16 Nov 2023

The Thiruvananthapuram City Corporation is taking action to cancel building numbers and trade licenses for residents and shop owners in City Plaza, a residential-cum-commercial building in Ulloor. Concerns over structural stability arose after a portion of the building's retaining wall collapsed during heavy October showers. The civic body issued an eviction notice, directing residents to vacate within three days. Despite reminders to reconstruct the retaining wall, there was no concrete response. Residents cite the corporation's failure to address unauthorized constructions, urging temporary accommodation. The corporation cancelled building numbers and trade licenses, awaiting a stability assessment report from the public works department.Read more

16 Nov 2023

The state government launched a unified, single-window portal for housing and urban affairs services, promoting digital governance. Residents in 103 urban local bodies can now access municipal and departmental services online. The portal facilitates tasks like property tax payment, trade license approval, and complaint filing, enhancing transparency and citizen engagement. Offering comprehensive information about municipal bodies, it extends beyond ULBs to include services from various entities. The move represents a notable stride towards providing accessible, transparent, and efficient public services, aligning with the government's dedication to digital governance.Read more

16 Nov 2023

The Securities and Exchange Board of India (SEBI) has announced the auction of 13 properties linked to Bishal Group of companies and NVD Solar as part of the recovery proceedings against these companies. The auction, scheduled for December 12, will feature properties with a reserve price exceeding Rs 17 crore. Eight properties are associated with Bishal Group of companies, and the remaining five belong to NVD Solar. The regulatory action is in response to the mobilization of funds through the issuance of Redeemable Preference Shares, allegedly violating public issue norms. The auction will be conducted online, and SEBI urges potential bidders to conduct due diligence.Read more

15 Nov 2023

A total of 370 construction projects in the state of Maharashtra have been served with show-cause notices and fined a cumulative sum of Rs 33 lakh for their failure to display MahaRERA (Maharashtra Real Estate Regulatory Authority) registration numbers and QR codes. The regulatory measure, implemented in August, mandates the prominent display of QR codes on advertisements to provide potential buyers with essential project information. This move reinforces the commitment to enforcing compliance, curbing misleading advertising practices, and enhancing transparency in the real estate market. A total sum of Rs 22 lakhs have been recovered through such penalties so far.Read more

15 Nov 2023

The Delhi High Court has invalidated a demolition notice issued by the Delhi Development Authority (DDA) targeting "unauthorized" constructions near the Mehrauli Archaeological Park. The court directed the DDA to restart the process, emphasizing the importance of granting a fair hearing to the affected parties before taking further action on alleged encroachments. The court highlighted procedural lapses, stating that no intimation was issued to the petitioners before the demolition notice, and quashed the notice issued in December 2022. The ruling underscores the need for administrative actions to adhere to statutory procedures and principles of natural justice.Read more

15 Nov 2023

Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has taken strict action against promoters of real estate projects, penalizing over a thousand projects for failing to submit Quarterly Progress Reports (QPR) as required. Among these projects, promoters of 732 have neglected to provide any target and completion date details, while 356 projects have not updated their progress targets on the UPRERA portal. The penalties imposed by UPRERA amount to Rs 2 lakh per project for the former and Rs 1 lakh per project for the latter. These penalized projects encompass various categories, including residential, commercial, and plotted developments, and are predominantly situated in regions like Gautam Budh Nagar, Ghaziabad, Lucknow, Meerut, Varanasi, and Agra.Read more

15 Nov 2023

In Greater Noida, a newly formed nine-member committee, led by additional CEO Saumya Srivastava, aims to address and resolve disputes between builders and buyers. This committee, established to expedite conflict resolution, will focus on issues such as the issuance of No Objection Certificates (NOCs), the formation of Apartment Owners Associations (AOAs), and the transfer of interest-free maintenance security (IFMS) funds. The panel comprises officials from various GNIDA departments, including legal representation, and includes two members nominated by the Confederation of Real Estate Developers' Associations of India (CREDAI) to represent builders. This initiative seeks to streamline conflict resolution and improve communication between stakeholdersRead more

15 Nov 2023

The City and Industrial Development Corporation (CIDCO) has extended the deadline for payments under the Mass Housing Scheme 2018-19 to January 10, 2024. This extension provides relief to applicants who have been struggling to meet the initial payment deadlines for their housing tenements. CIDCO's decision aims to assist citizens in securing their dream homes, acknowledging the financial challenges faced by many. The extension applies to defaulting applicants who received allotment letters between 2019 and 2022, requiring them to pay the remaining instalments along with any delayed payment charges by the new deadline to avoid cancellation of allotments.Read more

14 Nov 2023

Several apartment residents in Bengaluru are facing a dilemma as they are forced to pay significant sanitary charges by the Bangalore Water Supply and Sewerage Board (BWSSB) despite treating their sewage on their own. According to BWSSB rules introduced in 2014, apartments with over 20 flats must establish sewage treatment plants (STPs). Residents argue that they are being charged unjustly, as they are bearing the expenses of STPs. They have raised this issue with BWSSB, stating that they are not receiving services in return for these charges. BWSSB claims they don't impose sanitary charges on apartments complying with sewage treatment norms set by the National Green Tribunal.Read more

14 Nov 2023

In Ladakh, concerns have arisen regarding the Ladakh Industrial Land Allotment policy. The Kargil Democratic Alliance (KDA) and the Leh Apex Body (LAB) have sounded the alarm, highlighting a lack of transparency and local engagement in the policy's development. There are fears that the policy may deprive the people of Ladakh of their land and job opportunities while potentially altering the region's demographics. LAB plans to submit a comprehensive response, emphasising the importance of inclusive governance and the need for transparent policymaking in Ladakh's development.Read more