YEIDA issues occupation certificate to Oasis Grandstand, bringing relief to homebuyers in Noida
Author : PNT Bureau
The Yamuna Expressway Industrial Development Authority (YEIDA) has issued an occupation certificate to Oasis Grandstand in Noida's Sector 22D, easing registry anxieties for 1,235 homebuyers. This milestone resolves long-standing issues in the real estate sector. Furthermore, YEIDA's approval for approximately 600 plots in SDS Infracon's Sector 26A township signals progress in resolving financial disputes, enabling plot owners to initiate construction. CEO Arun Vir Singh highlighted these decisions' significance, emphasizing the forthcoming board meeting's potential to extend Covid 'zero period' benefits, potentially exempting homebuyers from interest or penalty charges. This move aims to alleviate financial burdens and expedite registry processes, ensuring relief for homeowners across various residential projects....
MIDC orders Indiabulls to vacate land in Sinnar SEZ
Author : PNT Bureau
Maharashtra Industrial Development Corporation (MIDC) has ordered Indiabulls Real Estate and Indiabulls Industrial Infrastructure (IIIL) to vacate 512 hectares of land in the Special Economic Zone (SEZ) at Sinnar, Nashik district. IIIL, which leased the land in 2007, claims the eviction order is unlawful and said that it has already paid INR 67.7 crores in premium. The company has developed infrastructure and rehabilitated Project Affected Persons (PAPs). MIDC alleges that the company failed to complete development and rehabilitate PAPs within the stipulated timelines. The resolution of this conflict is crucial for the economic growth of Sinnar, a key manufacturing and industrial hub....
Kolkata civic body mandates online application for building plan approval
Author : PNT Bureau
The Kolkata Municipal Corporation (KMC) has mandated online applications for building design clearance, except for renovations or insecure building reconstructions. Mayor Firhad Hakim emphasized the efficiency and transparency of the online system, which now reduces approval time from 45 days to a mere fortnight. With approximately 250 plans processed monthly, the KMC anticipates a surge in applications, particularly in key construction areas. To manage this, executive engineers have been alerted, and network infrastructure enhancements and specialized software have been implemented. Workshops will educate professionals on the new system. This digital shift underscores KMC's commitment to modernizing civic services and enhancing citizen convenience....
Gujarat assembly empowers government to regulate transfer fees for housing societies
Author : PNT Bureau
The Gujarat Assembly unanimously passed an amendment bill, empowering the state government to regulate transfer fees collected by cooperative housing societies during property transactions. Minister of State for Cooperation Jagdish Vishwakarma emphasized the necessity of this change due to the lack of clarity in the current Act, leading to arbitrary fee collections. The amendment aims to prevent excessive fees and ensure transparency, particularly as approximately 1,500 new housing societies register annually. Additionally, the bill proposes reducing the minimum membership requirement for cooperative housing society registration from 10 to 8, aligning with RERA regulations. Separately, the Assembly approved a bill elevating DAIICT into Dhirubhai Ambani University, expanding its academic scope....
Haryana approves registry for regularised colony plots and homes
Author : PNT Bureau
In a significant move, the Department of Town and Country Planning (DTCP) has initiated the issuance of NOC for illegal colonies. The DTCP had issued a notification on October 4, 2023, to regularise 21 colonies spanning approximately 186 acres of prime land across various villages including Gurgaon, Manesar, Sohna, Pataudi, and Farrukhnagar. The regularisation aims to bring these previously unauthorised colonies under legal purview, offering residents formal recognition and access to essential services. This initiative signifies a step towards better urban planning and governance in Haryana, addressing long-standing concerns regarding informal settlements and land regularisation....
UP-RERA mandates project documents to be delivered to headquarters
Author : PNT Bureau
In a recent office directive, promoters have been instructed to submit project-related documents, including registration, extensions, and modifications, to the UP-RERA Head Office in Lucknow. This order outlines that the delivery can be made either in person or via postal service. The move aims to centralize project documentation processes and ensure compliance with regulatory standards. To expedite matters, documents for complainants in NCR regions will be handled at the Regional Office in Greater Noida. Sanjay Bhoosreddy, chairman of UP-RERA, emphasizes the importance of timely document delivery for efficient resolution of matters....
Bombay High Court declines to halt construction for project affected persons (PAP)
Author : PNT Bureau
The Bombay High Court declined to halt the creation of additional tenements for project-affected persons (PAP) in Mumbai, amidst a PIL seeking to cancel BMC's scheme procuring housing from the open market. Justices Gautam Patel and Kamal Khata emphasised the wider public interest in providing housing for PAPs affected by infrastructure projects. The court heard three PILs alleging a scheme benefiting certain developers. BMC began purchasing housing units at market rates from developers in 2021, prompting scrutiny over the PAP policy's validity....
Ensuring shelter for all, Supreme Court issues interim stay on Akbar Nagar demolitions
Author : PNT Bureau
The Supreme Court, in a recent hearing on the demolition of structures in Lucknow's Akbar Nagar, highlighted flaws in urbanization policies and the government's failure to provide affordable housing, citing it as a key driver for unauthorized constructions. Justices Sanjiv Khanna and Dipankar Datta noted challenges in urbanization policies, particularly in cities like Delhi, where unauthorized colonies proliferate due to inadequate land information. Concerns were raised over demolitions affecting both commercial and residential spaces, prompting a reevaluation of existing policies to address housing needs, especially for economically weaker sections. The court issued an interim stay on demolitions, emphasizing the necessity for comprehensive urbanization policy reviews to ensure housing for all....
Online registration opens for MHADA lottery in Chhatrapati Sambhajinagar
Author : PNT Bureau
The Maharashtra Housing and Area Development Authority (MHADA) in Chhatrapati Sambhajinagar opens registration for the sale of 941 flats and 361 plots. The online application process, utilising the Integrated Housing Lottery Management System (IHLMS) 2.0, allows applicants to participate remotely. Lottery draw results will prompt immediate notification letters to winners. Applications began on February 28 and will end on March 27. The draft list of eligible applications will be released on April 4, with objections accepted until April 7. Final eligible application list will be announced on April 12, with draw details to follow. The process emphasises transparency and warns against third-party involvement....
Noida Authority registers 13,000 flats in effort to ease housing crisis
Author : PNT Bureau
The Noida Authority is taking significant strides to address the protracted issue of stalled real estate projects by facilitating the registration of more than 13,000 flats across various developments. With 35 developers committing to settle outstanding dues under Uttar Pradesh's rehabilitation package, aimed at resolving stalled projects, officials emphasize their dedication to prioritizing homebuyers' interests. Initial payments from developers, recalculated to reflect package benefits, are anticipated to exceed INR 500 crore, with 12 developers already settling dues, enabling registration of approximately 1,200 flats. Amidst an estimated INR 44,700 crore in outstanding dues, initiatives including special registration camps aim to expedite processes and alleviate burdens on homebuyers, underscoring efforts to revive the region's real estate sector....
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