The Yamuna Expressway Industrial Development Authority dropped its appeal before the National Company Law Appellate Tribunal against an order that allowed Ace Infracity's bid for Three C Homes. This step resulted from developers' approval to compensate farmers. In January 2021, the YEIDA had canceled the land allotment that was challenged by Three C Homes before NCLT. In January 2023, the court restored land allotment and approved the resolution plan proposed by developers in June 2023. During the bid approval, the court noted that the developers had been approved by the Committee of Creditors, a decision that YEIDA challenged.Read more

The Haryana Real Estate Regulatory Authority (HRERA) has imposed a INR 5 crore penalty on Vatika Ltd for failing to register its Vatika India Next project within the mandated time frame under the Real Estate (Regulation and Development) Act 2016. Despite obtaining a licence in 2013, the developer did not register the project within three months of the Act's notification in 2017. HRERA's chairman, Arun Kumar, emphasised the importance of timely registration for ongoing projects, clarifying that registration is compulsory for projects without completion certificates before 2016. Vatika Group has acknowledged the penalty and committed to compliance with regulatory decisions, citing challenges with project details due to road development issues.Read more

The Supreme Court recently stayed a Gujarat High Court order to reclaim 108 hectares of grazing land allotted to the Adani Ports near Mundra port in 2005. The stay came after the Adani Ports appealed, arguing the High Court's decision violated natural justice by not hearing their counsel. The High Court's order followed a PIL by Navinal villagers, who claimed the land was a vital community resource. The state had promised additional grazing land, but it did not materialise, prompting legal challenges. Adani Ports contended that substantial investments and compensation were already made, and reversing the order would cause irreparable harm.Read more

Under Chief Minister Vishnu Deo Sai, the Chhattisgarh State Government plans to provide houses to over 47,000 homeless families identified in last year's socio-economic survey. Conducted from April 1 to 30, the survey covered 59.79 lakh families and revealed 47,090 homeless ones. These families, missing from the 2011 SECC's permanent wait list, will receive housing under the Mukhyamantri Awas Yojana (Rural). Registration for the scheme is extended to March 31, 2027. Additionally, the cabinet mandated all state departments to procure through the Centre's GeM portal, ending purchases via the Chhattisgarh State Industrial Development Corporation to curb corruption. These actions demonstrate the government's commitment to addressing homelessness and enhancing procurement transparency.Read more

The District Consumer Disputes the Redressal Commission in Ludhiana penalized the GLADA's chief administrator for failing to deliver a plot with a clear title and basic amenities to complainant Ms. Sushma Lata Bansal. Bansal was allotted a 95 square yard plot in the year 2019 and paid 25% of the cost. Despite this, GLADA did not provide essential services like water and roads and misled Bansal about the plot's legal status, which is sub judice. GLADA also ignored Bansal's requests for resolution and refund. The commission deemed GLADA's actions deceptive and its demand to deduct 10% of Bansal's deposit illegal.Read more

The Noida Authority plans to amend bylaws to prevent developers from constructing up to the maximum purchasable Floor Area Ratio (FAR) without prior approval. Developers currently build up to the basic FAR and later add floors, paying fines afterwards. Proposed measures include prohibiting construction up to purchasable FAR without permission and increasing fines from INR 200 to INR 2,000 per square metre. These changes aim to ensure compliance with approved plans, safeguarding green spaces, parking, and building standards. The amendments seek to regulate development practices, enhance project quality, and protect homebuyers' rights in Noida.Read more

The Uttar Pradesh government has amended its hotel building bylaws to boost tourism, simplifying regulations for establishing hotels on smaller plots. Key changes include removing the minimum land requirement for hotels with 6-20 rooms and halving the plot size requirement for larger hotels to 500 square metres. Hotels with up to 20 rooms can now be built on nine-metre-wide roads in residential areas. The amendments also mandate parking space and setbacks, ensure compliance with heritage site restrictions, and allow flexible design for larger hotels. These changes aim to attract investors, stimulate economic growth, and enhance the state's tourism infrastructure.Read more

The Telangana Government plans to raise INR 10,000 crore by converting unused industrial land for commercial or residential use, addressing the need for INR 40,000 crore to fund welfare schemes like Rythu Bharosa, loan waiver, and Rythu Bima. Many industrial plots with sale deeds before Telangana's formation remain unused, including 20%-30% in sick and closed industries. A market survey will determine the maximum rate per-acre, estimated at INR 10 crore. The policy will apply to all industrial units, with single-window clearance via TS-iPASS and TS-bPASS. This strategy includes both budgeted and off-budget borrowings, considering FRBM Act conditions.Read more

Supreme Infrastructure India Ltd. has taken a significant step towards financial recovery by filing a petition with the National Company Law Tribunal (NCLT) to approve a new debt settlement plan. The "Composite Scheme of Compromise and Arrangement" received 92% support from creditors, signalling strong confidence in the restructuring. Initially facing a debt of INR 2,200.36 crore, the plan reduces this burden by INR 1,736.36 crore, leaving a manageable INR 464 crore. The company aims to achieve a debt-free status by September 2024 through asset monetization, equity raising, and promoter contributions, marking a fresh start for future projects.Read more

The National Green Tribunal responded to Ludhiana residents' petition alleging municipal encroachment on green belts, ordering removal of constructions in Model Town Extension and Sarabha Nagar. The MC must comply under district magistrate supervision and submit reports within two months. A joint committee confirmed partial encroachments but no forest land encroachment. The NGT directed removal of identified encroachments, imposed environmental compensation, and emphasised adherence to city master plan provisions. The MC, awaiting the commissioner's return, plans further actions based on NGT directives amid scrutiny of green belt use and ongoing encroachments.Read more