PNT Reporter

25 Apr 2023

Mumbai residents seek lower premiums for collector land redevelopment as over 8 lakh families face weak building structures. They are urging the Maharashtra government to reduce the current 15-25% premiums to 5%—similar to Nagpur—arguing it would generate up to Rs 10,000 crore in revenue and attract more real estate investments. The high premiums, combined with recent changes in land conversion conditions, have raised concerns among residents. While the government maintains that redevelopment is possible without converting to freehold land, residents continue to demand lower premiums and a reconsideration of the new conditions.Read more

PNT Reporter

24 Apr 2023

The government plans to establish a committee focused on creating a standardized builder-buyer agreement to streamline the homebuying process and protect consumers from potential malpractices. Comprising judges, consumer commission members, consumer bodies, lawyers, and Ministry of Consumer Affairs representatives, the committee will develop a comprehensive agreement in collaboration with stakeholders, including homebuyers, developers, financial institutions, and regulatory bodies. The initiative aims to enhance transparency, improve legal protection, and simplify processes in the real estate sector, while addressing key challenges such as delayed possessions, unfair agreements, and misleading advertisements.Read more

PNT Reporter

24 Apr 2023

The Ludhiana municipal corporation is set to install unique identity number (UID) plates with QR codes on properties across the city, following a two-year delay. The UID tags will allow officials to quickly verify property details, ownership, and tax payment status by scanning the QR codes. The project, funded under the Smart City Mission, aims to improve administrative efficiency, transparency, and accountability in property transactions, ultimately benefiting property owners, potential buyers, tenants, and municipal authorities.Read more

PNT Reporter

24 Apr 2023

The Delhi Development Authority (DDA) is set to issue conditional notices to landowners in four additional sectors, which have now met the eligibility criteria for forming consortiums under the land pooling policy (LPP). These sectors include 7A, 7B, and 7C in Zone P-II and Sector 11 in Zone N. The move aims to promote planned urban growth and infrastructure development, as consortiums of landowners will take the lead in planning and engaging developers for residential and commercial properties. The DDA will primarily sanction layout plans and provide support throughout the process.Read more

PNT Reporter

24 Apr 2023

State-run banks in India plan to launch an e-auction app to dispose of around 500,000 properties over the next five years. The app will serve as a repository for information, data, and documents, streamlining the auction process for bidders and financial institutions. The initiative aims to increase transparency and improve efficiency in property auctions across the country. This comprehensive platform will help state-run banks manage their property auctions more effectively, promoting collaboration and supporting the growth of the Indian banking sector.Read more

PNT Reporter

21 Apr 2023

The Department of Town and Country Planning (DTCP) in Haryana has issued show cause notices to 13 architects for granting occupation certificates (OCs) to 20 buildings, violating the Haryana Building Code of 2017. The architects have three days to provide satisfactory explanations, or they may face blacklisting and legal action. The self-certification scheme, introduced last year to expedite the OC process, has raised concerns about oversight and potential exploitation by unscrupulous builders. The DTCP is considering stricter oversight measures and ongoing education to ensure safe and compliant construction practices across the region.Read more

PNT Reporter

21 Apr 2023

Gurugram's Department of Town and Country Planning (DTCP) and the police demolished a warehouse, a concrete plant, and a transport office in an unauthorized colony earlier this week. The structures, spread over five acres, were built without necessary permissions and violated building norms. Authorities urged residents not to invest in such illegal colonies and to consult the District Town Planner's office before buying land or plots. The demolition serves as a reminder of the importance of adhering to building regulations and investing in legal properties to ensure residents' safety and well-planned urban development.Read more

PNT Reporter

21 Apr 2023

The Enforcement Directorate (ED) filed a chargesheet against builder Shailesh Sawla and his companies, Kunal Construction and Sawla Construction, for selling flats meant for slum dwellers to influential individuals. The case, one of the oldest pending money laundering cases since the Prevention of Money Laundering Act (PMLA) came into force in 2005, involved collusion with BMC and SRA officials to construct larger flats for wealthy buyers. Authorities have pledged to strengthen oversight and improve transparency in the slum rehabilitation process in response to the chargesheet.Read more

PNT Reporter

21 Apr 2023

An arrest warrant for the promoters of Samiah Builders was issued earlier this week, after being accused of registering and selling the same plot of land to multiple individuals. The director Sagir Khan has been taken into custody, while the owner Zameel Ahmed Khan is said to be absconding. The company is said to have used intimidation tactics to silence victims who demanded possession of the plot. The police have issued a stern warning against such fraudulent builders and announced a reward for the team that can nab them.Read more

PNT Reporter

21 Apr 2023

Earlier this week, residents of Adani Oyster Grande in Sector 102, Gurugram took to the streets to protest the builder’s apathy towards maintenance of their residential complex. They allege that despite collecting a hefty fee from them, the builder is no maintaining common areas such as roads and parks properly. Even the sewage treatment plant is not working correctly. They are demanding that the builder hand over the maintenance corpus to the RWA. An official spokesperson of the builder has denied all allegations, claiming that the residents and RWA have not even lodged an official complaint about the same.Read more