Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
11 Apr 2025
The National Green Tribunal (NGT) has directed the Greater Noida Industrial Development Authority (GNIDA) to take action against ongoing illegal constructions in violation of environmental norms. The order follows a petition alleging that numerous houses, shops, and commercial establishments were being built without the necessary green clearances in Greater Noida and Noida. Despite previous directives in December 2024 to halt such projects, illegal constructions continued. The NGT has asked GNIDA to identify these projects and enforce appropriate action, with a comprehensive report to be filed by the authorities.
11 Apr 2025
The Brihanmumbai Municipal Corporation (BMC) plans to issue a fresh eviction notice to 675 tenants of Century Mills in Worli, asking them to vacate within 15 days. This follows claims from tenants that they never received the original notice sent in February 2025. The move is linked to a redevelopment plan for the INR 660 crore plot, leased to Century Textiles and Industries Ltd. in 2005. There remains no clarity on tenant rehabilitation, despite past legal disputes and a 2022 Bombay High Court ruling supporting BMC's stand.
11 Apr 2025
The Karnataka Real Estate Regulatory Authority (KRERA) has clarified that real estate projects that applied for an Occupancy Certificate (OC) before the Real Estate (Regulation and Development) Act (RERA) was implemented in the state are not required to register under KRERA. This decision emerged from a case involving the Hamilton Homes project by SJR Prime Corporation in Bengaluru's Electronic City. Despite homebuyers' complaints about incomplete flats and missing infrastructure, KRERA referenced a Karnataka High Court ruling stating that projects with OC or partial OC applications submitted before RERA's enforcement are exempt from registration. Consequently, KRERA dismissed the homebuyers' complaint, affirming that such projects are not obligated to register under the Act.
11 Apr 2025
The Maharashtra government has inaugurated new land survey centres in Nagpur and Kamptee to streamline property-related services and reduce public inconvenience. These centres will provide mutation, demarcation, and measurement services under one roof, all at government-prescribed rates. Equipped with trained staff and digital tools, the facilities aim to enhance transparency and efficiency in land management. Citizens are expected to benefit from faster processing and fewer procedural hurdles. This initiative is part of the broader digitisation of land records and public service delivery.
11 Apr 2025
Over 70 years after Partition, Sindhi families who migrated from West Pakistan to Maharashtra are set to receive long-awaited ownership rights to the lands they settled on. The state cabinet has approved a special one-year amnesty scheme to regularize land leases in 30 designated areas (excluding Ulhasnagar). The scheme grants freehold status at a concessional rate, benefiting an estimated five lakh people. Residential properties up to 1,500 sq ft will be charged a 5% premium of the Ready Reckoner Rate (RRR), while commercial properties will pay 10%. For larger properties, the rate will double. Revenue Minister Chandrashekhar Bawankule said the scheme may be extended if needed.Read more
Advertisement
11 Apr 2025
CREDAI-MCHI and the Practising Engineers, Architects, and Town Planners Association (PEATA) have urged Maharashtra Deputy Chief Minister Shri Eknath Shinde to reinstate online access to critical property and layout databases that recently went offline. These digital tools-previously available on the MHADA and district collector's websites-were essential for architects, developers, and citizens in verifying details and streamlining construction approvals. The sudden blackout has disrupted operations, forcing users to rely on time-consuming manual processes and outdated records, significantly affecting transparency and project timelines across Mumbai.Read more
11 Apr 2025
The Supreme Court dismissed a special leave petition filed by the Airports Authority of India (AAI) against a Bombay High Court judgment that permitted increased building heights in a slum rehabilitation project in Chembur, Mumbai. The High Court had directed AAI to issue a No Objection Certificate (NOC) for the height clearance after an appellate committee had already approved the plan. AAI argued it would face hardships without reversing the HC verdict, but the apex court refused to interfere. The project involves 30 towers, including rehabilitation and free-sale buildings, developed under a joint venture.Read more
11 Apr 2025
In a push to accelerate slum redevelopment across Maharashtra, the state cabinet approved key amendments to the Maharashtra Slum Area (Reform, Elimination and Rehabilitation) Act, 1971. The revisions shorten the timeline for submitting redevelopment proposals, empower authorities to reassign projects if deadlines are missed, and streamline land leasing for joint ventures in the Mumbai Metropolitan Region (MMR). New provisions will also address non-participation by slum dwellers and delayed rent payments by developers. These amendments aim to fast-track the state's goal of becoming slum-free while ensuring better enforcement and accountability in rehabilitation schemes.Read more
10 Apr 2025
The Karnataka Home Buyers Forum (KHBF) has called on the Reserve Bank of India (RBI) to investigate complaints against nationalised and private banks, accusing them of failing to protect homebuyers' interests. Issues include banks not verifying project titles, releasing full payments to promoters without proper checks, and not enforcing compliance with RERA regulations. The KHBF also highlighted that some banks are sanctioning loans without validating essential documents like the Occupancy Certificate or ensuring proper title transfer to residents' associations. The forum has urged the RBI to issue guidelines to prevent such irregularities.
10 Apr 2025
The Telangana Real Estate Regulatory Authority (RERA) has ordered the refund of payments to buyers affected by significant delays in a residential project in Gopanpally. The developer failed to meet construction deadlines, prompting multiple complaints. After reviewing the case, RERA directed the builder to return the buyers' investments along with applicable interest. This decision reinforces RERA's commitment to safeguarding homebuyer rights and enforcing accountability in the real estate sector. It also sets a precedent for timely project completion across Telangana's housing market.
Advertisement
