PNT Reporter

01 May 2023

The Rajasthan Real Estate Regulatory Authority (RERA) is considering partnering with the Rajasthan Housing Board (RHB) to conclude several incomplete real estate projects. This move follows growing concerns about the significant number of unfinished real estate projects in the state, leaving homebuyers in limbo. RERA officials have identified five major projects, including Atmosphere Grand-1 and Grand-2 by Samanvay Infra in Jaipur, which RHB is interested in completing. However, the decision has not been officially approved yet, and RERA is expected to finalize it after the appointment of a new chairman.Read more

01 May 2023

The Punjab and Haryana High Court has temporarily halted land consolidation in Faridabad's Kot, following a petition claiming that the process was a front to "privatise" common village land and the Aravalis. Residents have opposed the process of consolidation, stating that common land must be earmarked and handed over to the village as per directions of the Supreme Court in 2012. A two-judge bench of justices Sureshwar Thakur and Kuldeep Tiwari issued an interim stay order.Read more

PNT Reporter

27 Apr 2023

The Delhi Development Authority (DDA) has submitted a draft of the Master Plan for Delhi 2041 to the Union Housing and Urban Affairs ministry for review. The plan includes sustainable development, green economy, infrastructure development, and transit-oriented development hubs. The authority expects all formal procedures to be completed by next month, after which the plan will serve as a blueprint for the capital city's development for the next two decades.Read more

PNT Reporter

27 Apr 2023

The Enforcement Directorate (ED) has lifted the stay that it had imposed on Slum Rehabilitation Authority (SRA) builders who were carrying out projects under ED's probe for alleged money laundering. The SRA had issued a stop work on around 20 projects due to the ED investigation, which left over 5,000 slum dwellers without homes and rent. The state government had asked the Centre to direct the ED to let the slum redevelopment projects continue, and the issue was taken up at a meeting called by officials from the Prime Minister's Office (PMO).Read more

PNT Reporter

27 Apr 2023

The Bihar government has issued notices to 2.21 lakh beneficiaries and initiated action against 347 government employees for not completing houses under the Pradhan Mantri Awaas Yojana Gramin (PMAY-G) scheme, despite receiving full funding. Majority of notices were served in Gaya district, while the fewest were in Kishanganj and Buxar districts. These actions emphasize the importance of accountability and timely project completion to achieve the program's affordable housing objectives.Read more

PNT Reporter

27 Apr 2023

The Covid-19 pandemic has led to a dramatic increase in gift deeds and will registrations in Mumbai, according to Maharashtra government data. The surge is attributed to property owners' heightened sense of mortality, prompting them to secure their families' interests. Data from the Department of Registrations and Stamps reveals gift deed registrations grew annually since 2019, reaching 20,843 in 2022 and 3,287 in the first quarter of 2023. Will registrations have also increased significantly, with 11,642 registered in 2022 and 3,091 in the first three months of 2023. The pandemic and reduced stamp duty rates contributed to this trend.Read more

PNT Reporter

26 Apr 2023

The Supreme Court of India has issued a notice to the government, financial institutions, and real estate developers in response to appeals by Supertech homebuyers seeking to restrain lenders from charging EMIs until they receive possession of their flats. Meanwhile, the Delhi High Court has sought responses from the government on a PIL seeking to link property documents with Aadhaar to curb corruption, black money, and benami transactions. While proponents argue that linking property documents with Aadhaar would help curb corruption, critics are concerned about privacy issues.Read more

PNT Reporter

26 Apr 2023

The Chandigarh Housing Board (CHB) is considering allowing the conversion of leasehold apartments in the Sector 63 Housing Scheme to freehold, which will benefit more than 2,100 allottees. The proposal will be put before the CHB board of directors, which is likely to meet soon. Allowing the conversion will also improve the ease of property transfer, giving ownership rights to allottees and is likely to boost the price of the property. The CHB had launched the scheme 15 years back in 2008.Read more

26 Apr 2023

The Bombay High Court has ordered state authorities to take strict action, including punitive measures, against those involved in illegal sand mining in Vaitarna Creek and near Julie Island. The court observed that the state's efforts have not yielded results, and remedial steps, such as the installation of barricades near bridges, need to be taken to prevent erosion of the banks of Julie Island. The court has directed the state to take positive steps by June 8.Read more

PNT Reporter

26 Apr 2023

Quarry owners in the state of Kerala have launched an indefinite strike to protest the state government's new quarry policy, which includes an increase in royalty and penalties collections, and reinstatement of permission for mining revenue land. The new policy has also increased security fee charges and penalties for violating the act, leading to concerns of severe repercussions such as a temporary shortage of construction materials. Around 636 quarries, 1,100 crushers, and over 1,000 yards have remained closed since the start of the protest, causing several government-funded infrastructure and low-cost housing projects to come to a halt.Read more