Jaipur's JDA to employ Land Pooling Act for 164-hectare Shivdaspura township
Author : PNT Bureau
The Jaipur Development Authority (JDA) is set to utilize the Land Pooling Scheme Act of 2016 for the first time, acquiring 164 hectares of land for the Shivdaspura township project. This marks a departure from previous land acquisition methods, such as the "land for land" policy introduced in 2018. Under the land pooling scheme, landowners contribute land for urban infrastructure development in exchange for developed parcels with amenities like roads and parks. Meetings with landowners are underway, targeting 166 hectares along Tonk Road for mixed-use development. This aligns with Jaipur's 2025 master plan, prioritizing satellite townships to ease population pressures and emphasizing sustainable urban growth....
Bombay High Court raises concerns over swift slum eviction notices
Author : PNT Bureau
The Bombay High Court has raised concern over the handling of eviction notices by the Slum Rehabilitation Authority (SRA), stressing the need for a more compassionate approach towards slum dwellers' welfare. Amidst concerns over short eviction notices issued after two decades of promises for "permanent alternate accommodation," the court directed the Apex Grievance Redressal Committee to promptly review and potentially stay the eviction orders. The case, concerning slum dwellers near Worli Dairy in Mumbai, reiterated the importance of the Slum Act's welfare intent. The court's rebuke extended to the AGRC's conduct, emphasizing the importance of humanity over monetary concerns in such matters. The intervention underscores the court's commitment to protecting vulnerable communities' rights and well-being....
Kalaignarin Kanavu Illam: DMK's housing scheme takes centre stage in Tamil Nadu's budget
Author : PNT Bureau
Tamil Nadu's DMK government recently unveiled a seven 'grand Tamil dreams' in its 2024–25 budget, highlighting social justice and fiscal prudence. Central to the budget was "Kalaignarin Kanavu Illam," a housing scheme aimed at constructing 0.8 million concrete houses by 2030, with a budget of INR 3,500 crore. Despite revenue constraints, the state plans to reduce its deficit marginally and maintain fiscal discipline. Following the Fifteenth Finance Commission's recommendations, Tamil Nadu will adopt a fiscal consolidation strategy, gradually reducing the deficit. Despite challenges, the state anticipates revenue growth and increased expenditures, with debt projected to remain stable relative to GSDP. Overall, Tamil Nadu's budget underscores its commitment to inclusive growth and citizen well-being....
Uttar Pradesh Government to set up registry camps in Noida every Sunday
Author : PNT Bureau
The Uttar Pradesh State Government, guided by recommendations from a committee led by former Niti Aayog member Amitabh Kant, is streamlining flat registration in projects where developers accept recalculated dues under a rehabilitation plan. Special Sunday camps aim to hasten registration, aiding about 40 projects in Noida and Greater Noida. The deal offers a two-year interest and fine waiver on COVID-related dues upon 25% upfront payment. Officials anticipate a boost in revenue collection, aiming for INR 4,728 crore from Noida alone. However, only 13 of 57 developers have responded positively, prompting a deadline extension. Proactive measures aim to enhance developer participation and revenue, aligning with rehabilitation goals....
Haryana RERA directs banks to supervise withdrawals from RERA accounts
Author : PNT Bureau
Haryana's Real Estate Regulatory Authority (H-Rera) has issued a stern warning to banks in Gurugram against allowing developers to withdraw funds from the regulator's accounts in violation of prescribed norms. In a letter dated Feb 12, H-Rera emphasised non-compliance with the Real Estate (Regulation and Development) Act 2016, where developers must deposit 70% of collected funds into separate accounts for specified project expenses. The authority stressed the importance of banks ensuring compliance and notified developers of potential penalties, including up to 5% of the project's cost, for violations....
Odisha introduces web-based system for transparent allotment of urban housing
Author : PNT Bureau
The Housing and Urban Development Department is launching a web-based House Allotment System (HAS) to ensure transparency in allotting houses to the urban poor. Under Model I of the Housing for All Scheme, private developers must reserve 10% of housing units for Economically Weaker Sections (EWS). The system's standardized procedure outlines eligibility criteria, registration steps, and roles of stakeholders. Beneficiaries register on HAS to apply for EWS house allotment. Development authorities monitor the process, ensuring compliance. With 1,500 EWS housing units in Bhubaneswar set for allocation, the HAS promises a transparent and accountable approach to housing distribution....
Debate intensifies over Allahabad High Court's ruling on Akbarnagar demolition
Author : PNT Bureau
In a recent ruling, the Lucknow bench of the Allahabad High Court addressed a key issue regarding eligibility under the state's slum policy. The court highlighted that those with commercial establishments in slum areas cannot be equated with traditional 'slum dwellers,' sparking debate. The case, focusing on the Akbarnagar demolition, saw the court directing authorities to provide details of slum dwellers filing GST and Income Tax returns. This underscores the court's intent to assess each case individually. The outcome of this legal battle will likely influence future urban development strategies and legal interpretations concerning slum rehabilitation policies....
MHADA greenlights INR 3,000 crore redevelopment of Sion Koliwada, Mumbai
Author : PNT Bureau
The state cabinet approved the redevelopment of 25 buildings in Sion Koliwada, Mumbai, housing Sindhi, Sikh, and Punjabi families displaced during Partition. The redevelopment, costing INR 3,000 crore, will be overseen by MHADA, providing 1,200 families with larger homes free of cost. A high-powered committee will monitor the project, ensuring at least 51% tenant consent. The buildings, erected in the 1950s and '60s for refugees, faced demolition notices from BMC in 2011. The initiative, long overdue, aims to address housing needs and marks MHADA's role as a special planning authority. Residents welcome the decision after years of efforts and displacement....
MahaRERA to introduce on-site property registration for developers with 50+ units
Author : PNT Bureau
Starting April 1, property developers with a minimum of 50 housing units can register properties with MahaRERA at their own offices. Rajagopal Devara, the additional secretary of revenue, shared the Maharashtra state government's target to increase annual stamp duty registration revenue from INR 50,000 crore to INR 75,000 crore within two years. The decision on maintaining or changing ready reckoner rates, which impact stamp duty fees and property values, will be taken following a review. The government has also allowed property registration from any office in Pune and Mumbai, with this facility to be extended to buyers in Kolhapur district as well....
NCLT Delhi rules in favour of Indiabulls Housing Finance in Supertech Realtors dispute
Author : PNT Bureau
The National Company Law Tribunal (NCLT) in New Delhi has issued a verdict on a legal dispute between Supertech Realtors and Indiabulls Housing Finance. The case concerns Supertech Realtors' accusation that Indiabulls Housing Finance improperly deducted INR 6,150 crore from its loan account, exceeding the legitimate amount owed of INR 5,873 crore. Supertech alleges that this financial discrepancy not only breaches their contract but also has broader implications for public interest, potentially affecting their ability to deliver properties to customers. However, Indiabulls Housing Finance presented a Reserve Bank of India (RBI) order characterizing the dispute as a bilateral matter, to be resolved through contractual obligations. The NCLT ruling favoured Indiabulls Housing Finance, highlighting the complexities of corporate disputes, particularly in the real estate sector....
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