PNT Reporter

04 May 2023

The Brihanmumbai Municipal Corporation (BMC) has issued credit notes worth about Rs 350 crore to contractors to build houses for project-affected people in Mulund, Bhandup, and Prabhadevi, instead of paying them directly. These credit notes can be used to pay municipal taxes or premium charges to the BMC in the future or sold to other contractors for money. While there is no provision for credit notes under the MRTP Act, the state urban development department permitted BMC to implement the credit notes policy citing an earlier MMRDA precedent.Read more

PNT Reporter

04 May 2023

The Chennai Metropolitan Development Authority (CMDA) has issued a showcause notice to the developer and owner of VR Mall for not following the approved plan for the building. Deviations include traffic congestion, unutilized entry gates, a temporary shed in the setback space, and the presence of unapproved swimming pools and sports courts. The CMDA has warned of lock and seal action if the building is not restored as per the approved plan. The notice highlights the importance of following safety and security regulations and adhering to the approved plan.Read more

PNT Reporter

04 May 2023

The Bombay High Court has directed MHADA and BMC not to insist on a no-objection certificate from the previous developer for the redevelopment of a Girgaum building that had been stalled for over a decade. The decision is expected to expedite the redevelopment process and provide relief to the affected families. The court set timelines for granting permissions and directed the liquidator to remove equipment or machinery lying on the site. The decision highlights the need for a more efficient and effective redevelopment process that is sensitive to the needs of the affected families.Read more

PNT Reporter

03 May 2023

The Bhubaneswar Development Authority (BDA) announced that three premium housing projects are set to be completed by the end of 2023. Two projects are in Kalinga Nagar, with one offering commercial-residential spaces, and the other exclusively residential. The third project is situated in Subudhipur. These developments will cater to middle and high-income groups, with modern amenities such as parks, green spaces, and round-the-clock utilities. The BDA is also working on affordable housing projects for lower-income residents, reflecting its commitment to inclusive urban development.Read more

PNT Reporter

03 May 2023

The Uttar Pradesh housing department has allowed for the installation of solar panels on rooftops of residential, commercial, and institutional properties. The exemption of FAR calculation for solar panel installations up to 4.5 meters can increase the value of the property and create employment opportunities. This decision can promote renewable energy, reduce carbon emissions, and contribute to the state's economic growth.Read more

PNT Reporter

03 May 2023

The Bombay High Court has overturned a 2016 acquisition order by the Slum Rehabilitation Authority (SRA) for almost two acres of land in Mumbai's Goregaon, ruling that a developer and slum society had taken steps "in grabbing the property" from its owner. The court held that the owner had been deprived of his preferential rights to develop the property by fraudulent means and that the SRA's order should be set aside. The land had been declared a slum rehabilitation area in 2015.Read more

PNT Reporter

03 May 2023

The Directorate of Enforcement (ED) has conducted raids on five locations in Ranchi and Jamshedpur in connection with land scams and money laundering. During the operation, the ED teams froze 50 bank accounts, blocking any transactions. The ED has uncovered largescale irregularities in the sale and purchase of land in Ranchi district in recent months. The role of government officials in such scams is particularly concerning. The government needs to take strict action against such officials and ensure that they are held accountable for their actions.Read more

PNT Reporter

02 May 2023

The Bhubaneswar Development Authority's (BDA) affordable housing projects have encountered a roadblock due to compulsory registration under the Real Estate (Regulation and Development) Act, 2016 (RERA Act). The registration, which became mandatory to access central grants, has rendered the projects financially unfeasible due to increased fees. The BDA has sought state government intervention and proposed exempting these projects from the application and late fees. The issue underscores the need for a nuanced regulatory approach to affordable housing, with resolution being vital for the success of such critical initiatives.Read more

PNT Reporter

02 May 2023

Out of 128 properties put up for auction by the CHB, only six were sold, with revenue generated being slightly higher than the reserve price. The low sales can be attributed to the impact of the ongoing COVID-19 pandemic and the current economic slowdown. Additionally, the high reserve prices of the properties may have deterred potential buyers. The CHB may need to lower the reserve prices or offer more incentives to attract buyers.Read more

PNT Reporter

02 May 2023

The Yamuna Expressway Industrial Development Authority (YEIDA) is re-launching its plot allotment schemes for group housing, institutional projects, hotels, and petrol pumps. Allottees will now get 3-5 years to pay the total amount in instalments, reducing the financial burden on investors, and there will be more flexibility in the eligibility criteria. YEIDA is also throwing open the fuel pump scheme for all and doing away with the one-time payment option in the residential plot scheme. The revised scheme is expected to attract more investors and lead to more successful allotments.Read more