02 Jan 2025

The Maharashtra state registration department is intensifying efforts to promote its online property registration system for first-sale properties conducted from developers' offices. Launched two years ago, the initiative aims to streamline the registration process and reduce footfall at registration offices. So far, 300 developers have participated, with over 7,000 property documents registered in the past year. To boost adoption, the department has provided training to over 500 developers and expects another 300 to join soon. Despite fluctuating registration numbers, high-value transactions ensured monthly revenue stayed robust, contributing significantly to the annual revenue target.Read more

02 Jan 2025

MahaRERA has instructed Lokhandwala-Kataria Construction, the promoter of the Minerva project in Lower Parel, to compensate a homebuyer for delayed possession of two flats. The interest, calculated from January 2022 until possession with an Occupation Certificate (OC), will be at SBI's Marginal Cost Lending Rate (MCLR) plus 26 basis points. Additionally, the promoter must release the mortgage on the flats before handing over possession. The complaint highlighted discrepancies in project disclosures and significant delays beyond the promised possession date of December 2020. MahaRERA dismissed the promoter's allegations of fraudulent agreements as baseless and upheld the validity of the agreements for sale, delivering a significant verdict in favour of the homebuyer.Read more

02 Jan 2025

Delhi's Lieutenant Governor, VK Saxena, has instructed the Delhi Development Authority (DDA) to extend the single-window special camps for the PM-UDAY scheme until March 2025. The camps, which were held on weekends from November 30 to December 29, successfully attracted over 19,000 applicants, issuing conveyance deeds and registering properties. Saxena, who had been closely monitoring the progress of the Pradhan Mantri - Unauthorised Colonies in Delhi Awas Adhikar Yojana (PM-UDAY), had previously highlighted bureaucratic hurdles and accessibility issues. This initiative aims to address these challenges and ensure better engagement with citizens.Read more

02 Jan 2025

The Odisha Real Estate Regulatory Authority (ORERA) has ordered a builder to halt further bookings for a mega housing-cum-commercial project in Phulnakhara, Bhubaneswar, due to repeated violations of its registration conditions. The authority also directed the builder to stop collecting additional funds, obtain occupancy certificates for completed units, and register the sale deeds for already-sold units. The builder, who initially received ORERA approval in 2019 and 2021 for 1,626 residential and 571 commercial units, revised the building plan in 2024, increasing the total units but failing to meet compliance requirements. ORERA stated that if the builder does not adhere to the given conditions, its registration will be revoked.Read more

02 Jan 2025

The Kanpur Development Authority (KDA) has exposed a land fraud case involving 4.5788 hectares of land valued at INR 1.69 billion in Panki Gangeganj. A land audit revealed unauthorized occupation and fraudulent mutations created in collusion with tehsil employees. The KDA has formed a special team, led by OSD Ravi Pratap Singh, to investigate and reclaim the land. Legal action is being initiated against 68 farmers identified in the scam. This proactive effort underscores KDA's commitment to combating land fraud and ensuring transparency in urban development, setting an example for other authorities nationwide.Read more

01 Jan 2025

The Khadki Cantonment Board (KCB) has proposed the excision of 326 acres from its civilian zones and their integration with the Pune Municipal Corporation (PMC), impacting nearly 29,000 residents. This decision follows consultations with defence and civic authorities, including the Southern Command and Bombay Engineering Group. While the merger could enhance municipal services, it also raises concerns over security and development restrictions near defence establishments. Feedback from the PMC and state government remains pending, and no final decision has been made regarding the merger, which includes maintaining certain defence-controlled zones.Read more

01 Jan 2025

A 48-year-old doctor in Thane has reportedly been defrauded of INR 70 lakh by three individuals in a property scam. The trio allegedly sold the doctor a flat in Navi Mumbai's Kalamboli area that had already been sold to another party. Despite receiving the payment, they failed to hand over possession of the flat or return the money. The victim filed a complaint earlier this week, leading to the registration of a case against the accused under charges of cheating and criminal breach of trust.Read more

01 Jan 2025

The Telangana High Court has directed the state government to transfer INR 40 crore in property tax transfer (TPT) charges to the Secunderabad Cantonment Board (SCB), raising the total disbursed amount to INR 90 crore of the estimated INR 100 crore owed. This ruling, following a writ petition by J Ramakrishna, addresses delays that stalled development projects and basic services. SCB CEO Madhukar Naik highlighted financial challenges since 2017 due to unpaid dues and abolished OCTROI taxes. While the order provides temporary relief, the SCB urges a streamlined payment system for long-term financial stability and uninterrupted services.Read more

01 Jan 2025

Following a recent multi-storey building collapse in Sohana, the Mohali Municipal Corporation (MC) has identified 97 high-rise buildings violating construction regulations. Mayor Amarjeet Singh Sidhu announced the findings and directed immediate action during an emergency meeting. Violations include exceeding the three-storey limit and unauthorized constructions in six villages under the MC's jurisdiction. The fire department will inspect safety measures, and owners of non-compliant structures will face enforcement actions, including rectification costs. The MC aims to bolster public safety and infrastructure integrity through strict regulatory compliance, ensuring responsible urban development in Mohali.Read more

01 Jan 2025

The National Green Tribunal (NGT) directive has halted nearly 200 real estate projects in Mumbai Metropolitan Region, mandating central oversight for developments exceeding 20,000 sq. m. within a 5-km radius of eco-sensitive zones. Key areas affected include Sanjay Gandhi National Park, Flamingo bird sanctuaries, and Tungareshwar Wildlife Sanctuary. The transition from state to central environmental clearance has caused delays, increasing costs and uncertainty for developers. CREDAI-MCHI and other stakeholders have petitioned the Supreme Court for interim relief. While the directive highlights environmental priorities, better administrative coordination is crucial to balance sustainability with urban development.Read more