13 Mar 2023

Former Railway Minister Lalu Prasad was questioned by the Central Bureau of Investigation (CBI) last week for nearly two hours in connection with the land-for-jobs scam case. The CBI is investigating allegations that people were given employment in the railways in exchange for land parcels gifted or sold at cheap rates to the Yadav family and its associates. Prasad’s examination comes a day after his wife and former Bihar chief minister, Rabri Devi, was quizzed by the agency for nearly five hours at her Patna residence.Read more

10 Mar 2023

The Kolhapur Municipal Corporation (KMC) in India recently launched a new initiative to clear pending building proposals. On the first day of the initiative, the KMC earned a whopping Rs 1.5 crore from the registration fees alone. The KMC had set up 27 counters to facilitate the submission of proposals and the payment of fees as well as online setups to help those who could not attend the camp physcially. The initiative is part of the civic body's effort to improve the ease of doing business and attract investment to the city.Read more

10 Mar 2023

The Department of Town and Country Planning (DTCP) has reversed a decision it made to revoke the project licence for an affordable housing development in Sector 106 by MRG Skyline. The license was revoked due to a lack of clarity about ownership and inconsistencies in the conversion of KN Infracon's group housing licence into an affordable housing scheme. The developer was also accused of selling its licenced property to another developer as agricultural land. KN Infracon Pvt Ltd has now cleared all dues, upon which the license was reinstated.Read more

10 Mar 2023

The Indore district administration has taken action against three private colonies - Kalindi Gold, Phoenix Township, and Satellite Hills - where developers have been accused of cheating plot owners through various means. The district administration has served a final notice to the developers, including Ritesh alias Champu Ajmera, Chirag Shah, Mohan Chug, Kailash Garg, and Happy Dhawan, demanding that they settle their accounts with the plot owners. According to sources, only a handful of buyers have obtained possession and other rights related to the property they had paid for after the developers were granted bail by the Supreme Court in November 2021.Read more

10 Mar 2023

The Maharashtra Airport Development Company (MADC) recently made headlines by leasing out two plots of land in the Mihan project for the construction of high-end flats. The plots, each measuring 4 acres, were leased out to two city-based builders through an e-tender process, which brought in a total of Rs 43 crore for MADC. Mihan, which stands for Multi-modal International Hub Airport at Nagpur, is a special economic zone (SEZ) developed by the Maharashtra government. Located near the Nagpur airport, it has been developed to promote trade, commerce, and industrial activities.Read more

09 Mar 2023

An Indore-based builder has been arrested under the National Security Act (NSA) for allegedly cheating homebuyers and failing to deliver the flats as promised. The builder, identified as Rajesh Mehar, was arrested on the orders of the district collector after several complaints were filed against him by homebuyers. The NSA (National Security Act) is a law under the Indian Penal Code that allows the government to detain an individual without trial for up to 12 months if it believes that the individual's actions pose a threat to the national security of the country or to public order.Read more

09 Mar 2023

The Chief Minister of Uttar Pradesh, Yogi Adityanath, recently met with a group of Noida homebuyers who had been facing various issues related to their properties such as delayed possession, lack of basic amenities, and discrepancies in the construction of their properties. During the meeting, the Chief Minister took note of the issues raised by the homebuyers and promised to take swift action to resolve them. He directed the concerned authorities to conduct a thorough investigation into the matter and take strict action against those responsible for the delays and discrepancies.Read more

09 Mar 2023

The residents of Mayfield Garden, a residential colony in Gurugram Haryana, have threatened to boycott the upcoming civic body elections unless the colony is handed over to the MCG. The residents have stated that they are fed up with the poor condition of the colony's roads, parks, and other facilities, which they blame on the current private maintenance agency that oversees these areas. The private agency enlisted by the builder has refused to hand over the contract to MCG, citing lack of clarity regarding the ownership of the colony's assets.Read more

08 Mar 2023

Columbia Pacific Communities (CPC) and Embassy Group have launched Serene Amara, a senior living community in India. The project, located in the integrated township Embassy Springs, will consist of 239 residences on 17 floors with features and amenities designed for comfortable and healthy living. Units are available in 1, 2, and 3-BHK configurations and are priced between Rs 60 lakhs and Rs 1.48 crore, exclusive of statutory charges. The project will be built by Embassy Group and designed by Venkataramanan Associates. Columbia Pacific will manage the project.Read more

07 Mar 2023

The Yamuna Expressway Industrial Development Authority (YEIDA) has invalidated the allotment of two plots in Supertech’s Up Country township in Sector 17A of Greater Noida due to non-payment of Rs 86 crore in lease rent and additional compensation to farmers. This decision came after homebuyers lodged complaints that, despite collecting lease rent and additional compensation from them, the realty firm had failed to complete the registration of their homes. Supertech challenged the decision, claiming it was illegal due to the insolvency proceedings initiated against them in March 2022 after defaulting on Rs 431 crore in payments to a consortium of banks.Read more