Pune: MPCB issues show-cause notice to Cybage Software for environmental violations
Author : PNT Bureau
The Maharashtra Pollution Control Board (MPCB) has issued a show-cause notice to Cybage Software for alleged environmental violations during the construction of its new building in Kalyaninagar, Pune. The notice, prompted by resident complaints, cites excessive noise levels and improper water discharge. MPCB officials also observed expired blasting permissions and inadequate soundproofing measures. Residents of the nearby Kumar Kruti Housing Society reported noise and dust disturbances, with some considering relocation due to health concerns. Cybage, maintaining that it holds all necessary clearances, must respond within seven days or face potential penalties. This case highlights the need for stricter environmental compliance in urban developments....
Karnataka High Court upholds BDA's authority to reject auction bids without explanation
Author : PNT Bureau
The Karnataka High Court upheld the Bangalore Development Authority's (BDA) authority to accept or reject bids in site auctions without providing reasons. A division bench overturned a single-judge ruling that had ordered the BDA to accept a bid from Sachin Nagarajappa. The court affirmed that under the BDA (Disposal of Corner Sites and Commercial Sites) Rules, 1984, the BDA is not obligated to explain bid rejections, provided they serve the public interest and aim for the highest price. As no evidence of fraud or misconduct was found, the court supported the BDA's discretion. This ruling reinforces the BDA's operational autonomy and sets a precedent for future public property auctions....
Allahabad High Court halts Noida Authority's rejection of land development in Sector 161
Author : PNT Bureau
The Allahabad High Court has stayed the Noida Authority's denial of construction permits to Satya Homes Pvt Ltd and others, instructing the Authority to reconsider the applications following proper legal procedures. The court highlighted that blanket restrictions without valid justification were not permissible. A fresh site inspection is to be conducted in November, with a report due by mid-November, allowing affected parties to raise objections before the next hearing scheduled for December....
A Delhi court has upheld a lookout circular (LOC) against Geetamber Anand and his wife Poonam, promoters of ATS Infrastructure Limited, following multiple FIRs alleging fraud against homebuyers and money laundering. The judge noted that while the couple had cooperated with the investigation, the LOC serves to prevent any obstruction of justice. He also emphasised the necessity of informing accused individuals of reasons behind travel restrictions....
H-RERA issues arrest warrants against 20 developers amid compensation delays
Author : PNT Bureau
The Haryana Real Estate Regulatory Authority (H-RERA) has issued 207 arrest warrants against 20 developers for failing to compensate homebuyers affected by delays in flat deliveries. Despite these orders, police have not enforced them, prompting H-RERA to approach the Punjab and Haryana High Court. Contempt proceedings are now underway in three cases against police due to this inaction. H-RERA's adjudicating officer, Rajender Kumar, emphasized the impact on thousands of homebuyers, while affected residents expressed frustration over the system's ineffectiveness in holding developers accountable. DCP Arpit Jain acknowledged the issue, stating that action would follow if court notices are received. H-RERA's appeal to the high court highlights the need for stronger regulatory enforcement to ensure justice for homebuyers and uphold faith in the real estate sector's regulatory framework....
Bombay High Court ruling clears Pune Buildtech of 'wilful defaulter' status
Author : PNT Bureau
The Bombay High Court has invalidated the Bank of India's designation of Pune Buildtech Pvt Ltd as 'fraud' and its related blacklisting, which restricted the firm's credit access. Additionally, the court ordered the bank to remove Pune Buildtech from its 'wilful defaulter' list and retract any reports sent to Credit Information Companies. This decision followed the firm's full settlement of INR 703.35 crore with the bank in June 2024, after which the bank issued a 'No Dues Certificate.' Despite this, the bank maintained the 'fraud' label, prompting the court to emphasize the importance of honoring consent terms, particularly after a one-time settlement (OTS) was reached. This ruling clears Pune Buildtech's path to restore its reputation and reaccess credit, highlighting the critical role of transparency and adherence to agreements in banking....
SC issues notices to authorities over plea on unauthorised river encroachments
Author : PNT Bureau
The Supreme Court has requested responses from the central government and key authorities on a plea challenging unauthorized constructions on riverbeds, floodplains, and catchment areas. Led by Chief Justice D Y Chandrachud, a bench issued notices to various ministries and agencies, with a three-week deadline for replies. Filed by former IPS officer Dr. Ashok Kumar Raghav, the plea calls for demolishing illegal constructions and implementing the 2015 draft River Conservation Zone (RCZ) Regulation to protect river ecosystems. Representing the petitioner, Advocate Akash Vashishtha emphasized the environmental risks of floodplain encroachment. With India facing a water crisis, as highlighted by Niti Aayog, the plea seeks legal protections for rivers to secure water and ecological stability. The court's involvement underscores the urgent need for sustainable water management....
PMAY-U 2.0's single subsidy rule may impact resale market for affordable housing
Author : PNT Bureau
The new Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0) has introduced a significant change in the interest subsidy structure for affordable housing, limiting the subsidy to a single claim per property. This restriction could deter potential buyers from purchasing homes that have already availed of the subsidy, leading to a decline in resale activity. Primary lending institutions (PLIs) are mandated to ensure that previous owners do not benefit from the subsidy, creating additional challenges in the resale market....
Goa revamps land rates to boost revenue and attract investment
Author : PNT Bureau
The Goa revenue department has announced plans to revise land rates after a four-year interval, aiming to capitalise on the growing interest from high-net-worth individuals. A committee has been established to analyse and recommend updated base rates for various land categories, while ensuring ease of business in the registration process. Following a significant increase in property rates in coastal talukas, this initiative seeks to enhance government revenue and streamline property transactions....
The Ghaziabad Development Authority (GDA) has announced a plan to develop a land parcel under the long-shelved Indirapuram Extension scheme, allocating INR 5 crore for essential infrastructure like roads, parks, and a sewer network. Covering 30,000 square metres, the project will feature 47 residential and three commercial plots, set to be auctioned within a year. GDA officials project revenue of over INR 285 crore, with residential plots priced at INR 95,000 per square metre and commercial parcels at INR 1.15 lakh. The initiative comes after years of delays caused by farmer protests and legal challenges over land compensation....
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