PNT Reporter

18 Apr 2023

The Shipra group has filed a complaint against Indiabulls and M3M, accusing them of attempting to usurp its properties, including Shipra Mall. The Ghaziabad police have registered an FIR against 18 executives from both companies and initiated an investigation. Shipra alleges that Indiabulls fraudulently inflated a loan amount and demanded repayment using forged documents. Both Indiabulls and M3M deny the allegations, dismissing them as false and malicious. The case highlights the importance of transparency and integrity in corporate dealings, especially in the real estate sector.Read more

PNT Reporter

18 Apr 2023

Larsen & Toubro (L&T) is close to finishing India's first 3D-printed public building, a 1,100-square-foot post office in Bengaluru, at a cost of INR 23 lakh. The ground-breaking project reduces construction time by 30-40%, while maintaining costs similar to traditional methods. This innovative technology brings numerous benefits, including design freedom, customization, stronger structures, and energy efficiency. L&T's pioneering efforts in 3D-printed construction could revolutionize the industry and pave the way for sustainable, efficient large-scale projects, such as affordable housing, to accommodate India's growing urban population.Read more

PNT Reporter

18 Apr 2023

The Department of Town and Country Planning (DTCP) in Gurgaon has started a drone survey in sectors 1 to 80 to identify infrastructure deficiencies and unauthorised constructions in licensed colonies. The survey will also keep a check on any violation of norms and record stilt plus four floor buildings in these sectors. The data collected through this survey will be used to prepare an action plan and to identify issues related to infrastructure upgrade and encroachment on public spaces and government land.Read more

PNT Reporter

17 Apr 2023

Jaypee Infratech's creditors, including Jaiprakash Associates, the Income Tax department, and YEIDA, have filed an appeal against the award of the company to Suraksha Group by the NCLT. The appeal could delay the start of construction. The Income Tax department has claimed that only Rs 10 lakh have been provided towards its dues despite its claims, while Jaiprakash Associates has argued that the resolution plan proposed by Suraksha Group is not in conformity with certain provisions of the Insolvency & Bankruptcy Code.Read more

PNT Reporter

17 Apr 2023

The Kolkata Municipal Corporation (KMC) has announced that it will revoke the trade licence of real estate promoters who dupe flat owners. Previously, the KMC only penalized architects or licensed building surveyors if they failed to provide facilities to flat owners. The KMC will keep a watchful eye on real estate promoters who have fled after constructing an apartment building without applying for a completion certificate. The decision is a step in the right direction to ensure that flat owners receive the necessary amenities and services promised to them and to hold real estate promoters accountable for their actions.Read more

PNT Reporter

17 Apr 2023

The state urban development and housing department in Jharkhand is discussing a scheme for the one-time regularisation of “illegal” buildings located in municipal corporation areas. The department had announced a draft of the scheme in November of the previous year, called the ‘Scheme for regularisation of unauthorised residential construction-2022’. The aim of this scheme is to regularise both residential and non-residential buildings that have been built without proper approvals or in deviation of approved building plans, against a one-time payment.Read more

PNT Reporter

17 Apr 2023

The Forum for People’s Collective Efforts (FPCE), a nationwide organization representing homebuyers, has requested compensation from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for homebuyers, while expressing concerns about real estate developers’ failure to comply with the statutory requirement of providing project updates every quarter. The FPCE has also urged MahaRERA to impose penalties on promoters of these projects for their non-compliance, citing Section 61 of the Real Estate (Regulation & Development) Act, 2016.Read more

PNT Reporter

17 Apr 2023

The Nagpur Municipal Corporation's town planning department approved a building plan for a structure on a site that allegedly cut down a large number of trees without permission from the Tree Officer, as required by section 19 of the Maharashtra (Urban Areas) Protection and Preservation of Trees Act, 1975. The landowner has submitted a revised building plan and was directed to obtain permission from the Tree Officer before it could be sanctioned. However, despite a complaint and notice from a former member of NMC's Tree Authority, the NMC garden department is yet to visit the site and initiate action.Read more

PNT Reporter

14 Apr 2023

CIDCO has introduced an amnesty scheme until April 30 for defaulters in its mass housing scheme, offering discounts on delayed payment charges. Applicants who have not paid all instalments have been given a last chance to clear their dues, with the amnesty scheme only applying to those who pay outstanding instalments in the allotted time.Read more

PNT Reporter

14 Apr 2023

The dilution of Coastal Regulation Zone (CRZ) in 2019 has allowed for more construction near Mumbai's coast, benefiting prominent personalities like Sachin Tendulkar, Jaya Bachchan, and Cyril Shroff. The Maharashtra Coastal Zone Management Authority has approved proposals to add extra floors to existing bungalows and expand luxury residential buildings. However, environmental activists have raised concerns about increasing the load on the coastline and not submitting to the spirit and purpose of the CRZ notification.Read more