09 Aug 2023

Punjab CM Bhagwant Mann disbursed Rs 101 crore in cheques to 25,000 beneficiaries of Pradhan Mantri Awas Yojana (Urban), each receiving Rs 1.75 lakh. Mann highlighted government's role in providing essentials like housing and pledged transparency in fund utilization. He announced a unique "Road Safety Force" initiative to combat high road accident fatalities, emphasizing potential to save lives and streamline traffic. Mann's administration aims to uplift all strata of society through proactive welfare measures, contrasting with predecessors' resource claims. The move underscores commitment to citizens' fundamental rights and effective fund management for public benefit.Read more

09 Aug 2023

Ahmedabad, the largest city in central Gujarat, faced a proposal in June to convert its eastern agricultural zone into industrial and residential areas. The plan aimed to transform around 12,000 hectares of land across 19 villages, intending to boost economic growth and urbanization. However, the proposal was put on hold after the Ahmedabad Urban Development Authority decided to review its feasibility, speed, scope, and impact on land use patterns. This sudden decision has caused disappointment and controversy among developers and residents who anticipated the city's development.Read more

09 Aug 2023

After a ceiling fall caused residents of the Jains Westminster Owners Association in Chennai to question the quality of their complex's construction, they filed a police report against Jain Housing and Construction. The building had been plagued by leaks and flaws since 2016. Jain Housing's MD, Sandeep, acknowledged the problems and said that remediation work is in progress. The tragedy has sparked a wider discussion about safety regulations, construction accountability, and resident rights. GCC commissioner J. Radhakrishnan pledged assistance for locals seeking justice.Read more

09 Aug 2023

The long-awaited LIFE Mission housing project near Mundamveli, owned by the GCDA, is in its final stages, set to launch by month-end. With one block completed and the second nearly finished, relief is imminent for 80 families from P&T Colony who will relocate. The Thrissur District Labour Contract Co-operative Society is expediting work. The inauguration awaits Chief Minister Pinarayi Vijayan's coordination. This project comprises two four-story buildings, 83 flats, essential amenities, and integrated rainwater harvesting, with an estimated cost of Rs 14.61 crore. The launch marks a significant step toward improved living conditions and collaboration in funding and execution.Read more

08 Aug 2023

In a significant shift in real estate regulations, the Karnataka Real Estate Regulatory Authority (KRERA) has ordered builders to transfer control of common areas in apartment complexes to residents' associations. This landmark ruling was specifically directed at Signature Dwellings Private Limited, and it mandates the immediate transfer of common areas to allottees' associations upon their formation. Experts believe that this decision not only resolves a longstanding issue but also sets a precedent that could lead to broader reforms, potentially benefiting homebuyers across the nation.Read more

07 Aug 2023

The Bombay High Court has established a committee comprising officials from various departments to propose a roadmap for reconstructing and repairing 45 kilometres of roads in the ecologically sensitive Aarey Colony. The court addressed concerns raised in public interest litigations about the roads' poor conditions and directed the committee to consider environmental regulations and eco-sensitive zone laws during their work. The committee must present its recommendations for funding and repair plans before the next hearing on September 23. The court also emphasized the need for cooperation among authorities and directed immediate repairs for a specific road segment.Read more

07 Aug 2023

The Assam Real Estate Appellate Tribunal (REAT) made a significant ruling, stating that the mere pendency of civil suits cannot be used as a legal justification to prevent the registration of real estate projects. The ruling came as a result of an appeal by a builder who faced penalties for failing to register a project as required by the Real Estate (Regulation and Development) Act, 2016. The builder argued that the project was involved in various civil suits, but the Tribunal dismissed this argument, emphasizing the importance of complying with the statutory requirements. The ruling serves as a warning to the real estate industry to adhere to registration requirements before marketing or selling any real estate projects.Read more

07 Aug 2023

A real estate broker from Sola has filed a police complaint against a bullion trader and builder from Prahladnagar, alleging a fraud of Rs34.56 crore in property sales. The accused, Rakesh Shah, presented himself as a bullion trader with real estate expertise and promised to help the broker sell his properties. After an initial payment, Shah allegedly avoided scheduled payments, claiming his bank account in Dubai was frozen. Additionally, the broker acted as a guarantor in the sale of two properties belonging to his friend, adding to the complexity of the fraud. The police are investigating multiple offenses, and the case has raised concerns about the need for tighter regulations and due diligence in real estate transactions.Read more

07 Aug 2023

Rajasthan RERA has directed a Jaipur builder to refund a homebuyer Rs 37 lakh, including interest, due to a prolonged possession delay. The complainant had booked a flat in 2016 but faced multiple delays in receiving possession. Despite paying a significant amount, the flat's possession was repeatedly postponed, prompting the homebuyer to approach RERA. The authority's ruling mandates a complete refund within 45 days. This case highlights the importance of timely possession and the role of RERA in safeguarding buyers' interests in real estate transactions.Read more

05 Aug 2023

In Rajasthan, 8.67 lakh families are still awaiting homes promised under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G), as the central government fails to set new targets for two years. Several states face the same issue, with a shortage of housing options. Urgent appeals have been made to the Government of India for action. Minister Giriraj Singh disclosed that out of 17.19 lakh sanctioned houses, 16.68 lakh have been completed. The PMAY-G aims to provide 2.95 crore houses across rural India by March 2024. Transparency in beneficiary selection involves verification and appeals, but 2.04 crore households remain on the waitlist.Read more