22 Nov 2023

MahaRERA gears up for its third real estate agent exam, drawing 5,592 candidates statewide. Mumbai leads with 2,732 participants. The focus remains on ensuring agents possess a thorough understanding of real estate transactions. 3,217 have successfully passed the exam so far. It is important to note that 13000 real estate agents have not renewed their registration which brings the number of active agents down. Recognising the importance, MahaRERA extends the certification deadline to January 1, 2024, underlining its commitment to industry competence and professionalism.Read more

22 Nov 2023

Former mill workers queued at Mumbai's Samaj Mandir Hall to prove work history for Maharashtra Housing and Area Development Authority (MHADA) subsidized housing eligibility. The three-month verification process, ongoing since September 15, sparked concerns due to uncertainty about the lottery. Although an online option exists, many found it ineffective. MHADA recently allotted keys to 100 eligible mill workers from the 2020 lottery, emphasizing ongoing efforts to determine eligibility for the total 1,50,484 applicants. These developments highlight the challenges and aspirations tied to subsidized housing initiatives in Mumbai, emphasizing the need for efficient and timely eligibility processes.Read more

22 Nov 2023

Delhi's State Environmental Impact Assessment Authority (SEIAA) is set to scrutinize the compliance of projects granted environmental clearance (EC) in the last two years. Concerned about potential air quality impacts due to non-compliance, SEIAA aims to assess whether project proponents adhere to specified conditions. In response to citizen complaints and acknowledging a lack of current monitoring processes, the authority emphasizes the importance of ensuring compliance with EC conditions. SEIAA directs the Delhi Pollution Control Committee (DPCC) to ascertain the mandate for overseeing compliance and requests data submission within two weeks. Legal opinion will be sought before the next SEIAA meeting.Read more

22 Nov 2023

The Sinhagad Road police have charged two real estate agents accused of defrauding a 66-year-old client out of Rs57 lakh. The victim alleged he was enticed into investing in two apartments and a shop in a Vadgaon Budruk project in January 2021. The realtors presented him with an occupancy rights certificate, asserting the legality of the building. However, the complainant later discovered that one of the booked flats was sold to a third party, and the PMRDA had not issued an occupancy certificate. The case underscores the importance of transparency in real estate transactions and authorities' efforts to address fraudulent practices.Read more

22 Nov 2023

The Greater Noida Industrial Development Authority (GNIDA) is set to allocate land for the establishment of shopping malls, hotels, and commercial complexes. Under the scheme, 22 plots of varying sizes will be auctioned, with registration closing on December 1 and fee submission deadline on December 5, 2023. Plots, strategically located in six sectors, offer proximity to major corridors and the upcoming Noida International Airport. Prices range from Rs 21.94 crore to Rs 109.1 crore, with a 10% earnest money deposit.Read more

21 Nov 2023

The Bombay High Court has rejected interim relief in response to a petition by slum dwellers seeking over Rs 15 crore in transit rent arrears or the cancellation of a developer's appointment in a significant Slum Rehabilitation Authority (SRA) project at Jerbai Wadia Road, Parel. The court stayed the proceedings before the Apex Grievance Redressal Committee (AGRC) and questioned the spectrum of rights claimed by the slum societies. The court highlighted the issue of enormous inequity in the city and emphasized the need for statutory interpretation in the case. The next hearing is scheduled for January 29, 2024.Read more

21 Nov 2023

The Real Estate Regulatory Authority (RERA) has issued notices to several real estate firms, including Neemsboro Group, Excellence Properties, Prestige Group, Urban Yards, Happy Dream Homes, Seven Hills, Kavuri Hills, Rivendell Farms, and Sumadhura Infra Projects, for advertising projects and pre-launches without obtaining RERA registration. This crackdown extends to real estate agents involved in selling open plots on behalf of infrastructure companies without proper registration. The notices demand responses within 15 days, emphasizing RERA's commitment to enforcing regulatory compliance in the real estate sector. This action reinforces the importance of adherence to regulatory procedures and transparency within the industry.Read more

21 Nov 2023

The New Okhla Industrial Development Authority (Noida) has introduced two plot allocation schemes to boost industrial and commercial activities in the region. The registration process for commercial builder plots, ranging from 812.73 sq m to 51,417.25 sq m, has begun. The Commercial Plots Scheme targets sectors 32, 35, 40, 50, 94, 96, 97, 98, 105, 108, 124, 132, and 135 in Noida. These plots will be allocated through an e-auction process, with the bidding date to be announced after a pre-bid meeting on November 21. Additionally, an open-ended scheme for plot allocation in Noida Industrial Area Phase 1 and 2 will commence registration on November 21.Read more

21 Nov 2023

The Odisha Cabinet, chaired by Chief Minister Naveen Patnaik, has approved amendments to existing legislation, allowing Scheduled Tribe (ST) members to sell land to non-tribals in scheduled areas, with certain restrictions to prevent landlessness. The move, based on recommendations from the Scheduled Tribes Advisory Council, aims to address concerns raised by the ST community and boost industrialization. The amendment is to the Odisha Scheduled Areas Transfer of Immovable Property (by STs) Regulation, 1956, and follows 2002 amendments that restricted ST-category citizens to transfer property only to other tribals. The decision is expected to provide economic opportunities and support development in the state.Read more

21 Nov 2023

The Madras High Court directed authorities to compensate 39 individuals with Rs 5,000 each for land parcels earmarked for acquisition but left undeveloped, citing a lack of implementation of development plans by the state government. Justice B Pugalendhi expressed dissatisfaction with the government's failure to acquire properties within the stipulated five-year period, deeming them lapsed reservations. The judge ordered the release of petitioners' lands from the respective development plans and mandated the Director of Town and Country Planning to pay compensation within a month, highlighting broader concerns about the government's commitment to plan implementation and the need for just compensation.Read more