Haryana Real Estate Authority imposes INR 1.5 crore penalty on 1000 Trees Housing Pvt Ltd
The Haryana Real Estate Regulatory Authority (HRERA) in Gurugram has fined M/s 1000 Trees Housing Pvt Ltd INR 1.5 crore for failing to register its project despite having a licence for 12 years. The penalty arose from a review of the promoter's application to register the project, which is crucial for completing construction and delivering units to homebuyers. Regulations mandate project registration with HRERA before establishing third-party rights or making advertisements. Although the penalty was imposed, HRERA has conditionally approved the project, pending payment of the penalty and late fees, as stipulated under Section 59 of the Act....
Bombay High Court orders BMC and MHADA to resolve 25-year-old redevelopment dispute
The Bombay High Court criticised the Brihanmumbai Municipal Corporation (BMC) and Maharashtra Housing and Area Development Authority (MHADA) for their 25-year delay in issuing an Occupation Certificate (OC) for a redeveloped property in Mahim. The court directed MHADA to issue a No Objection Certificate (NOC) by August 30, and the BMC to grant the OC by September 20. The case involves a redevelopment project by Raj Realtors, with tenants facing financial and service hardships due to the lack of an OC. The court also ordered BMC and MHADA to investigate their officers' actions and rectify the situation....
Assam's new lease policy aims to create 108,000 jobs, boost IT and electronics sectors
The Assam government has launched the Land and Space Lease Management Policy, 2024, aimed at streamlining land leasing and facilitating investment in the state's IT parks and Electronics Manufacturing Clusters (EMCs). Announced by Chief Minister Himanta Biswa Sarma, the policy is expected to create 8,000 direct and over 100,000 indirect jobs. The initiative aligns with Assam's efforts to position itself as a key player in the IT and electronics sectors, supporting the broader Make in India agenda. Additionally, the government is addressing GST-related issues affecting small traders, further boosting the state's business environment....
DDA allocates 104 flats in Narela to rehouse slum dwellers for hospital construction
The Delhi Development Authority (DDA) has approved 104 flats in Narela for families displaced from slums to facilitate the construction of a maternal and child care hospital by RML Hospital. These EWS flats, located in Pocket V, Sector G-7, provide improved living conditions and access to essential amenities. The allocation, approved by Lieutenant Governor VK Saxena, follows a camp for residents to receive allotment letters. This move is part of broader DDA efforts, including past and ongoing projects like the Kalkaji and Jailorwala Bagh schemes, aimed at better housing for economically disadvantaged families....
Puducherry to introduce new industrial policy aiming for job creation and business growth
Puducherry's Industries Minister A. Namassivayam announced a new industrial policy to enhance industrial growth and job creation in the region. The policy, in response to requests for GST and Income Tax concessions, aims to attract more businesses. Since 2021, Puducherry has seen 189 new industries creating nearly 9,700 jobs. The government is also planning an IT park to boost tech sector employment. Additionally, Chief Minister N. Rangasamy revealed that the Excise department generates INR 1,488 crore annually and announced plans to outsource ambulance services to improve healthcare....
MahaRERA mandates quality assurance certificates to enhance safety for 10 million homebuyers
The Maharashtra Real Estate Regulatory Authority (MahaRERA) now requires developers to obtain quality assurance certificates for their projects, aiming to improve construction standards and protect homebuyers. This initiative addresses issues like subpar construction and delays, fostering a more reliable market. Domnic Romell of CREDAI-MCHI supports the move, emphasising the industry's commitment to quality and trust. Regular audits and inspections will ensure compliance, creating a more resilient and transparent real estate sector in Maharashtra, benefiting over 10 million homebuyers statewide....
Punjab and Haryana High Court pushes for tech solutions to curb illegal property transactions
The Punjab and Haryana High Court is pushing for the adoption of software to track land ownership and prevent fraudulent property transactions. This follows a case where a man, Prem Kumar, illegally sold 18 marlas of land he no longer owned. The court has directed the Punjab and Haryana governments to explore technological tools that can help sub-registrars verify property ownership more effectively. The next court hearing is set for September 2, where the revenue departments must report on their progress. This initiative aims to reduce legal disputes and improve transparency in real estate dealings....
MCG takes over 291 acres of Mayfield Gardens after developer default, 36 acres still pending
The Municipal Corporation of Gurugram (MCG) has taken control of 291 out of 327 acres in Mayfield Gardens, following Chief Minister Nayab Singh Saini's directive to address maintenance issues. This action comes after developers failed to pay development charges, leaving residents with inadequate infrastructure. MCG Commissioner Narhari Singh Banger announced that the corporation would prioritise sanitation and maintenance. Despite the takeover, 36 acres remain under the developer's control, with unresolved issues like sewage and electricity still troubling residents. The transition marks a crucial step in improving living conditions for Mayfield Gardens' residents....
DTCP orders 15-day compliance at Ireo Victory Valley after EWS residents' access denied
The DTCP has issued a 15-day compliance notice to the Residents' Welfare Association (RWA) of Ireo Victory Valley in Sector 67 after EWS flat owners reported being denied access to their homes and common amenities. This issue, highlighted in a grievance hearing led by Deputy Commissioner Nishant Yadav, raises concerns about discrimination against EWS residents. The RWA faces legal consequences if it fails to restore access and services. However, RWA members claim layout issues complicate access. The case underscores ongoing challenges in ensuring equitable treatment for EWS residents in Gurugram and similar communities across India....
ED to return 78 flats worth INR 20 crore to fraud victims
The Enforcement Directorate (ED) is set to return 78 flats valued over INR 20 crore to victims of fraud by the SRS Group in Gurugram. This decision follows an Appellate Tribunal order and involves properties from projects like SRS Pearl and SRS City. Previously, the ED had attached assets worth INR 2,215 crore from SRS Group in a money laundering probe. After extensive legal and verification processes, including directives from the Punjab and Haryana High Court and the Supreme Court, legitimate homebuyers will now receive their due properties. This action underscores ongoing challenges in real estate and regulatory efforts to address them....
MHADA's commitment to transparency highlighted in fifth Lokshahi Day event
Maharashtra Housing and Area Development Authority (MHADA) hosted its fifth Lokshahi Day, led by Vice President and CEO Sanjeev Jaiswal, to address public housing concerns. During the event, nine citizen applications were reviewed, primarily involving issues in Mumbai and Pune. Notable cases included Surekha Kale's appeal for a waiver of a INR 7.5 lakh late fee and Hiren Mehta's concerns about maintenance fees. Jaiswal emphasised the need for faster resolutions and better transparency, requesting a report on actions within 15 days. Lokshahi Day aims to improve public engagement and housing policy responsiveness....
Puducherry Government increases housing support and launches new initiatives for journalists
Puducherry Chief Minister N. Rangasamy announced enhanced financial support for housing and journalists. The Kamaraj Housing Scheme's subsidy has been raised to INR 5 lakh, matched by a central government contribution, totaling INR 10 lakh per household. This initiative aims to replace temporary shelters with permanent homes. Additionally, monthly assistance for retired journalists will rise from INR 10,000 to INR 15,000, and free laptops will be provided to active reporters. Plans to distribute house sites to journalists and process new pension applications reflect the government's commitment to improving welfare and living conditions in the region....
Punjab cabinet overhauls property registration, fire safety, and tax policies
Punjab's cabinet has approved significant reforms to simplify property registration by removing the no-objection certificate (NOC) requirement under specific conditions, addressing delays and fraudulent practices. The new regulations allow land deals verified through bank transactions before July 31 to bypass the NOC process. Additionally, the Punjab Fire Safety and Emergency Services Bill, 2024 updates fire safety regulations, requiring certificates every three years and introducing fire insurance. The cabinet also reduced motor vehicle taxes for tourist vehicles and imposed additional road tax on luxury cars, aiming to boost tourism and address pollution. A new tree preservation policy aims to increase the state's tree cover to 7.5% by 2030, supported by a INR 792.88 crore agroforestry project. These measures reflect Punjab's commitment to improving property transactions, safety, and e...
Government revamps PMAY with new income limits and affordable rental housing provisions
The Indian government has updated the Pradhan Mantri Awas Yojana (PMAY) to support urban families with incomes up to INR 9 lakh, offering interest subsidies on home loans for properties up to 120 square meters. The previous income threshold was INR 18 lakh, and the cap on loan amounts was higher. The new interest subsidy limit is INR 1.8 lakh. Additionally, affordable rental housing provisions are introduced, offering up to INR 1.5 lakh for constructing small rental units. New web-based platforms and transparent rental regulations aim to enhance accessibility and affordability for urban dwellers....
Mumbai Wakf Board reviews ownership of Bhendi Bazaar plot sold to SBUT
The Maharashtra State Board of Wakf is investigating whether a plot in Bhendi Bazaar, Mumbai, sold to the Saifee Burhani Upliftment Trust (SBUT) is legally Wakf property. This follows a Supreme Court order from May 17, requiring the Board to determine the plot's status within 12 weeks. The property, over 150 years old and originally owned by the Haji Ismail Haji Habib Musafirkhana Trust, was sold to SBUT in 2016 for redevelopment. While SBUT argues the plot is not Wakf land, tenants and interveners claim it is, citing a functioning mosque on-site. The Supreme Court's directive to maintain "status quo" has halted redevelopment work. The investigation, ongoing since July 24, 2024, aims to resolve this dispute and determine the plot's future amid SBUT's broader redevelopment efforts in Bhendi Bazaar....
PM-UDAY scheme in Delhi meets with limited success as beneficiaries struggle to comply
The PM-UDAY scheme, launched in 2019 to grant property rights to residents of Delhi's unauthorised colonies, has seen limited success. Despite 122,729 applications, only 23,811 ownership rights have been granted. Challenges include bureaucratic hurdles, financial barriers, and difficulties obtaining required documents like the power of attorney. Many residents, particularly in areas like Najafgarh and Nangloi, struggle to meet these demands. While the Delhi Development Authority (DDA) is making efforts to assist residents through camps and a bilingual online portal, the scheme's future remains uncertain as residents continue to face obstacles in securing basic services and ownership rights....
Goa withdraws TCP Amendment Bill amid cabinet opposition and environmental concerns
The Goa government has retracted the Goa Town and Country Planning (Amendment and Validation) Bill, 2024, following significant opposition from cabinet members. The bill aimed to protect the Town and Country Planning department from judicial scrutiny over land conversions, sparking concerns about potential environmental harm. The decision to withdraw, announced by TCP Minister Vishwajit Rane, reflects growing tensions between development and environmental protection in Goa. This move, along with the withdrawal of three other bills, signals the government's need to reassess its approach to land use and environmental sustainability....
NARCL targets INR 2 lakh crore in NPAs by FY26 to clean up bank balance sheets
The National Asset Reconstruction Company Limited (NARCL), supported by the Indian government, aims to acquire INR 2 lakh crore worth of stressed or non-performing assets (NPAs) from banks by FY 2026. As of July 2024, NARCL has taken over 18 accounts totaling INR 62,000 crore and approved resolution plans for two accounts valued at nearly INR 33,000 crore. NARCL utilizes the Swiss Challenge method for asset management and sale, allowing competition among bidders and the original bidder the right to match the best offer. Although the concept of a 'bad bank' was introduced in the 2021-22 Union Budget, its implementation faced delays. Nonetheless, NARCL's progress, including the successful application of this method to accounts worth INR 5,910 crore, is expected to help banks reduce NPAs, improve their balance sheets, and strengthen the financial system....
Over 50,000 real estate cases await resolution in Indian Consumer Commissions
As of July 31, 2024, consumer courts in India are facing a significant backlog of real estate-related cases, with 50,258 pending out of 2,44,813 filed, according to data shared by Minister B L Verma in the Lok Sabha. Despite resolving 1,94,555 cases, the backlog highlights the inefficiencies in the current consumer redressal system. The Consumer Protection Act, 2019, aims to improve this by establishing a three-tier quasi-judicial system and expediting case resolution. Key provisions include virtual filing of complaints, a 21-day determination period for admissibility, and specific timeframes for case resolution. The e-Daakhil portal, now available in 35 states and UTs, further facilitates online complaint registration, aiming to enhance the efficiency and accessibility of consumer justice....
NCLT upholds Piramal's claim on Radius Estate's Avenue 54 project
The National Company Law Tribunal (NCLT) has ruled in favor of Piramal Capital & Housing Finance, affirming the legality of their charge on the Avenue 54 real estate project owned by Radius Estate Projects in Santacruz, Mumbai. This decision resolves a contentious dispute between creditors, including J.C. Flowers Asset Reconstruction, providing clarity on the financial obligations associated with the project. The ruling solidifies Piramal's position as a significant financial creditor with legitimate claims over the project's assets, despite the initial mortgage holder, Yes Bank, revoking its No Objection Certificate (NOC) due to non-compliance by the developer....
Mysuru developers demand action as over 100 projects face approval delays
Developers in Mysuru are voicing frustration over an eleven-month delay in project approvals by the Mysuru Urban Development Authority (MUDA), causing financial strain and stalled housing developments. Key issues include a vacant chairman position, election-related delays, and ongoing MUDA scam controversies. More than 100 layout projects are on hold, impacting both developers and homebuyers. The Confederation of Real Estate Developers' Associations of India (CREDAI) is urging the chief minister and urban development minister to expedite approvals. As the backlog grows, there are fears of a potential housing crisis and stunted economic growth in the region....
MCG fines Golf Course Road societies INR 35,000 for SWM violations
The Municipal Corporation of Gurgaon (MCG) has fined two residential societies on Golf Course Road Extension a total of INR 35,000 for non-compliance with Solid Waste Management (SWM) regulations. The fines include INR 25,000 for one society and INR 10,000 for the other. Inspections revealed failures in composting wet waste and recycling dry waste. Both societies were also found lacking waste processing units. The MCG has granted a 20-day period for compliance, warning of further penalties if regulations are not met. This action is part of MCG's broader effort to enforce stricter waste management practices in the rapidly urbanizing city....
Union Ministry expands ecologically sensitive areas in Western Ghats to 1,461 sq km, affecting 108 villages
The Union environment ministry has issued a draft notification to expand Ecologically Sensitive Areas (ESAs) in the Western Ghats, now covering 1,461 square kilometres and impacting 108 villages-up from the previous proposal of 99 villages. This fourth draft opens a 60-day public feedback window, inviting input from stakeholders. The Goa state government had urged a restriction to 63 villages, citing economic concerns, particularly over a proposed ban on mining in these areas. The final decision will weigh environmental protection against local economic impacts, highlighting the ongoing challenge of balancing conservation with livelihood needs....
Unpaid dues and illegal occupations hamper affordable housing efforts in Chandigarh
The Chandigarh Housing Board (CHB) faces severe challenges, with over 15,000 allottees owing more than INR 65 crore in unpaid dues. Despite efforts, the CHB struggles with enforcement, as unauthorised occupations and subletting plague its 18,138 small flats, including 2,000 Affordable Rental Housing Complexes (ARHCs). A recent survey revealed 1,117 flats in illegal use, highlighting the board's inefficiency. Political opposition and slow legal processes further hinder the CHB's ability to manage its housing stock effectively, raising concerns over its role in providing affordable housing in Chandigarh....
CM Shinde urges swift action on Pune flood management; over 15,000 residents impacted
In response to recent floods in Pune and Pimpri Chinchwad, Chief Minister Eknath Shinde has called for urgent improvements to flood management systems. He emphasised the need to increase river flow capacity, enforce strict measures against obstructions, and accelerate slum rehabilitation. Shinde proposed establishing meteorological stations and an early warning system in flood-prone areas. He also announced plans for a Blue Flood Line survey for permanent rehabilitation and urged immediate humanitarian aid for victims. These steps aim to enhance living conditions and prevent future flooding disasters in the region....
AMRUT 2.0 set to launch INR 5,000 crore urban infrastructure projects nationwide
Under AMRUT 2.0, the Indian government is set to roll out urban infrastructure projects worth INR 5,000 crore, focusing on water supply, sewage treatment, and urban sustainability. This initiative is part of the NDA's 100-day agenda, targeting the extension of tap water to all homes in 4,800 statutory towns. With a total outlay of INR 2.99 lakh crore, the program's progress has been uneven, with only 50% of projects initiated. The projects emphasize long-term benefits like groundwater recharge and urban flood mitigation, aiming to enhance the quality of life for millions of citizens....
Draft RP 2041 aims to preserve Aravali Ridge with reinforced Natural Conservation Zone
In response to environmental concerns, the government has reinstated the Natural Conservation Zone (NCZ) in the draft Regional Plan 2041 for the National Capital Region (NCR), protecting vital ecological areas such as the Aravali Ridge. The plan preserves the original 1992 definition of the Aravali range, preventing non-forest activities and safeguarding 179 sq km from development. The move follows strong public support, with over 4,000 submissions urging the restoration of NCZ provisions. As the draft plan nears finalisation, the focus remains on balancing environmental conservation with urban development in the NCR....
Maharashtra proposes 65% construction cap on mangrove and saltpan lands
The Maharashtra government has proposed limiting construction to 65% on plots in Special Development Zones (SDZs), down from the previously allowed 80%, particularly in areas once designated as mangroves and saltpan lands. This move, aimed at allocating more space for open amenities, follows the abandonment of affordable housing plans in these sensitive regions. While the proposal seeks to improve city planning, environmental activists warn of the risks to Mumbai's ecosystem and increased flood vulnerability. Public feedback is invited on the new regulations, highlighting the ongoing debate between urban development and environmental sustainability in Mumbai....
Chhattisgarh's 15 lakh housing proposal under PMAY-G prioritizes conflict-affected families
The Chhattisgarh government has requested central approval for over 15 lakh houses under the Pradhan Mantri Awas Yojana (Gramin) (PMAY-G), with a special focus on families affected by Maoist violence and those of surrendered Maoists. During a meeting with Union Rural Development Minister Shivraj Singh Chouhan, Chhattisgarh's Chief Minister Vishnu Deo Sai highlighted the need for targeted housing in 15 districts facing Left-Wing Extremism. The initiative aims to provide stability through housing, particularly in rural areas with acute shortages. The central government is expected to increase funding under PMAY-G to address rising construction costs....
Gurgaon Citizens Council challenges S+4 floor policy in High Court
The Punjab and Haryana High Court heard a plea challenging the Haryana government's policy allowing stilt-plus-four (S+4) floor constructions in Gurgaon's residential areas. The Gurgaon Citizens Council, which filed the petition in the year 2021, argued that the policy was reinstated on July 2, 2024, despite an ongoing court case and a pending expert committee review. During the August 8, 2024, hearing, the government assured the court it would halt further approvals for S+4 constructions until the next hearing on August 22. The court directed the government to submit all the relevant policy documents by the aforementioned date....
Haryana's Housing Policy Update: Flexible payment plans and support for vulnerable groups under MMSAY
The Haryana Cabinet, under Chief Minister Nayeb Singh Saini, has approved key changes to the Mukhya Mantri Shehri Awas Yojana (MMSAY). The amendments extend payment timelines for beneficiaries of 1 Marle (30 sq. yards) plots, giving them three years instead of six months to pay INR 80,000. The policy also allows for penalty-free refunds and plot transfer in case of a beneficiary's death. These changes aim to support urban families earning up to INR 1.80 lakhs annually, benefiting 15,250 low-income households across fourteen districts....
BBMP to penalise neglected properties: INR 2 per sq. ft fine for unkempt plots
The Bruhat Bengaluru Mahanagara Palike (BBMP) is cracking down on neglected vacant properties, with fines of INR 2 per square foot for unkempt plots. Property owners will receive notices if their sites lack cleanliness, and repeat offenders may face legal action. This initiative aims to curb illegal dumping, improve public health, and enhance neighbourhood quality. Simultaneously, the BBMP is intensifying efforts to combat mosquito-borne diseases like dengue, deploying 600 fogging machines and 618 sprayers across the city as daily case numbers stabilise. The BBMP's actions reflect its commitment to fostering a cleaner and healthier Bengaluru....
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