PNT Reporter

12 Jun 2023

The Greater Noida Industrial Development Authority (GNIDA) discovers that developers have been giving apartments to homebuyers without fulfilling the necessary registration requirements. Financial consultancy Curie & Brown exposed several such violations in their examination of group housing projects. In response, the GNIDA plans to take legal action against these developers to ensure compliance with regulations and protect the rights of homebuyers. Additionally, the Yamuna Expressway Industrial Development Authority (YEIDA) is preparing to implement a plot relocation policy to address delays caused by land disputes.Read more

PNT Reporter

12 Jun 2023

The Punjab and Haryana High Court has temporarily stopped the allocation of four commercial sites and seven residential plots within the protected Aravali green belt. The court ruling comes in response to a petition filed by Bharat Petroleum Corporation Ltd. (BPCL) and is pending a decision on a related petition by the DLF Qutub Enclave Residents Welfare Association. The disputed land, located between DLF-1 and Sector 42, falls within the Central Forest (Conservation) Act's protected Aravali Plantation. Local residents argue that any development in the green belt would violate ecological regulations and cause congestion in the area.Read more

PNT Reporter

12 Jun 2023

The Karnataka High Court ruled that a shareholder who prefers the sale of a property under Section 2 of the Partition Act cannot purchase the shares of other shareholders. The case involved a property in Bhadravathi town, Shivamogga district. The court dismissed a petition filed by two shareholders who expressed a preference for a sale but were prevented from exercising their rights under Section 3 of the Act. The court clarified that when Sections 2 and 3 of the Act are read together, the court must first determine that division according to the decree is not feasible. As a result, the court upheld the trial court's decision.Read more

PNT Reporter

12 Jun 2023

Maharashtra has initiated action against property registration officials for improperly registering around 20,000 property documents. The documents, found in violation of RERA rules and Maharashtra's Prevention of Fragmentation Act, are void and set for immediate correction. With 10,000 suspect documents from Pune and cases from Thane, Chhatrapati Sambhaji Nagar, and Latur district, this vast rectification will ensure adherence to regulatory norms and deter future malpractices in property registration.Read more

PNT Reporter

09 Jun 2023

The Chandigarh Housing Board (CHB) is considering reducing the reserve price of its residential properties by approximately 10% following unsuccessful property auctions. In recent auctions, there has been a lack of interest in CHB residential properties, despite their freehold status. Only a small number of properties have been sold in the past few auctions. The commercial real estate sector has also experienced poor performance, with no buyers for the auctioned properties. The leasehold status of commercial properties has contributed to the lack of interest. The recent decision to prohibit the CHB from selling converted commercial leasehold properties as freehold has further dampened demand. The CHB aims to attract more participants and improve auction outcomes by lowering the reserve price.Read more

PNT Reporter

09 Jun 2023

The Ludhiana Improvement Trust (LIT) in Ludhiana, India, has decided to re-auction a property on Rani Jhansi Road after facing difficulties in finding tenants for the renovated multi-story structure. The building, which features various commercial units, has remained vacant and deteriorated over time. LIT's initial plans to attract banks or a multiplex for consistent rental income have shifted towards auctioning the property. Previous proposals to establish a jewellers' market, an income tax office, and relocate the Powercom office were considered but not implemented. By re-auctioning the property, LIT aims to find a suitable buyer or tenant who can revitalize the building and contribute to the area's development.Read more

09 Jun 2023

In a resolute operation against the land mafia, Ratlam's district administration reclaimed a residential parcel developed by Ehsan Mukati in 1994 near Surajmal Jain Nagar. The administration cleared unauthorized encroachments and restored ownership to the 38 plot purchasers who had been denied possession for nearly three decades. The district is now initiating the process of legalizing the residential colony and developing basic infrastructure financed by the sale of the remaining plots.Read more

PNT Reporter

08 Jun 2023

The Vigilance Bureau is investigating the fraudulent allocation of residential plots under Ludhiana Improvement Trust's scheme. They have arrested an individual who tampered with the e-auction system and are planning to summon officials from the software company involved in its development. The accused manipulated bids by adding extra zeros, leading to their cancellation. The Bureau aims to determine how the e-auction system was hacked. The involvement of the software company and suspicions surrounding an official's connection to the fraud are being examined.Read more

PNT Reporter

08 Jun 2023

The tenancy certificate introduced by the Pune Municipal Corporation (PMC) has seen limited uptake among wada residents. Only around 400 tenants have applied, with concerns about its utility, legal value, and potential loss of rights deterring others. The PMC is exploring alternatives like offering additional floor space index for wada redevelopment. Legal experts suggest that the significance of the certificates depends on their allocation. The low adoption reflects scepticism and fear among tenants. Efforts are being made to address concerns and protect residents' rights. The PMC aims to strike a balance between property owners and tenants' interests.Read more

PNT Reporter

08 Jun 2023

The government of Maharashtra has introduced a resolution to expedite self-redevelopment for housing societies. Under the new resolution, societies that pass a majority resolution for self-redevelopment can apply for deemed conveyance or land ownership. Approval will be granted within one month. The competent authority will issue notices to builders or landowners, conduct hearings, and make decisions on deemed conveyance. Around 10,000 societies in Mumbai and another 10,000 in the metropolitan region seek redevelopment. The government will be flexible with document submission, and the stamp duty will be a nominal Rs 100. The resolution aims to address ownership issues and empower housing societies.Read more