Haryana govt takes over 15 troubled realty projects
(WorldNews India)

GURUGRAM: Haryana´s town and country planning department (DTCP) says it has cancelled the licences of and taken over 15 stalled real estate projects across the state. The step, which comes days after the state-run National Buildings Construction Company (NBCC) was roped in to revive Amrapali´s unfinished projects in Noida, indicates government intervention to rescue troubled real estate projects could no longer be unusual, at least not in NCR where housing projects are running years behind schedule. DTCP´s `takeover` involves all aspects of a project, including security deposits, an official said, so that the department could complete them on its own. None of the 15 Haryana projects that...