PNT Reporter

03 Apr 2024

In a significant judgment, the Bombay High Court has approved the redevelopment of a Mumbai housing society by Truearth Developers, rejecting an insolvent builder's claim over the project. The court emphasized that the Insolvency and Bankruptcy Code cannot be used to delay development or deny transit rent payments to displaced residents. It criticized the practice as "absurd" and "inequitable", underscoring that society members should not suffer due to a builder's insolvency. The ruling reaffirms residents' fundamental rights to redevelopment and compensation, setting an important precedent that prioritizes citizens' welfare over narrow corporate interests.Read more

PNT Reporter

03 Apr 2024

The state government approved CIDCO's redevelopment policy for dilapidated buildings in NAINA, granting a 30% extra area. Villagers demand 2.5 FSI for feasibility. The policy applies to 94 villages in NAINA, covering 225.59 sq km, particularly those with Town Planning Schemes ready. Residents of dilapidated or 30-year-old buildings will benefit, with either extra FSI or additional construction area without premium. NPBSUS opposes the policy, advocating for 2.5 FSI and implementation of Unified Development Control and Promotion Regulations (UDCPR). Panvel MLA Prashant Thakur supports the decision, citing safety concerns for residents. The debate continues between government initiatives and villagers' demands for sustainable redevelopment.Read more

PNT Reporter

03 Apr 2024

In a decisive move, the Bombay High Court has instructed the Navi Mumbai Municipal Corporation (NMMC) to dismantle an unauthorised structure situated on CIDCO land within the span of eight weeks. The court firmly dismissed any possibility of regularisation through fines or compensation, emphasising the paramount importance of private interests aligning with the public good. Identified as belonging to Ishwar Mavji Patel, the structure's illegal status underscores the necessity for strict adherence to legal regulations governing land usage and construction in the region.Read more

PNT Reporter

02 Apr 2024

Ahmedabad's civic body, the AMC, has announced a significant policy change regarding temporary leases. Under the new regulations, revised jantri rates will be enforced by the AMC for these temporary leases. Notably, there will be a 25% concession on rent specifically for plots utilized for commercial purposes. Previous plots rented for various activities will now reflect updated jantri rates, signaling a significant policy shift. This move marks a shift in the city's land management strategy, aiming to streamline lease processes while also providing incentives for commercial activities within the region.Read more

PNT Reporter

02 Apr 2024

The Karnataka Real Estate Regulatory Authority (KRERA) issued a significant order against Provident Housing, a subsidiary of Puravankara Ltd, concerning delays in delivering the Provident Noera apartment complex in Yelahanka, north Bengaluru. The ruling addressed the challenges faced by homebuyers due to prolonged project delays, highlighting the plight of Dasari Naresh, who has been paying EMIs without possession since 2019. KRERA invoked Section 18 of the RERA Act, holding Provident Housing responsible for compensating Naresh for financial losses. Amidst high home loan interest rates, ranging between 8-15 percent, KRERA's intervention underscores regulatory oversight's crucial role in safeguarding homebuyers' interests and fostering transparency in India's real estate sector.Read more

PNT Reporter

01 Apr 2024

The Gujarat High Court has intervened in the redevelopment saga of the Shilpalaya Co-operative Housing Society in Vasa, Ahmedabad. With buildings dating back to the mid-1980s and severely damaged, a majority decision for redevelopment was hindered by objections from just five of the 228 members. The High Court ruled in favor of progress, directing the dissenters to vacate their flats within eight weeks to pave the way for the proposed redevelopment plan. The court emphasized the urgent need for redevelopment and highlighted benefits including larger flats, financial incentives, and enhanced safety measures for residents.Read more

PNT Reporter

01 Apr 2024

The Kalyan Dombivali Municipal Corporation (KDMC) informed the Bombay High Court of 4,570 unlawful structures within its jurisdiction, prompting necessary action against occupants. Measures proposed by the Municipal Commissioner were deemed crucial, with the HC directing local police to address encroachments seriously. Additionally, authorities assigned electricity distribution firms the responsibility of collaborating to eliminate unauthorised construction and prevent future encroachments. Advocates presented affidavits detailing the survey's findings and outlined legal actions under relevant acts. The court scheduled further proceedings for July 8, awaiting responses from concerned parties.Read more

PNT Reporter

29 Mar 2024

The Uttar Pradesh Real Estate Regulatory Authority (UPRERA) introduces new directives to bolster transparency and safeguard home buyers' interests in the real estate sector. Promoters are now mandated to prove clear title to project land upon registration, requiring written consent and registered joint development agreements (JDAs) if land is owned by someone other than the promoter. Additionally, an affidavit must affirm the land's freedom from encumbrances or disclose existing ones. Another directive demands consistency in project names across sanctioned maps, RERA registrations, and marketing materials to address discrepancies causing confusion among buyers. These measures aim to enhance consumer protection, streamline conveyance deed processes, and foster a more transparent and reliable real estate market in Uttar Pradesh.Read more

PNT Reporter

29 Mar 2024

The Supreme Court has upheld MIDC's decision to terminate the land lease granted to Vedanta in 1992 for a proposed copper smelter plant in Ratnagiri district, Maharashtra. Vedanta argued that the termination was arbitrary as it could not begin construction because of a state stay order and protests. It said that it had already invested INR 80-100 crore with all approvals in place. While MIDC said that it has issued termination notices in 2014, over 20 years after the project deadline. The judgment highlights the need for transparent mechanisms balancing development, corporate rights and responsibilities, especially in Maharashtra, which is seeking to attract more investments and industrialization.Read more

PNT Reporter

28 Mar 2024

Starting May 1, 2024, Chandigarh will enforce a new energy efficiency code targeting commercial buildings. The initiative aims to enhance energy efficiency in these structures, with projections suggesting it could lead to annual electricity savings of 20-30%. By implementing this code, authorities hope to reduce energy consumption, minimize environmental impact, and promote sustainable practices in urban development. This move reflects the city's commitment to fostering a greener and more sustainable future while addressing energy challenges in the built environment.Read more