25 Apr 2023

The Rajasthan cabinet meeting, chaired by Chief Minister Ashok Gehlot, has approved several proposals that will benefit the state. These include distributing land ownership documents in slum areas, regularizing new slum settlements, and providing water connections to high-rise buildings. The amendment to the Land Allotment Policy of 2015 will facilitate the construction of student hostels, while the approval of the Rajasthan Laws Repeal Bill, 2023, will abolish outdated laws.Read more

PNT Reporter

25 Apr 2023

The Karnataka HC ruled that lease agreements for tenancy periods of more than 11 months must be registered to be considered for rent enhancement. The decision came about after an appeal filed by Punjab National Bank was allowed, which dismissed the original suit filed against the bank by Srinivasa Enterprises. The unregistered lease agreement was only considered for collateral purposes and not for rent enhancement, as stated in the Registration Act. This ruling has significant implications for landlords and tenants who must comply with the act's provisions to avoid legal disputes in the future.Read more

PNT Reporter

25 Apr 2023

Maharashtra Real Estate Regulatory Authority (MahaRERA) has fined 12 developers a total of Rs5.8 lakh for publishing advertisements in newspapers without registration numbers. MahaRERA officials will now monitor social media platforms for advertisements without MahaRERA registration numbers, and developers breaching the rule will be penalised. The Real Estate Act requires any project with a land area of more than 500 square meters or eight flats to be registered with MahaRERA, and its registration number must be mentioned in advertisements of the project.Read more

PNT Reporter

25 Apr 2023

The Indore Development Authority (IDA) has allocated 138 flats in Scheme 155 through a lottery system, with a total of 808 ready-possession flats available in buildings designed for low and middle-income groups. The flats are located in the heart of the city and the complex features three gardens, lifts, and covered parking. The starting prices for the flats range from INR 9.74 lakh to INR 20.09 lakh. The remaining flats will be allocated through the same process in the next six months.Read more

PNT Reporter

24 Apr 2023

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued a notice to M3M India for allegedly promoting and marketing units in a Noida project without registering it with the authority, violating the RERA Act. The authorities have warned the promoter of facing imprisonment if advertisements for unregistered project is not discontinued immediately. M3M India has responded by stating that the campaign is an extension of their corporate campaign to bring awareness about their presence in the city and that they are committed to operating on the principles of corporate governance and ethics.Read more

PNT Reporter

24 Apr 2023

The Delhi High Court has asked the Indian Government to respond to a plea seeking the linking of citizens' immovable and movable property documents with their Aadhaar numbers to reduce corruption, black money generation, and 'benami' transactions. The petitioner argues that linking property with Aadhaar will increase annual growth, clean out the electoral process, and prevent illegal activities like terrorism, naxalism, and gambling. If implemented properly, it could have a positive impact on the Indian economy and social and political issues.Read more

PNT Reporter

24 Apr 2023

Karnataka’s High Court has ruled that in property ownership disputes, the title of a party must be adjudicated based on title documents rather than revenue records. The ruling came after Thammaiah, who had purchased farmland in Tumakuru district in 1972, lost his case in the trial court and appeal proceedings against Puttaiah who had later purchased the same land. The judge presiding over the appeal pointed out that the lower courts had given too much importance to revenue entries and failed to consider the title documents that confirmed Thammaiah's ownership of the property. The ruling emphasizes the importance of proper documentation in property ownership disputes.Read more

PNT Reporter

21 Apr 2023

The Indore Development Authority (IDA) board of directors has formed a committee to review the pending lease renewals of approximately 10,000 plots in Scheme-78 Aranya. The IDA also discussed the proposed master plan of Indore, approving several construction projects, including the development of a sports complex and a swimming pool. They have also resolved to develop four new development schemes in the current financial year.Read more

PNT Reporter

21 Apr 2023

The Public Health Engineering Department (PHED) minister in Rajasthan, India has released a policy for providing water connections to multi-storey buildings in urban areas. The policy will be applicable across all urban areas and provide relief to over 25 lakh families. Domestic drinking water demand will be calculated based on the carpet area of the building, and the cost of infrastructure to be set up by PHED will be a one-time fee. The remaining 75% of the one-time fee will be payable along with the water consumption bill in 60 equal instalments with 9% simple interest per year.Read more

PNT Reporter

21 Apr 2023

A court in Cuttack, Odisha has granted permission to the state government to confiscate properties worth Rs 6.5 crore owned by the Rose Valley chit fund company under the Odisha Protection of Interests of Depositors (in Financial Establishments) Act (OPID), 2011. With this latest attachment, the government has confiscated assets worth Rs 101 crore of the chit fund company in the state. The Rose Valley Group is accused of cheating investors of about Rs 17,000 crore in the country, with nearly Rs 450 crore in Odisha alone.Read more