Union Minister Shivraj Singh Chouhan highlights importance of digitized land records for urban planning
Author : PNT Bureau
Union Rural Development Minister Shivraj Singh Chouhan emphasized the importance of digitally updated land records for optimizing resources and helping policy-making during the inauguration of an international workshop on modern surveying technologies. He announced the government's push for digitization under the Digital India Land Records Modernization Programme (DILRMP) and highlighted a pilot project, NAKSHA, aimed at creating urban land records in over 100 cities within a year, followed by a nationwide survey in five years. Chouhan noted that aerial photography and GPS technology would enhance land surveys, while Manoj Joshi confirmed the Survey of India as the technical partner for these initiatives....
Enforcement Directorate takes action against Unitech Group for alleged money laundering
Author : PNT Bureau
The Enforcement Directorate (ED) has attached assets valued at INR 335 crore belonging to the Unitech Group and a related company under the Prevention of Money Laundering Act (PMLA). This action follows FIRs filed by the Delhi Police and the CBI, as well as a Supreme Court order for a thorough investigation into alleged money laundering. The Chandra brothers, promoters of Unitech, are accused of illegally diverting INR 7,612 crore from homebuyers and investors. The attached assets include land rights across multiple cities, and the investigation has led to a total of 1,288 domestic and overseas assets worth INR 1,593.36 crore being seized....
Goa: High Court urges swift action to halt illegal constructions
Author : PNT Bureau
The Bombay High Court at Goa has expressed alarm over the rising incidence of illegal constructions, warning that unregulated development threatens the state's natural beauty and residents' quality of life. During a recent hearing, Chief Justice Devendra Kumar Upadhyaya and Justice B P Deshpande called for immediate government intervention, suggesting legislative measures to combat the issue. Advocate General Devidas Pangam acknowledged local authorities' inaction despite multiple circulars aimed at curbing illegal activities. Experts emphasize the need for a sustainable growth plan, urging collaboration among government bodies, communities, and environmental organizations to protect Goa's environment and heritage from unchecked development....
SC supports Unitech Board with police aid to overcome external interference
Author : PNT Bureau
The Supreme Court has empowered the board of directors managing Unitech Ltd, allowing them to seek police assistance against disruptions on the company's properties. This decision supports the board's efforts to address the ongoing issues of over 12,000 homebuyers impacted by the firm's struggles. Initially intervening in January 2020, the court granted the Union Ministry of Corporate Affairs management control of Unitech, appointing retired IAS officer Yudvir Singh Malik to lead recovery efforts. The court's recent ruling enables the board to approach authorities for support, shield them from legal actions, and facilitate commercial decisions to generate revenue. Unitech's situation underscores broader challenges in India's real estate sector, emphasising the need for improved accountability and transparency....
Noida: 6,152 flats remain unregistered as developers struggle with financial obligations
Author : PNT Bureau
The housing industry in Noida faces significant challenges, particularly with unfinished projects and unregistered flats, exemplified by the GH-1 group housing plot in Sector 120. Initially allocated in 2009 to develop 1,530 flats, 290 remain unregistered. This issue extends to 16 other projects, with developers depositing only INR 57.03 crore of the INR 740.87 crore owed, resulting in 6,152 unregistered flats. The Noida Authority has issued final notices to seven non-compliant developers, threatening referral to the Economic Offences Wing (EOW) for recovery. Proactive measures, including a two-year zero-interest period for financial relief, aim to expedite registrations and restore homebuyer confidence....
Land Records department integrates civil court case data for greater transparency in property transactions
Author : PNT Bureau
The land records department has started integrating civil court case data related to land parcels in urban and rural areas onto its website, providing prospective buyers with easy access to the legal status of plots. This ongoing project, which began earlier this year, allows users to check for litigation by entering survey numbers or 7/12 extract details. The National Informatics Centre (NIC) has already linked 2024 cases, with efforts underway to include older cases and improve the system's search functionality. This initiative aims to enhance transparency in property transactions, reduce fraud, and improve the efficiency of the land registration process in India....
SEBI to auction 27 Rose Valley properties to recover funds for defrauded investors
Author : PNT Bureau
The Securities and Exchange Board of India (SEBI) recently announced its upcoming plans to auction 27 properties belonging to the Rose Valley Group. The properties in question include flats, buildings, land parcels, and hotels, located in West Bengal and Bihar. SEBI has issued a notice confirming the auction, which is scheduled for November 25. The auction aims to recover funds for the investors impacted by the Rose Valley Group's fraudulent activities. The total estimated value of the properties is around INR 63.26 crore. This move is part of SEBI's ongoing efforts to resolve financial irregularities and return funds to the affected investors....
Maharashtra Tribunal mandates CIDCO to register land schemes as real estate projects
Author : PNT Bureau
The Maharashtra Real Estate Appellate Tribunal (MREAT) ruled against the City and Industrial Development Corporation (CIDCO) in a case filed by the Maharashtra Chamber of Housing Industry (MCHI), Raigad, concerning CIDCO's land sale practices. The Tribunal determined that CIDCO's land allotment schemes constitute real estate projects under the Real Estate (Regulation and Development) Act of 2016, requiring it to register as a promoter. The ruling reinforces the importance of compliance and transparency in land development practices, mandating that CIDCO adhere to the Act's provisions for current and future projects, ensuring protection for stakeholders and prospective buyers....
FPCE pushes for stronger protection in real estate under the Consumer Protection Act
Author : PNT Bureau
The Forum for People's Collective Efforts (FPCE) has appealed to the Consumer Affairs Ministry for the implementation of specific guidelines to combat unfair practices in the Indian real estate sector and safeguard consumer rights. FPCE President Abhay Upadhyay highlighted the ongoing issues such as misleading advertisements and one-sided contracts that breach the Consumer Protection Act of 2019. He urged that homebuyers receive draft agreements at the time of booking and suggested the inclusion of an exit clause for cancellations. The FPCE noted that current regulations are inadequate, as RERA has failed to fulfil its intended goals, and they requested a meeting with the consumer affairs secretary for further clarification....
Allahabad High Court grants Maharajganj residents time to challenge demolition notices
Author : PNT Bureau
The Allahabad High Court has granted residents of Maharajganj village in Bahraich district, Uttar Pradesh, a 15-day period to respond to demolition notices issued by the Public Works Department (PWD) in the aftermath of recent communal violence. This interim order was made during a hearing of a petition that claimed the notices were illegal. The bench raised concerns regarding the lack of clarity in the notices about construction approvals and provided extra time for the chief standing counsel to collect necessary information....
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