Bombay HC directs society members to pay INR 5 lakhs or vacate property for redevelopment
Author : PNT Bureau
The Bombay High Court has asked seven members against redevelopment of Taruvel CHSL building to vacate their flats or pay INR 5 lakhs within two week. When 8 out of 84 members refused to vacate their flats, DEM Homes LLP took the matter to the court, after which one vacated his flat. Advocates of the members clarify that the developer is not willing to provide them with permanent alternate accommodation while the developer advocates argue that an agreement will be executed with them and treat them equally. The Justice Doctor said that the argument presented by the member is incorrect....
Kolkata Municipal Corporation enforces stricter rules to prevent illegal constructions
Author : PNT Bureau
The Kolkata Municipal Corporation (KMC) plans to amend building regulations to prevent the legalisation of unauthorised constructions exceeding 10% of the permitted area. Mayor Firhad Hakim announced a strict stance against illegal buildings, allowing minor regularisation but not for significant plan changes. A senior KMC official highlighted the difficulty of dealing with buildings where entire floors were added without approval. Following a tragedy in Garden Reach, KMC withheld completion certificates for many new buildings due to rule violations. Hakim urged the police to take quicker action against unauthorised constructions and called for a ward-wise campaign to inform citizens about new rules. The KMC aims to ensure strict adherence to building regulations and promote safer, more orderly development in Kolkata....
SEBI to auction 19 properties of non-compliant companies to recover investor funds
Author : PNT Bureau
The Securities and Exchange Board of India (SEBI) will auction nineteen properties from seven companies on August 12 to recover funds illegally collected from investors. The companies include Mangalam Agro Products, Sun Plant Business Ltd, and Sumangal Industries. Other firms involved are Sunheaven Agro India, Ravi Kiran Realty India Ltd, Jivan Sathi Dream Projects, and Purusattam Infotech Industries. The properties, located in West Bengal and Odisha, have a reserve price of INR 20.74 crore. The online auction will be conducted from 11 am to 1 pm, assisted by Adroit Technical Services. SEBI advised bidders to verify property details independently....
New housing initiatives to benefit 100,000 urban poor families in Haryana
Author : PNT Bureau
The Haryana Cabinet, led by Chief Minister Nayab Singh Saini, approved the 'Mukhya Mantri Shehri Awas Yojana' to provide affordable housing for economically weaker sections. The scheme aims to offer housing to 100,000 families with annual incomes up to INR 1.80 lakh. Eligible families will receive 30 square-yard plots to build homes, integrated with the PMAY-U scheme. Financial aid includes subsidies, loans, and interest subventions. Additionally, the state will implement the Mukhya Mantri Gramin Awas Yojana (MMGAY) for rural residents, offering financial assistance for purchasing residential plots and ensuring affordable housing in both urban and rural areas....
Maharashtra Government announces 1,056 new homes under PMAY in Nakshatrwadi
Author : PNT Bureau
The Maharashtra Government unveils plans to construct 1,056 new homes in Nakshatrwadi under the Pradhan Mantri Awas Yojana (PMAY), aimed at providing affordable housing. Concurrently, 1,133 homes and 361 plots have been allocated across various districts including Chhatrapati Sambhaji Nagar, Latur, Jalna, Nanded, Hingoli, Parbhani, and Dharashiv through MHADA's housing schemes. A computerised lottery ensured fair distribution, with Suresh Bansode winning 425 PMAY homes in Chhatrapati Sambhaji Nagar. State Housing Minister Atul Save highlighted modern amenities comparable to private developments in Nakshatrwadi, reinforcing the government's commitment to quality housing. Details on amenities and construction commencement are forthcoming, with a bhoomipujan anticipated soon. This initiative underscores Maharashtra's proactive approach to addressing housing challenges through PMAY....
Andhra Pradesh abolishes Land Titling Act and introduces free sand program
Author : PNT Bureau
The Andhra Pradesh government, under Chief Minister N Chandrababu Naidu, has repealed the Land Titling Act of 2022, citing public and media concerns. The new policy includes a free sand program for construction projects, benefiting those with investments over INR 5 crore (USD 600,000) or projects of more than 500 units. This initiative aims to alleviate construction costs and will be in place until a permanent sand distribution system is developed. Additionally, the Civil Supplies Department will secure INR 2,000 crore (USD 24 million) in loans for grain procurement, and further details are being sought from the Agriculture and Cooperation Department....
An elderly couple in Delhi, Monica Gogiya and her husband, are embroiled in a legal battle after a real estate deal with Shaili Thapar and his son, Sahir Thapar, went awry. The Gogiyas allege that they agreed to sell part of their Vasant Kunj farm to Thapar for INR 38 crore, but Thapar registered the entire 36,000-square-foot property in his name after paying only INR 10 crore. Despite attempts to halt the registration, the property was transferred on February 23rd. The Gogiyas claim Thapar, with hired goons, forcibly took over their property on March 8th. Thapar, however, asserts the agreement stipulated full payment by February 10th and denies any wrongdoing. The Delhi High Court has temporarily restrained Thapar from obstructing the Gogiyas' access to their property and halted further construction until the case is resolved. This case underscores the risks elderly individuals face in ...
Chandigarh resident awarded compensation for delayed flat possession
Author : PNT Bureau
Chandigarh resident Naresh Garg has been awarded compensation for significant delays in receiving his apartment in Omaxe Chandigarh Extension Developers Private Limited's "The Lake" project. Garg purchased a 1,285 sq. ft. flat in December 2015 for INR 56,63,404, expecting possession by December 2019. Delays led to an agreement for a larger unit with a new possession date of July 2021, which was also missed. The State Consumer Disputes Redressal Commission ruled in Garg's favour, ordering the developer to complete the unit within two months and pay compensation with 9% interest per annum, INR 75,000 for stress, and INR 35,000 for litigation costs....
Builders in Greater Noida face hefty fines over groundwater misuse
Author : PNT Bureau
Builders in Greater Noida are under scrutiny for allegedly illegally extracting groundwater, triggering potential fines following a National Green Tribunal (NGT) order and subsequent investigations. Environmentalists raised concerns, leading to findings that 38 developers across 41 projects were not compliant with regulations on water extraction. The Greater Noida Authority has proposed fines totaling INR 144.3 crore, calculated at 1% of project costs due to absence of water metre data. Builders argue for fair penalties based on extraction duration and volume. This case underscores the critical need for stringent groundwater management in construction, with implications for environmental sustainability and community welfare....
BMC to allocate five acres of Mulund Octroi land for Dharavi redevelopment
Author : PNT Bureau
The Brihanmumbai Municipal Corporation (BMC) is prepared to transfer five acres of the 18-acre octroi naka land in Mulund for the Dharavi Redevelopment Project. This move, disclosed via the Right to Information (RTI) Act by activist Sagar Devre, comes amidst political controversy during the Lok Sabha election campaign. Several politicians, including deputy chief minister Devendra Fadnavis, opposed relocating "ineligible" Dharavi residents to Mulund. With three to four lakh residents needing relocation, this issue underscores the complexity of urban redevelopment and the political stakes involved in Mumbai's high-value real estate landscape....
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