08 Mar 2023

The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) is under investigation after allegedly transferring Rs 100 crore from a secret account to a group of builders based in Punjab. The account was initially created to hold unclaimed money from allottees, but it was then reportedly used to fund a private trust. The builders in question were allegedly involved in a land scam in Manesar, Haryana, and the funds were believed to have been transferred to them as part of a deal.Read more

08 Mar 2023

More than twenty tenants of a building in Bengaluru were forced to vacate their homes after Canara Bank acted against the owner of the building, they reside in. The bank has taken possession of the property due to the owner's failure to repay the loan taken against it. According to representative of Canara Bank, the owner Mr SM Shivanna, businessman from Tumakuru, availed a loan of Rs 6 crores from the bank in 2016 by giving the building as collateral for the same.Read more

08 Mar 2023

The beneficiaries of the Pradhan Mantri Awas Yojana (PMAY) scheme in Chandigarh will now have to pay monthly maintenance charges for their homes. The scheme, launched by the government to provide affordable housing to low-income families, has been a success in Chandigarh, but many of these families are now struggling to pay the maintenance charges, which range from Rs 1000 to Rs 2000 per month. The decision to charge maintenance fees was taken by the Chandigarh Housing Board (CHB), which is responsible for the implementation of the PMAY scheme in the city. The board has stated that the fees are necessary to cover the costs of maintaining the housing complexes, which include cleaning, security, and repair work.Read more

07 Mar 2023

The Bombay High Court has ordered two developers to pay transit arrears of Rs 11 crore to an SRA project in a suburb. The order came after a petition was filed by Shree Sai Pawan SRA CHS Ltd alleging that the appointed developers had not paid transit rent to them since 2019. Over 300 people are eligible to receive flats from the project, however more than 230 individuals have been left to take care of themselves without any transit rent. The court noted that the two co-developers are engaged in an ongoing arbitration and no work has been carried out at the site.Read more

07 Mar 2023

The Urban Development Department (UDD) of Maharashtra issued a government resolution (GR) last week stating that local planning authorities, including corporations, councils, nagar panchayats, and metropolitan planning authorities, must display the commencement certificate (CC) and occupancy certificate (OC) granted for new and upcoming real estate projects on their websites. The authorities must also inform the Maharashtra Real Estate Regulatory Authority (MahaRERA) regarding the sanctions and eventually integrate their websites with the MahaRERA website, all before March 31.Read more

06 Mar 2023

Investors caught up in the fraudulent schemes of PACL Group have been requested by the Securities and Exchange Board of India (SEBI) to present original investment documents to seek repayment. The investors have been given until 20th March 2023 to submit the documents with authorities. The committee has requested for authentic PACL registration certificates from qualified investors with claims between Rs 15,001 and Rs 17,000 whose applications have been satisfactorily vetted.Read more

06 Mar 2023

Earlier this month, the State Government of Gujarat approved eleven town planning (TP) proposals out of which nine are located in Ahmedabad. The cabinet also approved one TP programme each for the cities of Surat and Bhavnagar. 23,700 EWS housing units will be built as part of the proposals approved for Ahmedabad. 20.73 hectares have been set aside for additional public amenities, while 25.05 hectares have been set aside for gardens and parks. 3,300 EWS housing units would be built in Bhavnagar and 567 EWS housing units will be built in the Pandesara neighbourhood of Surat.Read more

03 Mar 2023

The Bombay High Court has expressed its disapproval of the Mumbai Metropolitan Region Development Authority (MMRDA) for giving only a two-day notice to a petitioner's family to vacate their tenement, which they had been allotted in 2017. The petitioner was told to vacate the alternative residence provided to him as part of a redevelopment project by MMRDA without any warning. The court's directed MMRDA to remove the lock they had placed on the room and to prohibit them from taking any coercive action until the next hearing on 16th March 2023.Read more

03 Mar 2023

A non-bailable warrant (NBW) has been issued against Surpreet Singh Suri, the promoter of Three C Shelters Private Limited, by a Delhi court, after he failed to appear in court for a hearing related to the delayed Greenopolis housing project in Gurugram. The project was launched in 2011 and was supposed to be delivered to buyers in 2015, but not a single unit has been delivered to date. The case is being heard in the Economic Offences Wing (EOW) of Delhi Police, and the next hearing is scheduled for August 29, 2023.Read more

03 Mar 2023

The Department of Town and Country Planning (DTCP) has suspended the licenses of three affordable housing projects in Gurugram, after the developer, Ocean Seven Buildtech, failed to comply with their terms and conditions. The licenses were granted to Ocean Seven Buildtech in 2016, 2018, and 2019 to develop Expressway Towers in Sector 109, Golf Heights in Sector 69, and The Venetian in Sector 70, respectively. However, the developer has failed to deliver the projects to date, triggering protests from the allottees.Read more