement Rules 2026: Notice Period, Security Deposits &amp; Tenant Rights\"><img decoding=\"async\" width=\"300\" height=\"168\" src=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-300x168.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"rental agreement rules india\" style=\"\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-300x168.jpg 300w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-768x429.jpg 768w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-752x420.jpg 752w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-150x84.jpg 150w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-696x389.jpg 696w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2.jpg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/bigproperty.in\/blog\/rental-agreement-rules-india-notice-period-deposit-2026\/\">Rental Agreement Rules 2026: Notice Period, Security Deposits &amp; Tenant Rights<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/bigproperty.in\/blog\/tellapur-vs-kollur-real-estate-investment-comparison-2026\/\" aria-label=\"Tellapur vs. Kollur: Which is the Best Real Estate Investment in 2026?\"><img decoding=\"async\" width=\"300\" height=\"168\" src=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-300x168.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"tellapur vs kollur real estate\" style=\"\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-300x168.jpg 300w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-768x429.jpg 768w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-752x420.jpg 752w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-150x84.jpg 150w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-696x389.jpg 696w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate.jpg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/bigproperty.in\/blog\/tellapur-vs-kollur-real-estate-investment-comparison-2026\/\">Tellapur vs. Kollur: Which is the Best Real Estate Investment in 2026?<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/bigproperty.in\/blog\/low-budget-middle-class-indian-bedroom-design-ideas\/\" aria-label=\"15 Low-Budget Middle Class Indian Bedroom Design Ideas (2026)\"><img decoding=\"async\" width=\"300\" height=\"168\" src=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-300x168.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"low budget middle class indian bedroom design\" style=\"\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-300x168.jpg 300w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-768x429.jpg 768w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-752x420.jpg 752w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-150x84.jpg 150w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-696x389.jpg 696w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1.jpg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/bigproperty.in\/blog\/low-budget-middle-class-indian-bedroom-design-ideas\/\">15 Low-Budget Middle Class Indian Bedroom Design Ideas (2026)<\/a><\/li>\n<\/ul><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a significant move expected to benefit nearly 2.5 lakh homebuyers, the Uttar Pradesh Cabinet, on December 19, approved the recommendations put forth by the committee led by Amitabh Kant. This committee, comprising experts and officials, had been tasked with addressing the prolonged delays in real estate projects, particularly in the Noida and Greater Noida [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":12915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[4300,4298,4301,4299,4302],"class_list":{"0":"post-12914","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-latest-news-update","8":"tag-amitabh-kant-commitee-in-up","9":"tag-amitabh-kant-commitee-up","10":"tag-delayed-real-estate-projects-up","11":"tag-up-amitabh-kant-commitee","12":"tag-up-delayed-real-estate-projects"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UP Government Greenlights Amitabh Kant Committee&#039;s Proposals<\/title>\n<meta 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Passionate about staying abreast of India's evolving real estate landscape, Sai Krishna's interests extend to reading and exploring new destinations.\"","url":"https:\/\/bigproperty.in\/blog\/author\/sai-krishna\/"},{"@type":"Question","@id":"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/#faq-question-1703068399019","position":1,"url":"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/#faq-question-1703068399019","name":"1Q: What immediate benefits can homebuyers expect from the committee's recommendations?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"<strong><em>Ans: <\/em><\/strong>Homebuyers can anticipate prompt possession and registration of their homes, addressing concerns that have persisted for over a decade in some cases.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/#faq-question-1703068797414","position":2,"url":"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/#faq-question-1703068797414","name":"2Q: What is the significance of the Amitabh Kant Committee's recommendations for delayed real estate projects in Uttar Pradesh?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"<strong><em>Ans:<\/em><\/strong> The recommendations hold substantial importance as they have received approval from the Uttar Pradesh Cabinet, providing relief to nearly 2.5 lakh homebuyers stuck in delayed projects, particularly in Noida and Greater Noida.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/#faq-question-1703069654734","position":3,"url":"https:\/\/bigproperty.in\/blog\/up-government-greenlights-amitabh-kant-committees-proposals-bringing-joy-to-homebuyers\/#faq-question-1703069654734","name":"3Q: What role did the SWAMIH fund play in addressing project delays in the real estate sector?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"<strong><em>Ans:<\/em><\/strong> The SWAMIH fund, established in 2019 with a corpus of \u20b925,000 crore, served as a last-mile capitalization mechanism, effectively reviving stalled projects. 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