01 Aug 2023

The Uttar Pradesh Housing Department has directed 29 development authorities to identify highly urbanized zones where landowners can surrender their land in exchange for Transfer of Development Rights (TDR). The cities of Lucknow, Kanpur, and Varanasi will be the first to implement the TDR concept. Under this system, landowners will receive TDR certificates in return for voluntarily surrendering their land for public purposes. The certificates can then be used to avail increased Floor Area Ratio (FAR) in developing or under development locations. The move aims to promote planned urban development and ease congestion in highly urbanized areas across the state.Read more

01 Aug 2023

Mumbai's Aarey Milk Colony is witnessing a significant crackdown on illegal structures, led by the CEO's office, resulting in over 150 demolitions. The initiative, marking a major operation against illegal constructions, is set to intensify post-monsoon. Applauded by environmental advocates, the actions aim to safeguard the forest, local biodiversity and wildlife from encroachments. Collaboration with the forest department, dairy department, MCGM, and police is in place to ensure Aarey forest becomes an encroachment-free zone.Read more

31 Jul 2023

The Haryana Town And Country Planning Department's recent action to issue notices to 300 colonizers, barring them from new projects and extensions, comes as a response to their failure to clear arrears of infrastructure development charges (IDC). With an outstanding amount of Rs 15,000 crore in non-payment, the department is taking a firm stance to prioritize clearing dues and resuming development projects. Critics argue that the department's leniency in the past might have contributed to the accumulation of default amounts. However, the department's actions underscore the urgency to address the larger issue of outstanding IDC dues for the region's development.Read more

29 Jul 2023

The Delhi High Court has issued significant directions in the legal dispute between Info Edge (India) and 4B Networks. 4B Networks has been ordered to refrain from selling or transferring its assets and to preserve all relevant records and information during the arbitration process. The dispute arose from a financial investment made by Info Edge (India) subsidiary, Allcheckdeals India, in 4B Networks, and concerns about 4B Networks' operations and management practices. The arbitration will play a crucial role in resolving the dispute and upholding contractual obligations.Read more

29 Jul 2023

The Uttar Pradesh State Industrial Development Authority (UPSIDA) has announced relief for allottees who commenced their units without completing the registration process on time. The relief includes an option for registration with additional interest and lease premium rates, aiming to ease the financial burden on entrepreneurs and support the state's economic growth. While this measure is seen as beneficial for allottees, critics raise concerns about the potential impact on adhering to deadlines and administrative challenges. Nonetheless, UPSIDA's initiative aligns with the vision of Chief Minister Yogi Adityanath to boost Uttar Pradesh's economy.Read more

28 Jul 2023

The Punjab and Haryana High Court has expressed concern over the reduction of green belt areas in cities and its impact on the drainage system. The court had called for the preservation of green areas with waterfronts to prevent interference with the natural flow of water, which can lead to devastating consequences like floods and waterlogging. The recent loss caused by floods in the region is partly attributed to haphazard construction in green areas and water bodies. The court warned against repeating mistakes seen in cities like Bengaluru and Chennai and emphasizes the importance of sustainable development practices that prioritize environmental conservation alongside economic growth.Read more

28 Jul 2023

Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy has inaugurated the foundation-laying ceremony for the construction of over 50,000 affordable houses in Guntur district. This ambitious housing project, with a budget of Rs 1,830 crore, is part of the PMAY - YSR BLC (U) scheme and aims to uplift the living standards of the marginalized sections of society. The project will cover a vast area and incorporate various amenities to enhance the quality of life for residents. By providing affordable housing options and essential facilities, the government is working towards creating a more equitable and inclusive society.Read more

28 Jul 2023

HMDA shifts focus to middle and upper-middle-class sections in Hyderabad, initiating an auction of 50 plots in Mokila village. The layout promises comprehensive infrastructure development, with bids exceeding Rs 25,000 per square yard. The pre-bid meeting garnered significant interest, and HMDA anticipates a positive response from potential homeowners. The strategic location near Shankarpally Road, Neopolis, and Financial District adds appeal to the project. With connectivity to ORR and proximity to educational institutions and recreational spots, HMDA aims to redefine urban living, providing diverse housing options for a vibrant community in Hyderabad's evolving landscape.Read more

28 Jul 2023

Only 73 properties have been identified by the Pune Municipal Corporation (PMC) for illegally operating commercial businesses within housing societies. This number is significantly low compared to the estimated 50,000 such properties believed to exist within PMC's jurisdiction, including merged villages. PMC has reiterated its call for residents to come forward and divulge information about such properties to ensure proper adherence to zoning and safety regulations in the city's neighbourhoods. The revelation raised concerns over potential non-compliance with property usage regulations, prompting authorities to intensify efforts to uncover and address these unauthorized commercial activitiesRead more

27 Jul 2023

The Mumbai branch of the National Company Law Tribunal (NCLT) has endorsed Darwin Platform Infrastructure's revised resolution plan for Lavasa Corp. The approved proposal, valued at Rs 1,814 crore, aims at the equitable distribution of proceeds from Lavasa Corp's sale among its lenders. The plan marked a pivotal step in Lavasa Corp's revival efforts and the execution of the Insolvency and Bankruptcy Code. The resolution comes in the wake of Lavasa's entanglement in environmental and land acquisition issues which led to delayed payments to lenders.Read more