DDA introduces online registration for high-income group flats under the Diwali Housing Scheme
Author : PNT Bureau
The Delhi Development Authority (DDA) has initiated registrations for penthouses, super High-Income Group (HIG), and various other flats in its 'Diwali Special Housing Scheme 2023.' Accessible through an e-brochure, the online registration system integrates advanced technology. The scheme offers 14 penthouses, 170 super HIGs, and 946 HIGs in Dwarka's Sector-19 B, along with 316 and 647 Middle-Income Group (MIG) flats in Sector-14 and Lok Nayak Puram. Prospective buyers can register until December 29 for the e-auction, starting on January 5, 2024. The 'first come first serve' (FCFS) registration, open until March 31, has already recorded over 500 applicants, signalling high interest and anticipation....
State cabinet slashes transfer fees by 50% for slum rehabilitation units
Author : PNT Bureau
The state cabinet, in a recent meeting, announced a substantial 50% reduction in the flat transfer fee for slum rehabilitation units, easing the financial burden on buyers. The Slum Rehabilitation Authority (SRA), which provides flats to slum dwellers at no cost, had imposed a Rs 1 lakh transfer fee during flat transactions. This decision aims to facilitate easier access to SRA flats by cutting the transfer fee to Rs 50,000. The move builds on previous reforms, such as reducing the lock-in period for selling slum dwellings from ten to five years in 2020. The initiative aligns with a broader commitment to inclusive housing solutions....
Patna High Court issues urgent directive for swift resolution of Agrani Group's Rs 100 crore scandal
Author : PNT Bureau
The Patna High Court has issued a directive instructing the state's Economic Offence Unit (EOU) to expedite investigations into 61 criminal cases against the Agrani Group. Flat buyers allege the real estate giant unlawfully misappropriated Rs 100 crore intended for flat bookings. The court's order, part of the resolution of a criminal writ application by victims, mandates a swift investigation and allows victims to file pleas before EOU courts overseeing the 61 FIRs. The allegations centre on fund misappropriation for flat bookings, with victims collectively claiming Rs 100 crore in losses, emphasizing the urgency of investigations and the need for a timely resolution....
Navi Mumbai Police launch probe into Rs 1 crore extortion threat targeting builder's family
Author : PNT Bureau
The Navi Mumbai police have initiated legal action by filing an FIR against five individuals accused of coercively demanding Rs 1 crore from a builder in Panvel. The primary aggressor forcefully entered the builder's residence, physically assaulted him, and demanded the sum. Four additional individuals joined in, escalating the threat by issuing ominous warnings, including the potential harm to the builder's son if the demanded amount was not promptly paid. The situation presents a serious threat beyond financial extortion, involving the safety of a family member. The ongoing investigation aims to identify and apprehend the perpetrators while exploring the motives behind this alarming incident....
Homebuyers on edge as Supreme Court weighs fate of Unitech's Noida Housing Projects
Author : PNT Bureau
In Noida, the fate of Unitech housing projects hangs in the balance as thousands of anxious homebuyers await a crucial Supreme Court hearing. The projects, delayed for years due to the company's promoter's legal troubles, are now under a government-appointed board. The Supreme Court had earlier directed the submission of revised layout plans, emphasizing the commencement of construction without upfront payment of dues. The recent court order urged collaboration between Unitech and Noida Authority to resolve issues. Noida Authority, however, insists on clearing the realtor's Rs 10,000 crore dues before approving revised maps....
NGT investigates unauthorized constructions in Mudaliarkuppam, Chennai
Author : PNT Bureau
In Mudaliarkuppam, along Chennai's East Coast Road, unauthorized sea-view villas and apartments have sparked environmental concerns. Following a complaint by Thazuthali kuppam villagers, the National Green Tribunal (NGT) is investigating these constructions which allegedly lack mandatory clearances. State officials confirm some buildings violated planning permissions, while environmentalists warn of potential ecological impacts on local fisheries and erosion patterns. The issue, involving private properties, a church, and a school in restricted zones, highlights the need for stringent adherence to environmental regulations in sensitive coastal areas. The NGT is set to revisit the case next month....
Bombay High Court upholds tenancy rights amidst Malad building demolition
Author : PNT Bureau
The Bombay High Court, in a landmark decision, has assured tenants of the Ismail Baug building in Malad that their tenancy rights will be preserved despite the building's demolition. The court upheld the BMC's demolition notice, citing safety concerns, but emphasized that tenants would be reinstated once the building is reconstructed. The ruling came after a detailed consideration of conflicting structural audit reports and underlines the judiciary's commitment to balancing public safety with the protection of tenants' rights in urban development scenarios....
The Maharashtra Real Estate Appellate Tribunal (MREAT) has modified a 2019 MahaRERA order, directing the promoter, Neelkamal Realtors, of a Mira Road real estate project to pay interest from 2013 on amounts paid by home buyers until possession is granted. The case involved a couple who booked a flat in Orchid Ozone in 2010, and paid 90% without a registered agreement. Although possession was to be given in 2013, the couple hasn’t received it yet. The tribunal found flaws in MahaRERA's order and instructed the promoter to execute a sale agreement promptly upon receiving the occupancy certificate. The judgment highlighted the promoter's breach of payment ceiling and obligations under real estate laws....
Lucknow's Shine Group faces money-laundering charges as woman arrested by ED
Author : PNT Bureau
The Enforcement Directorate (ED) recently apprehended Shashi Bala in connection with a money-laundering probe involving a Lucknow-based company accused of defrauding investors of Rs 800-1,000 crore. Bala, an active associate of the main accused, Rasheed Naseem, in the Shine City fraud, has been taken into custody. Naseem, the primary accused, is currently at large. A special court under the Prevention of Money Laundering Act has remanded Bala to ED custody until November 30. The ED revealed that Bala played a crucial role in assisting Naseem in concealing and laundering the proceeds of the alleged crime. The case involves raids, FIRs, and investigations into the financial misconduct....
Kolkata Mayor expedites building approval for small plots, allows online applications
Author : PNT Bureau
The Mayor of Kolkata, Firhad Hakim, has recently directed the buildings department to collaborate with architects or licensed building surveyors for expedited approval of building plans on plots not exceeding three cottahs. This move aligns with a new regulation allowing citizens to apply for building sanction online for smaller plots, ensuring quick approval within 15 days if the submitted documents adhere to civic regulations. The initiative aims to address delays and simplify the building plan approval process, emphasizing the Kolkata Municipal Corporation's commitment to supporting citizens in construction endeavours on smaller plots....
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