MREAT orders ITMC Developers to pay interest on delayed possession to homebuyers
Author : PNT Bureau
The Maharashtra Real Estate Appellate Tribunal (MREAT) recently overturned a MahaRERA decision, directing ITMC Developers to pay interest on INR 94 lakh paid by homebuyers for the Sai Sapphire project. Interest is set at 2% above SBI's highest MCLR from April 2019 until possession is handed over. The MREAT criticized MahaRERA's grace period for interest payments and clarified that the promoter could not claim Covid-related moratorium benefits, as possession was promised before the pandemic. The tribunal highlighted that an allottee's right to claim interest under Section 18 of RERA for delays in possession is absolute and cannot be undermined....
Bengaluru PG owners seek relaxations amid new BBMP safety regulations
Author : PNT Bureau
The rising demand for paying guest (PG) accommodations in urban areas has led to regulatory challenges, especially after a tragic incident in Koramangala, which prompted the Bruhat Bengaluru Mahanagara Palike (BBMP) to introduce stricter safety guidelines. PG owners are now struggling to comply, citing high costs and operational difficulties. Key concerns include the extended 90-day CCTV footage requirement, increased space per occupant, and the cost of hiring security personnel. Many owners, already operating on thin margins, are seeking regulatory relaxations and a grace period to register their PGs, emphasising the need for a balanced approach between safety and financial sustainability....
Pune: Pimpri Chinchwad to simplify property transactions with data integration between PCMC and IGR office
Author : PNT Bureau
Property transactions in Pimpri Chinchwad are set for a transformation as the civic administration finalises the integration of data between the property tax department and the Inspector General of Registration (IGR) office. This automation will eliminate the need for separate registration applications, expediting property transfers. Once the data is updated, owners will receive notifications to pay transfer fees online, which will be included in property tax bills if unpaid. Deputy Municipal Commissioner Avinash Shinde highlighted that this integration aims to rectify issues with outdated ownership information, ensuring accurate billing and reducing penalties for delayed payments....
Gurugram: DTPE cracks down on illegal constructions, seals seven homes in DLF-1
Author : PNT Bureau
A DTPE team, led by Manish Yadav, sealed seven houses in DLF-1 due to illegal constructions, including unauthorized modifications despite occupancy certificates. The action followed multiple complaints from residents regarding aesthetic and safety concerns. Prior show-cause notices had been issued, but property owners failed to comply, prompting enforcement on October 21. The operation was supervised by duty magistrate ATP Anish Grover and other officials, focusing on ensuring adherence to town planning guidelines and enhancing the neighbourhood's safety and aesthetics....
Lucknow: LDA offers festive discounts on flats, savings up to INR 2.5 lakh for homebuyers
Author : PNT Bureau
The Lucknow Development Authority (LDA) is celebrating its 50th anniversary by offering substantial discounts on flats, with direct reductions of INR 1 lakh to INR 2.5 lakh available from October 21 to December 31. Early payment incentives provide additional discounts of up to 6% for timely payments. The available flats range from 500 to 1,900 square feet and are priced between INR 23 lakh and INR 1.08 crore. Government employees can secure flats with a 25% down payment, while the general public needs to pay 35%. Properties are located in several prominent areas, including Gomtinagar and Jankipuram, aiding homebuyers in fulfilling their ownership dreams....
Karnataka construction workers protest for pension release and better working conditions
Author : PNT Bureau
In Mangaluru, members of the Karnataka State Building and Other Construction Workers Federation protested outside Mini Vidhana Soudha, demanding that the central and state governments address various concerns affecting construction workers. District general secretary Yogesh Jappinamogaru urged the release of overdue pensions and outstanding educational financial assistance. He highlighted unsafe working conditions, particularly for migrant workers and women facing wage discrimination and harassment. CITU district general secretary Sunil Kumar Bajal condemned previous government actions that consolidated labour laws, warning that protests will escalate if demands are not met. A campaign advocating for workers' rights was also conducted in early October....
Gurugram: DTP seals residential properties over misuse
Author : PNT Bureau
In a bid to tackle illegal commercial activities on residential plots, the District Town Planner (DTP) conducted a two-day sealing operation in South City 2 and Uppal Southend. On October 15, three properties were sealed, including two guesthouses and a basement gym. The following day, two more guesthouses and one unauthorized structure were sealed in South City-I and Greenwood City. Residents expressed relief, highlighting ongoing issues such as increased traffic and security concerns due to these establishments. The DTP plans to continue these operations to enforce regulations against the misuse of residential areas for commercial purposes....
Supreme Court clears way for demolition of 41 illegal buildings in Nalasopara
Author : PNT Bureau
The Supreme Court has dismissed a Special Leave Petition from families residing in 41 illegal buildings in Agrawal Nagari, Nalasopara, allowing the Vasai Virar Municipal Corporation (VVMC) to proceed with demolitions. The residents, served a 24-hour eviction notice, had sought relief from the Bombay High Court, which extended the eviction deadline but did not halt the demolitions. The court noted the unauthorized constructions were erected without the necessary approvals, with part of the land designated for public projects. The civic body has requested police protection to carry out the demolitions and plans to cut off utilities to the affected buildings....
Ahmedabad's construction site CCTV mandate faces resistance over privacy issues
Author : PNT Bureau
The Ahmedabad Municipal Corporation's (AMC) directive requiring CCTV cameras at large construction sites to monitor dust emissions has stalled due to builders' privacy concerns. As part of AMC's 'Good Construction Practices' initiative to curb air pollution, sites over 10,000 square meters were mandated to install at least four cameras with a 20-meter range and one month of backup storage. Builders, however, argue that live surveillance infringes on privacy, leading many to resist full compliance. While some have installed cameras at entry and exit points, the AMC has faced difficulties enforcing the live feed requirement. The situation highlights the challenge of balancing environmental regulations with privacy rights in the construction sector....
Navi Mumbai police investigate land fraud case involving INR 68 lakh scam
Author : PNT Bureau
Navi Mumbai police have filed a case against four individuals for allegedly defrauding a Mumbai-based interior designer of over INR 68 lakh by falsely selling her land. The complaint, lodged at the Nerul police station, noted that one accused has died. Senior Inspector Bramhanand Naikwadi revealed that the accused sold a plot in Pali, Raigad district, to a 46-year-old victim but failed to deliver possession. Sumit Jain, who was recently murdered, is among the accused, along with real estate agent Vitthal Baban Nakde, Virendra Kadam, and Chandrakant Sawant, who allegedly impersonated the land's legitimate owner. No arrests have been made yet....
This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Prop News Time reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Prop News Time for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Prop News Time will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 (“RERA”) and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Prop News Time accepts no responsibility for keeping the information on this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Prop News Time does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention of third-party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Prop News Time accepts no responsibility for the content, reliability and information provided on these third-party websites. Prop News Time will not be held liable for any personal information or data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Prop News Time is not liable for the same. All details in the form of news stories, photos and videos provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. This Site is for guidance only. Your use of this Site – including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional–client relationship between you and Prop News Time. Prop News Time cannot accept you as a client until certain formalities and requirements are met.
Cookie Disclaimer
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy