Delhi government launches 'Anywhere Registration' for property, offering residents greater flexibility
Author : PNT Bureau
The Delhi government has launched the 'Anywhere Registration' policy, allowing residents to register property at any sub-registrar office in the city, enhancing convenience and streamlining the registration process. Announced by Chief Minister Atishi, this initiative enables online appointments at 22 offices, reducing congestion and improving efficiency. It also aims to increase transparency by empowering citizens and decreasing reliance on intermediaries. The policy will help the government monitor application flow and address issues in the registration process. This initiative is part of a broader effort to digitise public services, making property transactions smoother for residents in Delhi....
CM Stalin inaugurates 3,268 new tenements, boosting affordable housing across Tamil Nadu
Author : PNT Bureau
On November 29, Chief Minister M.K. Stalin virtually inaugurated 3,268 new tenements built by the Tamil Nadu Urban Habitat Development Board, costing INR 426 crore, to address the housing shortage in urban areas. These tenements are located in Chennai, Coimbatore, Erode, Kanyakumari, Thanjavur, and Trichy, providing affordable housing for low- and middle-income families. Stalin also launched six new CMDA projects worth INR 98 crore to rejuvenate lakes and enhance public spaces. Additionally, INR 156 crore was invested in new buildings for educational institutions, reflecting the Tamil Nadu government's commitment to urban development, infrastructure, and improved quality of life....
West Bengal prioritizes housing and farmer relief in new state-funded welfare initiatives
Author : PNT Bureau
West Bengal Chief Minister Mamata Banerjee has announced plans to construct homes for individuals excluded from the Centre's Awas Yojana, emphasizing the state's commitment to addressing housing needs without relying on central government funding. A survey is underway to identify those needing assistance, ensuring that the housing project meets community needs. Additionally, over 900,000 farmers impacted by recent natural disasters will receive compensation as part of the government's relief strategy. This dual focus on housing and agricultural support reflects the state's dedication to vulnerable populations, aiming to foster stability and security amid ongoing tensions with central authorities....
Municipal Corporation of Gurugram seals unauthorised floor in Gurugram's Sector 52
Author : PNT Bureau
The Municipal Corporation of Gurugram (MCG) recently sealed an unauthorised fourth floor in Sector 52, following a complaint from a resident who reported the illegal construction. This action underscores MCG's commitment to upholding building regulations, as only three floors were originally sanctioned. Commissioner Narhari Singh Banger directed enforcement action, including penalties for unauthorised debris dumping nearby. MCG has ramped up efforts to tackle construction violations, waste management, and sewer issues, offering swift complaint resolutions through citywide camps and an online portal. This proactive approach highlights MCG's dedication to safe urban development and encourages community engagement in municipal governance....
Karnataka High Court clarifies approval authority for industrial projects
Author : PNT Bureau
The Karnataka High Court has ruled that only the Karnataka Industrial Area Development Board (KIADB) and the Karnataka State Small Industries Development Corporation Ltd. (KSSIDC) can grant approvals for building plans and occupancy certificates in industrial areas. This ruling arose from a case involving Y Venkatesh, whose restaurant faced demolition after obtaining approval from an unauthorised local body. The court's decision reinforces a previous government notification, clarifying jurisdiction and reducing the risk of legal disputes. Venkatesh must resubmit his plans to KIADB for compliance evaluation, emphasising the need for adherence to established regulations in Karnataka's industrial development....
Goa raises minimum land prices in Tiswadi, Salcete and Mormugao
Author : PNT Bureau
The Government of Goa plans to increase minimum land prices in key talukas-Tiswadi, Mormugao, and Salcete-to promote balanced development and generate revenue for public projects. Chief Minister Pramod Sawant announced that Tiswadi's prices will range from INR 500 to INR 5,000 per square metre, Salcete from INR 800 to INR 11,000, and Mormugao from INR 420 to INR 4,200. While these hikes aim to regulate land usage amid rising demand, typical home buyers purchasing around 500 square metres will be minimally affected. The government seeks to enhance equity in real estate investment across Goa, but experts caution about potential affordability issues for locals....
SEBI proposes new rules for SM REITs to standardise disclosures and simplify public issue process
Author : PNT Bureau
The Securities and Exchange Board of India (SEBI) is proposing new rules to improve the business environment for Small and Medium Real Estate Investment Trusts (SM REITs). Introduced in March 2024, SM REITs aim to attract smaller investors with lower asset requirements. SEBI's initiative includes standardising disclosures and simplifying the public issue process, enhancing transparency through a two-part disclosure structure: Key Information of the Trust (KIT) and Key Information of the Scheme (KIS). Additionally, SEBI proposes capping general purpose allocations at 10% of raised funds. Public feedback on these reforms is invited until November 13, aiming to bolster investor confidence in India's real estate market....
Bengaluru: BBMP launches city-wide survey to curb violations in under-construction buildings
Author : PNT Bureau
The Bruhat Bengaluru Mahanagara Palike (BBMP) initiated a citywide survey of under-construction buildings last week, in response to a recent tragic incident in Babusapalya that claimed nine lives. Under the direction of Deputy Chief Minister D. K. Shivakumar, BBMP chief commissioner Tushar Giri Nath announced that if any illegal constructions or violations of sanctioned plans are found, work will be halted, and demolition orders will be issued. The BBMP aims to ensure the safety of buildings by inspecting for violations, substandard materials, and encroachments on protected land, with property owners bearing the cost of any necessary demolition....
Indore Municipal Corporation focuses on affordable housing under PMAY
Author : PNT Bureau
The Indore Municipal Corporation has received approximately 8.5 hectares of land for affordable housing construction under the Pradhan Mantri Awas Yojana (PMAY) 2.0. IMC Commissioner Shivam Verma noted the government's target to complete these projects by 2029. Collector Asheesh Singh has allocated land in Limbodagari and Palakhedi for this purpose. The initiative aims to address housing shortages and includes a provision for renting flats at affordable rates, catering to residents unable to purchase. The corporation is committed to delivering quality homes within the five-year timeframe....
Local bodies to take charge of MUDA-approved layouts in Mysuru
Author : PNT Bureau
Mysuru Development Authority (MUDA) has decided to transfer the maintenance of all its developed and approved layouts to local government bodies, including urban and rural councils. MUDA chairman G Lakshmikantha Reddy confirmed this decision during a recent meeting, emphasising that these bodies will now manage the layouts instead of MUDA. This shift follows a previous move by former Deputy Commissioner KV Rajendra, who decentralised khata issuing authority to local entities. Local bodies will also have the power to collect property and other taxes, enabling them to provide essential amenities effectively....
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