The Indian government is launching the PM Surya Ghar Yojna Scheme to install rooftop solar panels on all government buildings, aiming for 100% solarisation by December 2025. The Ministry of New and Renewable Energy (MNRE) has partnered with Tata Power Renewable Energy Limited (TPREL) for design and installation and NHPC Renewable Energy Limited (NHPC-REL) for project oversight. This initiative will harness clean energy, reduce fossil fuel reliance, lower carbon footprints, and cut costs. The scheme underscores the government's commitment to renewable energy and sets a strong example for businesses and individuals, promoting a nationwide shift towards solar power.Read more

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has recently assigned unique QR codes to approximately 1 lakh registered real estate projects in the state. These QR codes link directly to detailed project information on the UP-RERA portal, allowing homebuyers to access essential details including land documents, project layouts, timelines, and amenities by scanning with a smartphone. This move enhances transparency and empowers buyers to independently verify project details, avoiding reliance on potentially misleading developer information. Developers must now include these QR codes in all documents and promotional materials, ensuring a more informed and secure property investment process.Read more

The Enforcement Directorate (ED) has seized a plot valued at INR 300 crore from M3M Real Estate in Gurugram as part of a money laundering investigation linked to politician Bhupinder Singh Hooda. The 88.29-acre land in Basharia village is implicated in alleged fraud involving undervalued land acquisitions and manipulative practices. The probe reveals that Hooda and associates, including RS Infrastructure Pvt. Ltd., used deceitful methods to acquire land below market value, resulting in financial gain and losses for landowners. M3M disputes the claims, arguing that the seizure overlooks their legitimate business practices and economic contributions.Read more

The Bombay High Court has asked seven members against redevelopment of Taruvel CHSL building to vacate their flats or pay INR 5 lakhs within two week. When 8 out of 84 members refused to vacate their flats, DEM Homes LLP took the matter to the court, after which one vacated his flat. Advocates of the members clarify that the developer is not willing to provide them with permanent alternate accommodation while the developer advocates argue that an agreement will be executed with them and treat them equally. The Justice Doctor said that the argument presented by the member is incorrect.Read more

The Kolkata Municipal Corporation (KMC) plans to amend building regulations to prevent the legalisation of unauthorised constructions exceeding 10% of the permitted area. Mayor Firhad Hakim announced a strict stance against illegal buildings, allowing minor regularisation but not for significant plan changes. A senior KMC official highlighted the difficulty of dealing with buildings where entire floors were added without approval. Following a tragedy in Garden Reach, KMC withheld completion certificates for many new buildings due to rule violations. Hakim urged the police to take quicker action against unauthorised constructions and called for a ward-wise campaign to inform citizens about new rules. The KMC aims to ensure strict adherence to building regulations and promote safer, more orderly development in Kolkata.Read more

The Securities and Exchange Board of India (SEBI) will auction nineteen properties from seven companies on August 12 to recover funds illegally collected from investors. The companies include Mangalam Agro Products, Sun Plant Business Ltd, and Sumangal Industries. Other firms involved are Sunheaven Agro India, Ravi Kiran Realty India Ltd, Jivan Sathi Dream Projects, and Purusattam Infotech Industries. The properties, located in West Bengal and Odisha, have a reserve price of INR 20.74 crore. The online auction will be conducted from 11 am to 1 pm, assisted by Adroit Technical Services. SEBI advised bidders to verify property details independently.Read more

The Haryana Cabinet, led by Chief Minister Nayab Singh Saini, approved the 'Mukhya Mantri Shehri Awas Yojana' to provide affordable housing for economically weaker sections. The scheme aims to offer housing to 100,000 families with annual incomes up to INR 1.80 lakh. Eligible families will receive 30 square-yard plots to build homes, integrated with the PMAY-U scheme. Financial aid includes subsidies, loans, and interest subventions. Additionally, the state will implement the Mukhya Mantri Gramin Awas Yojana (MMGAY) for rural residents, offering financial assistance for purchasing residential plots and ensuring affordable housing in both urban and rural areas.Read more

The Maharashtra Government unveils plans to construct 1,056 new homes in Nakshatrwadi under the Pradhan Mantri Awas Yojana (PMAY), aimed at providing affordable housing. Concurrently, 1,133 homes and 361 plots have been allocated across various districts including Chhatrapati Sambhaji Nagar, Latur, Jalna, Nanded, Hingoli, Parbhani, and Dharashiv through MHADA's housing schemes. A computerised lottery ensured fair distribution, with Suresh Bansode winning 425 PMAY homes in Chhatrapati Sambhaji Nagar. State Housing Minister Atul Save highlighted modern amenities comparable to private developments in Nakshatrwadi, reinforcing the government's commitment to quality housing. Details on amenities and construction commencement are forthcoming, with a bhoomipujan anticipated soon. This initiative underscores Maharashtra's proactive approach to addressing housing challenges through PMAY.Read more

The Andhra Pradesh government, under Chief Minister N Chandrababu Naidu, has repealed the Land Titling Act of 2022, citing public and media concerns. The new policy includes a free sand program for construction projects, benefiting those with investments over INR 5 crore (USD 600,000) or projects of more than 500 units. This initiative aims to alleviate construction costs and will be in place until a permanent sand distribution system is developed. Additionally, the Civil Supplies Department will secure INR 2,000 crore (USD 24 million) in loans for grain procurement, and further details are being sought from the Agriculture and Cooperation Department.Read more

An elderly couple in Delhi, Monica Gogiya and her husband, are embroiled in a legal battle after a real estate deal with Shaili Thapar and his son, Sahir Thapar, went awry. The Gogiyas allege that they agreed to sell part of their Vasant Kunj farm to Thapar for INR 38 crore, but Thapar registered the entire 36,000-square-foot property in his name after paying only INR 10 crore. Despite attempts to halt the registration, the property was transferred on February 23rd. The Gogiyas claim Thapar, with hired goons, forcibly took over their property on March 8th. Thapar, however, asserts the agreement stipulated full payment by February 10th and denies any wrongdoing. The Delhi High Court has temporarily restrained Thapar from obstructing the Gogiyas' access to their property and halted further construction until the case is resolved. This case underscores the risks elderly individuals face in real estate transactions and the need for clear contracts and legal advice.Read more