Enforcement Directorate seizes Shine City property worth INR 31 crore
Author : PNT Bureau
Enforcement Directorate, Lucknow Zonal Office seized property worth INR 31 crore belonging to Shine City Group, including movable properties and immovable properties. Based on 554 first information reports registered by Uttar Pradesh Police, the ED initiated an investigation that revealed that the accused individuals duped the public with a ponzi-scheme and collected funds. These funds, collected under the guise of real estate investments, were used by associates to purchase several assets, including agricultural lands anonymously. Currently, the ED has arrested seven accused and confirmed their involvement in the crime during custodial interrogation....
GujRERA cracks down on 1000 non-compliant real estate projects in the state
Author : PNT Bureau
In a major regulatory move, the Gujarat Real Estate Regulatory Authority (GujRERA) has frozen over 1,000 bank accounts linked to real estate projects across the state. This action was prompted by developers' failure to comply with the Quarter-End (QE) requirements, which mandate updating project completion status with GujRERA within the specified deadline or seeking an extension. As a result, GujRERA has cancelled the registration of these projects, prohibiting developers from advertising, selling remaining units, or seeking credit. The impact will be particularly felt in major cities like Ahmedabad, Vadodara, Surat, and Rajkot. While some of the affected projects are already completed, the lack of Building Use (BU) permission has prevented developers from fulfilling the QE compliance. This crackdown underscores GujRERA's commitment to ensuring transparency and accountability in the stat...
Haryana Government approves stilt-plus-four-floor construction
Author : PNT Bureau
Haryana's Town and Country Planning Minister, J.P. Dalal, announced the state's approval for stilt-plus-four floor (S+4) constructions, extending this to older colonies under specific conditions. This decision, expected to benefit the public significantly, follows an expert committee's recommendations after a 16-month ban. S+4 constructions are permitted without conditions in approved sectors and specific housing schemes, with some stipulations for areas with three dwelling units per plot. The policy includes measures to prevent covering stilt areas, mutual consent requirements for neighbouring plots, and the establishment of a portal to manage S+4-related issues and permissions....
Indian Government plans INR 4 trillion investment in rural housing
Author : PNT Bureau
In response to recent electoral setbacks and rural economic challenges, the Indian government has planned a significant increase in rural housing and infrastructure spending. The proposal includes over INR 550 billion (USD 6.58 billion) for housing subsidies, aiming to build 20 million houses under the PM Awas Yojna (Rural). Additional investments in village roads and job creation programs target economic stimulation in rural areas, with a potential total investment of INR 4 trillion (USD 47.89 billion) over the next few years. Finance Minister Nirmala Sitharaman is expected to unveil detailed plans in the upcoming budget, emphasising a strong commitment to rural development and economic growth....
Bombay High Court revokes allotment of Sports Complex Plot to progressive homes
Author : PNT Bureau
The Bombay High Court criticised Maharashtra's Urban Development Department for failing to implement a 20-year-old plan to build an international-standard sports complex in Ghansoli, Navi Mumbai. The court annulled CIDCO's 2017 allocation of part of the land to a builder and rejected the state's decision to move the sports complex to a remote area. Highlighting the importance of accessible sports facilities for urban youth, the court directed CIDCO to hand over the entire plot to the state at no or government rates. The judgement emphasised the role of sports in nation-building and the need for effective public sports policies....
Tamil Nadu Government to rebuild 28,643 flats in 3 years
Author : PNT Bureau
The Tamil Nadu Government announced plans to reconstruct 28,643 deteriorating flats managed by the Tamil Nadu Urban Habitat Development Board over three years. Chief Minister M K Stalin revealed that 6,746 apartments will be rebuilt in the first phase, costing INR 1,146 crore. The initial phase, starting in 2024-2025, will focus on areas in Chennai, Thanjavur, and Tiruchirapalli. Since the DMK took office, the government has prioritised housing projects, completing 29,439 flats and 1.70 lakh individual houses. Additional projects, including 79,094 apartments and 89,429 individual houses, are in progress with a total expenditure of INR 6,685 crore....
Rajasthan Government launches committee to probe single lease controversy
Author : PNT Bureau
The Rajasthan Government has set up a committee to investigate single lease cases, chaired by former judge R.S. Rathore. This follows concerns about the previous committee's impartiality. The Bhajanlal government recently cleared several officials in a notable case from 2011, stating no rules were broken. The case, involving a lease to Ganapati Construction, led to arrests and legal proceedings. Despite closure attempts by the ACB, the court rejected withdrawing charges. An SLP in the Supreme Court challenges this decision. The new committee aims to provide an unbiased review of these long-standing cases, potentially impacting future handling of such matters in Rajasthan....
Telangana CM urges officials to draft a master plan-2050 for Warangal's development
Author : PNT Bureau
Telangana Chief Minister A. Revanth Reddy visited Warangal, urging officials to draft a 'Master Plan-2050' for the city's development on par with Hyderabad. He urged expedited land acquisition for Inner and Outer Ring Roads, proposing their integration with national highways. Under the 'Smart City mission', Reddy implemented plans for an underground drainage system and drinking water pipelines. He expressed concern over escalating costs for a super-specialty hospital and called for a forensic audit. Reddy also unveiled plans for digital health cards, which aim to detail citizens' medical histories and facilitate seamless healthcare access....
Bombay High Court orders BMC to develop new cemeteries in Govandi-Deonar area by year-end
Author : PNT Bureau
The Bombay High Court has urged the Brihanmumbai Municipal Corporation (BMC) to address the shortage of burial grounds for Sunni Muslims in Govandi-Deonar. Responding to a petition, the BMC assured the court of ongoing efforts to meet the demand. The court ordered the development of three identified plots by year-end, located next to Deonar colony, at Rafi Nagar, and near Hindustan Petroleum Corporation Limited. BMC Commissioner Bhushan Gagrani confirmed land allocation and development plans. Additionally, a private firm, Oswal Agro Mills Ltd, agreed to provide a plot in Anik village. The BMC is working to finalize land possession and development....
Maharashtra Government approves 500-square-foot flats for Kamathipura redevelopment
Author : PNT Bureau
Ahead of the assembly election, the state government has initiated a significant redevelopment project in Mumbai's Kamathipura, historically a red-light district with many old buildings. A government resolution promises a free 500-square-foot apartment to landowners and tenants under Regulation 33(9) of DCPR-2034. Landowners receive additional flats based on plot size. The Kamathipura Punarvikas Samiti had long advocated for this change due to financial constraints. MHADA, appointed as the nodal agency, conducted a survey and appointed a project management consultant....
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