23 Jun 2023

The Bhubaneswar Development Authority (BDA) has begun the allotment process for its Daya Enclave housing project, offering 128 two BHK apartments for the Middle-Income Group. Prospective buyers can register on the BDA's official website until July 7 for a chance to participate in the lottery system. However, locals have expressed concerns about the affordability of the apartments, urging the government to consider reducing prices to cater to the target audience effectively.Read more

23 Jun 2023

The land valuation policy of the Ahmedabad Municipal Corporation (AMC) has come under scrutiny due to inconsistencies in pricing guidelines for auctions of plots and constructed properties. Deviations from established practices and varying base prices have raised concerns about transparency and fairness. Stakeholders are urging the AMC to provide clarification and ensure a consistent valuation process to maintain trust and a level playing field in property auctions.Read more

23 Jun 2023

In an affordable housing drive, Andhra Pradesh's Chief Minister YS Jagan Mohan Reddy is inaugurating the TIDCO housing colony in Gudivada town, Krishna district. A total of 8,912 flats, each costing Rs 1, have been constructed over four years at a cost of Rs 178 crore. Alongside this, 4,500 homes are under construction adjacent to the TIDCO colony. The government's efforts towards affordable housing reflect a monumental relief of approximately Rs 9,406 crore for women beneficiaries, setting a new standard in housing accessibility.Read more

23 Jun 2023

The Maharashtra Real Estate Tribunal (MREAT) has revised a previous order by MahaRERA, granting home buyers the right to receive interest on their payments and refunds of additional fees. MREAT directed a developer to compensate home buyers by refunding the statutorily mandated payments and paying interest from the date of deposit. The tribunal rejected the relief granted to the promoter regarding the Covid moratorium period, emphasizing that interest serves as compensatory remuneration for buyers enduring possession delays. MREAT's judgment referenced Supreme Court rulings and relevant legal provisions, affirming the purpose of interest as fair compensation for the utilization of funds.Read more

23 Jun 2023

The Ahmedabad Urban Development Authority (AUDA) has unveiled an audacious plan to auction eight prestigious plots worth Rs 561.28 crore. These prime lands are located in Chandkheda, Bopal, Vejalpur, and Manipur-Godhavi. The auction offers an exceptional opportunity to acquire these sought-after properties at a significant discount. The event is scheduled for June 30th and July 1st, following a meticulous evaluation by the Land Disposable Price Fixing Committee. AUDA's decision to auction these plots comes after the state government doubled the Jantri rates.Read more

22 Jun 2023

Haryana Urban Development Authority (HUDA) has identified two potential sites for a slum rehabilitation project in Panchkula. The initiative aims to provide one marla plot or flat to each slum dweller in the area. HUDA has earmarked a 40-acre tract in Khark Mangoli village and 20 acres in Sector 20 for the project. The plan has been shared with Haryana Assembly speaker Gian Chand Gupta and will be presented to Chief Minister Manohar Lal Khattar for final approval. The project aligns with the objective of eradicating slums and providing adequate housing to economically disadvantaged residents.Read more

22 Jun 2023

The allotment process of the Blossom Greens project by real estate firm Logix Infratech has come under scrutiny following the release of an independent audit report. The report suggests potential malfeasance in the allocation of 261 apartments to Anand Kumar, brother of the former Chief Minister of Uttar Pradesh, and his wife, Vichiter Lata. Furthermore, allegations of irregularities in the allotment process, including the allocation of units already in possession of third parties, have been raised. Anand Kumar and Logix Group have denied the allegations, while investigations are ongoing.Read more

22 Jun 2023

The Bombay High Court has authorized MHADA to take action against nine unauthorized commercial structures in Kannamwar Nagar, Vikhroli (East) due to concerns about the risks posed by a deteriorating building. The residents of Sai Vihar CHSL filed a petition urging MHADA to remove the encroachments and facilitate redevelopment. The court highlighted the urgency of the situation, granting MHADA permission to proceed with the eviction process. The society's members expressed their willingness to vacate the premises, provided they are given transit rent. The court directed the members to negotiate terms with the builder, subject to MHADA's approval.Read more

22 Jun 2023

The Department of Town and Country Planning (DTCP) in Gurugram has requested tehsildars of all eight tehsils to share data on registries of builder floors executed after the implementation of the self-certification scheme seven months ago. The scheme allowed architects to issue occupation certificates (OCs) to buildings. However, the DTCP received information that some property owners and architects obtained registries without submitting the OC file. In response, the DTCP has circulated a standard operating procedure to issue OCs under self-certification for residential units within licensed plotted colonies.Read more

22 Jun 2023

A group of developers in Noida, Uttar Pradesh, has been fined for illegally extracting groundwater without permission for their construction projects, in violation of the Uttar Pradesh Ground Water Act, 2019. The violation came to light after a resident filed a petition expressing concerns about groundwater depletion. A survey conducted by the authorities confirmed the unauthorized extraction by 13 developers, leading to fines of Rs. 5 lakhs each and the sealing of borewells. Groundwater levels in Noida and Greater Noida have significantly dropped over the past decade.Read more