Government approves housing for 47,000 families under Mukhyamantri Awas Yojana in Chhattisgarh
Author : PNT Bureau
Under Chief Minister Vishnu Deo Sai, the Chhattisgarh State Government plans to provide houses to over 47,000 homeless families identified in last year's socio-economic survey. Conducted from April 1 to 30, the survey covered 59.79 lakh families and revealed 47,090 homeless ones. These families, missing from the 2011 SECC's permanent wait list, will receive housing under the Mukhyamantri Awas Yojana (Rural). Registration for the scheme is extended to March 31, 2027. Additionally, the cabinet mandated all state departments to procure through the Centre's GeM portal, ending purchases via the Chhattisgarh State Industrial Development Corporation to curb corruption. These actions demonstrate the government's commitment to addressing homelessness and enhancing procurement transparency....
Ludhiana Consumer Commission rules against GLADA in residential plot dispute
Author : PNT Bureau
The District Consumer Disputes the Redressal Commission in Ludhiana penalized the GLADA's chief administrator for failing to deliver a plot with a clear title and basic amenities to complainant Ms. Sushma Lata Bansal. Bansal was allotted a 95 square yard plot in the year 2019 and paid 25% of the cost. Despite this, GLADA did not provide essential services like water and roads and misled Bansal about the plot's legal status, which is sub judice. GLADA also ignored Bansal's requests for resolution and refund. The commission deemed GLADA's actions deceptive and its demand to deduct 10% of Bansal's deposit illegal....
Noida Authority plans amendments to ensure compliance with FAR norms
Author : PNT Bureau
The Noida Authority plans to amend bylaws to prevent developers from constructing up to the maximum purchasable Floor Area Ratio (FAR) without prior approval. Developers currently build up to the basic FAR and later add floors, paying fines afterwards. Proposed measures include prohibiting construction up to purchasable FAR without permission and increasing fines from INR 200 to INR 2,000 per square metre. These changes aim to ensure compliance with approved plans, safeguarding green spaces, parking, and building standards. The amendments seek to regulate development practices, enhance project quality, and protect homebuyers' rights in Noida....
Uttar Pradesh government revises hotel building byelaws to promote tourism
Author : PNT Bureau
The Uttar Pradesh government has amended its hotel building bylaws to boost tourism, simplifying regulations for establishing hotels on smaller plots. Key changes include removing the minimum land requirement for hotels with 6-20 rooms and halving the plot size requirement for larger hotels to 500 square metres. Hotels with up to 20 rooms can now be built on nine-metre-wide roads in residential areas. The amendments also mandate parking space and setbacks, ensure compliance with heritage site restrictions, and allow flexible design for larger hotels. These changes aim to attract investors, stimulate economic growth, and enhance the state's tourism infrastructure....
Telangana plans INR 10,000 crore revenue boost through land use conversion
Author : PNT Bureau
The Telangana Government plans to raise INR 10,000 crore by converting unused industrial land for commercial or residential use, addressing the need for INR 40,000 crore to fund welfare schemes like Rythu Bharosa, loan waiver, and Rythu Bima. Many industrial plots with sale deeds before Telangana's formation remain unused, including 20%-30% in sick and closed industries. A market survey will determine the maximum rate per-acre, estimated at INR 10 crore. The policy will apply to all industrial units, with single-window clearance via TS-iPASS and TS-bPASS. This strategy includes both budgeted and off-budget borrowings, considering FRBM Act conditions....
Supreme Infrastructure seeks NCLT nod for INR 1,736 crore debt restructuring plan
Author : PNT Bureau
Supreme Infrastructure India Ltd. has taken a significant step towards financial recovery by filing a petition with the National Company Law Tribunal (NCLT) to approve a new debt settlement plan. The "Composite Scheme of Compromise and Arrangement" received 92% support from creditors, signalling strong confidence in the restructuring. Initially facing a debt of INR 2,200.36 crore, the plan reduces this burden by INR 1,736.36 crore, leaving a manageable INR 464 crore. The company aims to achieve a debt-free status by September 2024 through asset monetization, equity raising, and promoter contributions, marking a fresh start for future projects....
Residents win green belt battle as NGT orders action against Ludhiana MC encroachments
Author : PNT Bureau
The National Green Tribunal responded to Ludhiana residents' petition alleging municipal encroachment on green belts, ordering removal of constructions in Model Town Extension and Sarabha Nagar. The MC must comply under district magistrate supervision and submit reports within two months. A joint committee confirmed partial encroachments but no forest land encroachment. The NGT directed removal of identified encroachments, imposed environmental compensation, and emphasised adherence to city master plan provisions. The MC, awaiting the commissioner's return, plans further actions based on NGT directives amid scrutiny of green belt use and ongoing encroachments....
Land dispute halts Mayfield Gardens handover to Gurugram Municipal Corporation
Author : PNT Bureau
The transfer of Mayfield Gardens to the Municipal Corporation of Gurugram (MCG) has stalled due to a dispute over a 327-acre land area. While MCG, following the Department of Town and Country Planning (DTCP) directives, seeks the entire 327 acres, the developer, Mayfield Projects, is only willing to hand over 291 acres, citing that the remaining 36 acres are undeveloped and lack essential infrastructure. The developer challenges MCG's INR 5.6 crore charge for infrastructure repairs. This impasse leaves residents facing poor road conditions and awaiting improved maintenance. A DTCP decision or a phased handover agreement is expected soon....
Real Estate developers urge Finance Minister for key budget reforms
Author : PNT Bureau
Real estate developers urge the finance minister to boost affordable housing in the Budget through measures like reinstating the credit-linked subsidy scheme (CLSS), revising the definition of affordable housing in major cities, and introducing input tax credit for GST paid. They seek to increase the home loan interest tax deduction from INR 2 lakh to INR 5 lakh and simplify the approval process. The affordable housing segment has declined, with sales dropping from 38% in 2019 to 20% in 2023 due to high interest rates. Developers suggest raising the affordable housing price cap to INR 1 crore in metro cities....
Delhi High Court demands explanation from L&DO over property conversion delays
Author : PNT Bureau
The Land and Development Office (L&DO) in Delhi is facing criticism for delaying the conversion of leasehold properties to freehold status. This two-year informal pause, due to an unfinalised standard operating procedure, has led to legal challenges and Delhi High Court involvement. Leaseholders of prime properties are eager for the housing ministry's approval, as the high market values make conversions attractive. The conversion charge is currently 6-10% of land value. The delay affects thousands of properties under L&DO jurisdiction. The situation calls for a balanced approach addressing both government and property owners' interests while ensuring a fair conversion process....
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