UP-RERA implements stringent guidelines on real estate project bank accounts
Author : PNT Bureau
In a bid to safeguard consumer interests and enforce strict compliance with the RERA Act, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has issued comprehensive directives concerning real estate project bank accounts. The guidelines explicitly prohibit promoters from creating liens on project-specific accounts and extracting interest, penalties, or assured returns from these accounts. Promoters must maintain a collection account for allottee payments, ensuring transparency. The regulations also mandate the disclosure of three bank accounts during the project's registration application, and strict control mechanisms aim to ensure timely project completion and enhance transparency in project fund management....
Maharashtra's land mapping takes a leap with drone survey covering 12,084 villages
Author : PNT Bureau
The Maharashtra settlement commissioner's office has successfully concluded an extensive drone survey covering 12,084 villages. As part of this initiative, details of residential land parcels, totalling 18.66 lakh property cards, have been uploaded on the revenue department's official website. This drone survey, initiated three years ago, has covered nearly 37,000 villages, with plans to complete the remaining 50 lakh property cards for the remaining villages by 2025. The integration of drone technology has revolutionized the surveying process, enabling precise demarcation of boundaries for various properties, including rural, private, government, and semi-government lands, and mapping of roads and canals....
Ludhiana Municipal Corporation demolishes unauthorized colonies in crackdown
Author : PNT Bureau
In Ludhiana, the municipal corporation demolished two unauthorized colonies and labour quarters, aiming to curb illegal constructions under MC zone C. Despite prior actions, renewed construction prompted this recent crackdown. Officials stressed obtaining approved building plans before commencing construction and warned of strict penalties for illegal activities. The persistent challenge of unauthorized structures necessitates a multifaceted approach, including community awareness, stringent penalties, expedited approvals, and improved monitoring. Collaborative efforts between authorities and residents are vital to mitigate this issue and ensure planned urban development and citizen safety....
Central Government alters rules, permits non-processing area demarcation in IT SEZs
Author : PNT Bureau
The Ministry of Commerce and Industry has introduced amendments to the Special Economic Zones (SEZ) Rules-2006, allowing for the delineation of specific portions of the built-up area within an SEZ unit on a floor-by-floor basis, designating them as non-processing or non-SEZ areas. This amendment is specifically applicable to developers of Information Technology or Information Technology-enabled services SEZs, allowing them to request the demarcation of a portion of the built-up area as a non-processing area. However, certain conditions apply, including the prohibition of partial floor demarcation, and the processing area must not fall below 50% of the total area for category A, B, or C cities. This amendment aims to enhance leasing prospects and boost the attractiveness of the Indian commercial space for investors....
Kerala Cabinet sanctions regulations to simplify land transfers within industrial estates
Author : PNT Bureau
The Kerala Cabinet's recent approval of new regulations for industrial estate land ownership marks a pivotal step towards easing bureaucratic hurdles and simplifying title deed processes. These amendments, eliminating wait times and allowing modifications in ownership structures, respond to longstanding demands aimed at streamlining land transfers and facilitating smoother industrial ventures within the state. The changes reflect a proactive approach to aligning bureaucratic procedures with entrepreneurs' needs, potentially transforming the landscape of industrial ventures in Kerala....
Greater Noida initiates comprehensive land audit and door-to-door survey for village development
Author : PNT Bureau
Greater Noida has started a comprehensive land audit and door-to-door survey for its villages. The Greater Noida Industrial Development Authority (GNIDA) is engaging a consultant agency to conduct surveys utilizing aerial drone technology. The agency's year-long contract involves compiling data, executing door-to-door surveys, and digitizing land boundaries. This meticulous initiative aims to update land records, identify discrepancies, and ensure precision in land usage. It demonstrates a commitment to transparent and accurate records, benefiting urban planning and future development in the region....
Jharkhand Housing Board issues notices to 500 allottees for misuse of leased plots
Author : PNT Bureau
The Jharkhand State Housing Board (JSHB) has taken a decisive stance against the misuse of residential plots, announcing its intent to initiate legal proceedings against allottees who have transformed their residential plots into commercial establishments. Notices have been issued to over 500 identified defaulters who engaged in such violations, particularly in cities like Ranchi, Hazaribag, Jamshedpur, and Dhanbad. The violations involve the conversion of residential plots into commercial ventures, with areas like Harmu and Ashok Nagar in Ranchi being notable hotspots. The board is also actively conducting surveys to identify and reclaim encroached areas, demonstrating its commitment to restoring the intended use of residential plots....
Supreme Court orders Bihar Government to halt construction near Ganga
Author : PNT Bureau
The Supreme Court has directed the Bihar government to immediately halt further construction activities in the vicinity of the Ganga River, particularly in and around Patna. The court has instructed the state government to submit an affidavit detailing the removal of identified illegal structures on the floodplains of the Ganga River in Patna. The plea, filed by a Patna resident, raised concerns about illegal encroachments and constructions on the ecologically sensitive Ganga floodplains, highlighting environmental degradation, threats to residents, obstruction of the river's natural course, and adverse impacts on biodiversity. The court's directive underscores the importance of environmental conservation and compliance with regulations to protect vital ecosystems....
DTCP seals six houses in Sushant Lok 2 in Gurugram for conducting illegal commercial activities
Author : PNT Bureau
The Department of Town and Country Planning (DTCP) in Haryana has sealed six houses in Sushant Lok 2 for illegal commercial activities, part of a broader crackdown on unauthorized businesses in residential areas. This initiative, ongoing since October, has resulted in around 500 properties being sealed and more than 750 violators receiving notices for breaching occupation certificate (OC) rules. The department's rigorous enforcement, exemplified by recent actions in Sushant Lok 2 and DLF 1, highlights a commitment to upholding building norms, discouraging violations, and maintaining the integrity of residential neighbourhoods in Haryana....
KMC introduces fast-track construction approvals for small plots from January 2024
Author : PNT Bureau
Starting in January, the Kolkata Municipal Corporation (KMC) will introduce a streamlined process allowing owners of small plots to commence house construction within a week of submitting building plans. This departure from the previous bureaucratic approach enables plot owners with small plots, not exceeding seven cottahs, to have their plans sanctioned by engaging an architect or licensed building surveyor (LBS) without direct intervention from KMC buildings department officials. The initiative, designed to expedite approvals and enhance transparency, involves online plan submissions, swift sanctions, and subsequent inspections to ensure adherence to the approved plans....
This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Prop News Time reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Prop News Time for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Prop News Time will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 (“RERA”) and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Prop News Time accepts no responsibility for keeping the information on this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Prop News Time does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention of third-party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Prop News Time accepts no responsibility for the content, reliability and information provided on these third-party websites. Prop News Time will not be held liable for any personal information or data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Prop News Time is not liable for the same. All details in the form of news stories, photos and videos provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. This Site is for guidance only. Your use of this Site – including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional–client relationship between you and Prop News Time. Prop News Time cannot accept you as a client until certain formalities and requirements are met.
Cookie Disclaimer
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy
