15 Jan 2025

The Greater Mohali Area Development Authority (GMADA) has issued notices to 15-20 under-construction buildings in New Chandigarh's Mullanpur, Siswan, Kubaheri, and Majra villages, targeting illegal constructions lacking necessary approvals. Residents had raised concerns about unchecked building activities, prompting GMADA's action. The affected structures, already halfway completed, highlight regulatory delays and potential financial losses from evaded taxes and fees. GMADA warns of demolitions if clearances aren't provided and plans stricter monitoring, inspections, and public awareness campaigns to curb illegal construction. These efforts aim to address the broader challenge of unregulated urban development and ensure sustainable growth in New Chandigarh.Read more

15 Jan 2025

Delhi Police's Economic Offences Wing arrested two individuals for separate financial frauds totaling INR 5.9 crore. Rahul Kumar, director of a private firm, allegedly duped 18 investors out of INR 3.2 crore by promising 20-30% monthly returns on a fake project in Khurja, Uttar Pradesh. When investors sought refunds, Kumar issued cheques that bounced. In a separate case, Chandra Shekhar Saxena, CMD of another firm, defrauded an NBFC of INR 2.7 crore by using a fictitious commercial unit in a Gurgaon mall as collateral. Both cases highlight rising financial frauds and underscore the need for tighter regulations and public vigilance in financial transactions.Read more

15 Jan 2025

Karnataka has proposed draft regulations to amend Bengaluru's Revised Master Plan-2015, enabling developers to purchase additional Floor Area Ratio (FAR) based on road widths. For roads over 30 feet wide, premium FAR ranges from 20% to 60%, priced at a minimum of 28% of the guidance value. This initiative follows the withdrawal of the Karnataka Town and Country Planning (Amendment) Bill-2023, bypassing legislative approval. While developers anticipate economic benefits, critics worry about potential overcrowding and infrastructure strain. A 30-day public feedback window is open to address these concerns. The proposal marks a pivotal moment in Bengaluru's urban planning evolution.Read more

15 Jan 2025

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has fined Ansal Properties INR 14.41 crore for executing 329 sale deeds in unregistered areas of Sushant Golf City, Lucknow, violating Section 3 of the RERA Act. Despite multiple notices and hearings, Ansal Properties failed to provide satisfactory responses. The penalty, calculated at 10% of the sales' estimated cost, must be paid within 30 days. Concurrently, UP-RERA has launched mandatory training for real estate agents to enhance compliance and ethical standards. This dual approach reflects UP-RERA's commitment to ensuring accountability, protecting buyers, and fostering professionalism in Uttar Pradesh's real estate market.Read more

15 Jan 2025

The Bruhat Bengaluru Mahanagara Palike (BBMP) has revised A-khata issuance rules following an amendment to Section 17 of the Karnataka Town and Country Planning Act, 1961. Individual plots now require planning authority approval to qualify for A-khatas, replacing the earlier system under the Karnataka Land Revenue Act, 1964. The BBMP will also mandate compliance for subdivision or unit-specific A-khatas. This regulatory shift aims to streamline urban planning, prevent unauthorized land use, and promote sustainable development in Bengaluru. Property owners must secure necessary approvals to avoid legal complications, marking a critical step toward better-organized and compliant urban growth.Read more

15 Jan 2025

The Patiala Development Authority (PDA) has intensified its efforts to curb unauthorized colonies, recently demolishing illegal developments in Seona and Balbehra villages under the Punjab Apartment and Property Regulation Act, 1995. Led by Chief Administrator Manisha Rana and Additional Chief Administrator Jashanpreet Kaur Gill, the PDA aims to protect public investments and ensure legal compliance in urban planning. Developers of illegal colonies face strict action, including FIRs if they fail to comply with notices. The PDA plans to launch public awareness campaigns on property regulations, emphasizing safe investments and sustainable growth, setting a benchmark for regulated urban development in Punjab.Read more

14 Jan 2025

MHADA has launched an amnesty program to assist 80 housing societies in obtaining delayed occupancy certificates (OCs) for renovated structures. The initiative waives interest on outstanding premium differential amounts, requiring societies to pay only the principal, while offering a 75% penalty concession for unauthorized constructions under 1991 DC regulations. Additionally, MHADA reformed its policy to align property taxes and maintenance fees with possession dates, relieving residents of premature financial burdens. Running until April 10, 2025, the program aims to expedite redevelopment and OC issuance, offering significant financial and procedural relief to societies across Maharashtra.Read more

14 Jan 2025

Madurai's transformation into a modern urban hub takes a leap forward with the Tamil Nadu government's approval to expand the city's corporation limits. The integration of 16 village panchayats and one town panchayat will increase Madurai's area from 147.99 sq km to 237.99 sq km and its population from 18.5 lakh to nearly 20 lakh. Key areas like Othakadai, Perungudi, and Chettikulam, driven by IT parks and infrastructure projects, will benefit from improved civic amenities and streamlined governance. The expansion aligns Madurai's historical legacy with contemporary development, setting the stage for enhanced economic opportunities and urban growth.Read more

14 Jan 2025

The Telangana Real Estate Regulatory Authority (TG RERA) fined a Hyderabad-based builder INR 8.3 lakh for accepting booking amounts before obtaining RERA registration. This ruling follows complaints by two buyers who paid INR 4 lakh in 2020 for flats in Jai Vasavi's Bliss Heights project. The flats were not delivered even after three and a half years due to a lack of construction permissions. TG RERA also directed the builder to refund the withheld INR 2 lakh to the buyers within 30 days. The case underscores TG RERA's commitment to protecting buyers and enforcing compliance under the Real Estate (Regulation and Development) Act.Read more

14 Jan 2025

A group of farmers from Noida met Uttar Pradesh Chief Minister Yogi Adityanath earlier this month in Lucknow to discuss their demands for higher compensation and the allocation of developed residential plots. The meeting followed a series of protests, including a march towards Delhi in December, which led to traffic disruptions and several detentions. The farmers are seeking the implementation of the 2013 Land Acquisition Act and 10% developed plots. The state government has formed a high-level committee to address these concerns, and the CM assured the farmers that a new policy will be introduced soon.Read more