Latest news with #PRAGATI
India Gazette
29-05-2025
- Business
- India Gazette
PM Modi reviews Rs 62,000 crore infra projects, urges timely completion in PRAGATI meeting
New Delhi [India], May 29 (ANI): Prime Minister Narendra Modi chaired the PRAGATI meeting, the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, involving Centre and State governments, to review critical infrastructure projects and governance initiatives, according to an official release. During the meeting, which took place on Wednesday, PM Modi assessed three major infrastructure projects worth over Rs 62,000 crore in the sectors of Road Transport, Power, and Water Resources, spanning multiple States and Union Territories. The Prime Minister also took to X today and said, 'Chaired a PRAGATI meeting yesterday, where projects worth over Rs. 62,000 crore were reviewed, covering diverse sectors like roads, power, water resources, semiconductors and more. Emphasised on ensuring all infra projects are completed on time. Also deliberated on RERA-related grievances. It's our Government's priority to ensure justice for homebuyers.' Highlighting their strategic importance, he urged stakeholders to address implementation challenges and ensure timely completion, warning that delays lead to cost overruns and deprive citizens of essential services. The Prime Minister stressed the need for efficiency and accountability to maximise socio-economic benefits, emphasising that timely delivery remains a priority. Highlighting the adverse impact of project delays, Prime Minister reiterated that such setbacks not only inflate costs but also deprive citizens of essential services and infrastructure. He urged all stakeholders to prioritise efficiency and accountability, stressing that timely delivery is critical to maximising socio-economic outcomes. In a review of public grievances related to the Real Estate Regulatory Authority (RERA), PM Modi called for improved quality and timeliness in grievance redressal to ensure justice and fairness for homebuyers and directed State Governments to enforce mandatory registration of all eligible real estate projects under the RERA Act, underscoring that strict compliance is essential to rebuild trust in the housing sector, the release stated. The Prime Minister also examined best practices in India's Semiconductor Ecosystem, noting their potential as a model for broader adoption across States and Union Territories to bolster the National Semiconductor Mission. As of the latest PRAGATI meetings, a total of 373 projects worth approximately Rs 20.64 lakh crore have been reviewed, reflecting the platform's pivotal role in driving governance and infrastructure development. (ANI)
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Business Standard
29-05-2025
- Business
- Business Standard
Justice for homebuyers key, says PM Modi in ₹62,000 cr PRAGATI review
Prime Minister Narendra Modi on Thursday said that justice for homebuyers remains a key priority for the government, after reviewing infrastructure projects worth over ₹62,000 crore at the 45th edition of the PRAGATI (Pro-Active Governance and Timely Implementation) meeting. A major focus of the session, held on Wednesday, was addressing grievances related to the Real Estate (Regulation and Development) Act (RERA) and enhancing safeguards for homebuyers. PM Modi urged state governments to ensure mandatory registration of all eligible real estate projects under RERA, highlighting its role in restoring trust in the housing sector. 'Justice for homebuyers is a key priority for our government,' the Prime Minister posted on social media platform X after the meeting. 'We're committed to ensuring all infrastructure projects are completed on time and real estate regulations are enforced in letter and spirit.' Chaired a PRAGATI meeting yesterday, where projects worth over Rs. 62,000 crore were reviewed, covering diverse sectors like roads, power, water resources, semiconductors and more. Emphasised on ensuring all infra projects are completed on time. Also deliberated on RERA-related… — Narendra Modi (@narendramodi) May 29, 2025 Faster grievance redressal, accountability in real estate The Prime Minister emphasised the need for faster grievance redressal mechanisms and improved accountability in the real estate sector, noting that delays in housing projects not only cause financial hardship for buyers but also impact public welfare. During the review, PM Modi called on implementing agencies to enhance efficiency, remove bottlenecks, and improve coordination to ensure the timely delivery of public infrastructure. He noted that project delays inflate costs and erode trust in governance. Key infrastructure focus areas Apart from real estate concerns, the meeting also reviewed progress on major infrastructure projects in sectors such as road transport, energy, and water resource management. These projects, spread across multiple states and union territories, collectively account for an investment of over ₹62,000 crore. The Prime Minister also took stock of India's growing semiconductor ecosystem, discussing successful state-level initiatives and urging wider adoption of best practices to support the National Semiconductor Mission. He encouraged states to develop innovative models that contribute to India's goal of becoming self-reliant in chip manufacturing. 44th PRAGATI meet highlights In the previous PRAGATI meeting in August 2024, PM Modi reviewed infrastructure projects worth over ₹76,500 crore across 11 states, focusing on road, rail, power, coal, and water resource sectors. He stressed the importance of timely implementation, noting that delays lead to cost escalations and deprive citizens of intended benefits. A core focus of that session was also on involving women's self-help groups and promoting youth skilling in the operation and maintenance of water projects. The PRAGATI platform is an ICT-based initiative that enables direct interaction between the Prime Minister and top officials of the Centre and states. Since its inception, the forum has reviewed 373 projects with a cumulative investment of over ₹20.64 trillion, the Prime Minister's Office said.
Time of India
29-05-2025
- Business
- Time of India
PM Modi reviews Rs 62,000 crore infra projects, urges timely completion in PRAGATI meeting
Prime Minister Narendra Modi chaired the PRAGATI meeting , the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, involving Centre and State governments, to review critical infrastructure projects and governance initiatives, according to an official release. During the meeting, which took place on Wednesday, PM Modi assessed three major infrastructure projects worth over Rs 62,000 crore in the sectors of Road Transport , Power, and Water Resources, spanning multiple States and Union Territories. The Prime Minister also took to X today and said, "Chaired a PRAGATI meeting yesterday, where projects worth over Rs. 62,000 crore were reviewed, covering diverse sectors like roads, power, water resources, semiconductors and more. Emphasised on ensuring all infra projects are completed on time. Also deliberated on RERA-related grievances. It's our Government's priority to ensure justice for homebuyers." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Unsold Camper Vans 2025 in Ireland! See Prices Now! RV, Camper & Motorhomes | Search Ads Search Now Highlighting their strategic importance, he urged stakeholders to address implementation challenges and ensure timely completion, warning that delays lead to cost overruns and deprive citizens of essential services. The Prime Minister stressed the need for efficiency and accountability to maximise socio-economic benefits, emphasising that timely delivery remains a priority. Live Events Highlighting the adverse impact of project delays, Prime Minister reiterated that such setbacks not only inflate costs but also deprive citizens of essential services and infrastructure. He urged all stakeholders to prioritise efficiency and accountability, stressing that timely delivery is critical to maximising socio-economic outcomes. In a review of public grievances related to the Real Estate Regulatory Authority (RERA), PM Modi called for improved quality and timeliness in grievance redressal to ensure justice and fairness for homebuyers and directed State Governments to enforce mandatory registration of all eligible real estate projects under the RERA Act, underscoring that strict compliance is essential to rebuild trust in the housing sector, the release stated. The Prime Minister also examined best practices in India's Semiconductor Ecosystem, noting their potential as a model for broader adoption across States and Union Territories to bolster the National Semiconductor Mission . As of the latest PRAGATI meetings, a total of 373 projects worth approximately Rs 20.64 lakh crore have been reviewed, reflecting the platform's pivotal role in driving governance and infrastructure development. (ANI)
Indian Express
28-05-2025
- Business
- Indian Express
PM Modi to RERA heads at PRAGATI meeting: Must register all projects, act on buyers' complaints
Asking state governments to ensure the mandatory registration of all eligible real estate projects under the Real Estate Regulatory Authorities Act, Prime Minister Narendra Modi has asked all Chief Secretaries to monthly monitor activities of RERAs in their respective states so that grievances of homebuyers are resolved on time, The Indian Express has learnt. The Prime Minister's directive came during a PRAGATI (Pro-Active Governance and Timely Implementation) meeting held via video conference on Wednesday. During the meeting, the PM also highlighted that Uttar Pradesh's share in the proportion of registered projects in the country is just 2.5 per cent in Uttar Pradesh, while its share in complaints is about 18 per cent. He asked the state officials to ensure that more and more real estate projects are registered under RERA in UP. In a statement, the Prime Minister's Office said: 'During a review of public grievances linked to the Real Estate Regulatory Authority (RERA), the PM emphasised the need to improve the quality and timeliness of grievance disposal to ensure justice and fairness for homebuyers. He asked state governments to ensure the mandatory registration of all eligible real estate projects under the RERA Act. The PM emphasised that strict compliance with RERA provisions is critical for restoring trust in the housing market.' Meanwhile, Uttar Pradesh Chief Secretary Manoj Kumar Singh, who attended the PRAGATI meeting, issued some directions to development authorities in his state. He is learnt to have asked all the local development authorities to review within three days the status of 10 oldest real estate projects in their jurisdiction, which have not been delivered till date. Singh has also called a meeting with representatives of National Real Estate Development Council (NAREDCO) and Confederation of Real Estate Developers Associations of India (CREDAI) on June 3. During the meeting, the PM reviewed three major infrastructure projects with a cumulative cost of over Rs 62,000 crore, spanning the sectors of Road Transport, Power, and Water Resources located across various States and UTs, as per the PMO statement. 'Emphasising the strategic importance of these projects, he called for concerted efforts to overcome implementation bottlenecks and ensure their timely completion,' the statement said. 'Highlighting the adverse impact of project delays, the PM reiterated that such setbacks not only inflate costs but also deprive citizens of essential services and infrastructure. He urged all stakeholders to prioritise efficiency and accountability, stressing that timely delivery is critical to maximising socio-economic outcomes,' it added.
Hindustan Times
28-05-2025
- Business
- Hindustan Times
Strict compliance with RERA provisions crucial to restoring trust in housing sector: PM Modi
Prime Minister Narendra Modi has called on state governments to ensure the mandatory registration of all eligible real estate projects under the Real Estate (Regulation and Development) Act (RERA). He emphasized that strict adherence to RERA provisions is essential to rebuilding homebuyer confidence and restoring trust in the housing sector. PM Modi, during a PRAGATI meeting on May 28, emphasized the importance of strict adherence to Real Estate Regulatory Authority (RERA) provisions to restore trust in the housing sector. He highlighted the need to enhance the quality and timeliness of grievance redressal to ensure justice and fairness for homebuyers. The remarks came as Modi reviewed three major infrastructure projects worth over ₹62,000 crore under the PRAGATI initiative—an ICT-based multi-modal platform for pro-active governance and timely implementation. According to an official statement, the projects span the road transport, power, and water resources sectors across various states and union territories. During a review of public grievances linked to the Real Estate Regulatory Authority (RERA), Modi emphasised the need to improve the quality and timeliness of grievance disposal to ensure justice and fairness for homebuyers. Also Read: Over 4 lakh homes delivered in top nine cities in FY25; Delhi-NCR market sees a decline: PropEquity He asked state governments to ensure the mandatory registration of all eligible real estate projects under the RERA Act. Strict compliance with RERA provisions is critical for restoring trust in the housing market, he said. PM Modi highlighted that project delays not only lead to cost overruns but also deprive citizens of essential infrastructure and services. Emphasising the strategic importance of these projects, he called for concerted efforts to overcome implementation of bottlenecks and ensure their timely completion. He urged all stakeholders to prioritise efficiency and accountability, stressing that timely delivery is critical to maximising socio-economic outcomes. In the PRAGATI meetings held so far, 373 projects worth around ₹20.64 lakh crore have been reviewed, the statement said.
