The West Bengal Housing Infrastructure Development Corporation (WBHIDCO) has introduced a policy change in New Town, allowing cooperative societies to transfer membership without requiring prior permission from the organization. This policy revision applies to housing societies that have been allocated freehold or leasehold plots for apartment construction. The move simplifies administrative procedures, giving cooperative societies more autonomy and reducing bureaucratic hurdles in managing their memberships in line with the West Bengal Cooperative Societies Act.Read more

MahaRERA, the Maharashtra Real Estate Regulatory Authority, is taking a proactive approach to enhance the quality of real estate construction in the region. The regulatory body is developing a comprehensive framework for quality assurance reporting, aiming to prevent defects from occurring in realty projects thereby benefiting both developers and homebuyers. MahaRERA seeks to engage all stakeholders, including developers, to create a collaborative atmosphere prioritizing quality and consumer satisfaction. By proactively enforcing rigorous standards and transparency, the regulatory authority aims to reduce defects and potential disputes in the post-possession phase.Read more

The commencement of the model code of conduct for the upcoming assembly elections in Telangana has had a noticeable impact on property registrations, particularly within the Hyderabad Metropolitan Development Authority (HMDA) limits. Many real estate developers, buyers, and investors are choosing to postpone property transactions until after the elections due to concerns about potential risks associated with carrying large sums of cash during heightened police checks. Additionally, inauspicious days in this month have contributed to the decline in property registrations. As a result, officials have observed a drop in property registrations and revenues compared to the previous year, affecting both urban and agriculture land transactions.Read more

In August, the Pioneer Cooperative Housing Society (CHS) located in Panvel, India, lodged a formal complaint with the local police, bringing to light a disturbing incident. They revealed that an astonishing six out of their ten flats had been fraudulently sold and registered without their knowledge or consent. This shocking revelation uncovered a major property scam, totalling a significant value of Rs 4 crore. The authorities have been diligently investigating the matter for the past two months. Recently, a prominent Mumbai builder has been apprehended in connection with this alleged scam.Read more

The Yamuna Expressway Industrial Development Authority (YEIDA) has initiated a group housing plot scheme in Greater Noida's Sector 22-D. It plans to offer six plot categories through an e-auction on November 21. The application process, launched on September 28, requires submissions by October 27. Successful applicants will participate in e-auctions on November 21. The reserved prices for the plot, including PLC, have been fixed between Rs 61.50 crore to Rs 135.3 crore, with registration amounts between Rs 6.15 crore and Rs 13.53 crore. YEIDA's website provides details on vacant plots, including area, sector, allocation rate, and reserved prices. ICICI Bank is the exclusive banking partner for the project.Read more

The Noida district administration is taking proactive steps to address the strain on its existing sub-registrar offices due to the surge in property transactions. The revenue department has proposed establishing two additional sub-registrar offices in Greater Noida and Dadri to expedite property registration processes. Currently, these offices are overwhelmed, with daily registrations far exceeding capacity, leading to delays and potential errors. To streamline the process, the revenue department plans to hire additional helpdesk staff to assist the public and maintain the accuracy of documentation. The move anticipates and responds to the evolving landscape of property transactions in Noida, enhancing the overall experience for registrants.Read more

The Bombay Development Directorate (BDD) chawls redevelopment project now has a revised completion date of 2026, following a recent site visit by MHADA vice-chairman Sanjeev Jaiswal. The project encompasses three locations, including NM Joshi Marg, Naigaon, and Worli, spanning 12 acres. Originally constructed by the British over a century ago, the chawls consist of 160 square feet houses with shared restroom facilities. The redevelopment plan aims to provide tenants with 500 square foot homes, attached toilets, and numerous amenities in high-rise towers. Despite challenges and criticism, this ambitious project signifies a positive step towards modernizing the historic chawls and enhancing housing conditions in the area.Read more

In a significant development, Chief Minister Eknath Shinde has approved the allocation of ownership flats to over 4,700 government employees residing in Bandra (East), Mumbai's government colony. This decision, following a meeting chaired by Shinde, aims to optimize land use by redeveloping the sprawling 90-acre colony. Roughly 10 acres will be designated for a slum rehabilitation scheme, benefitting both slum dwellers and government employees in Class II and III categories. Additional ownership flats will be provided to Class IV employees within the 12 buildings slated for redevelopment. While facing some criticism, this proactive approach addresses Mumbai's housing challenges and promotes equitable urban development.Read more

The Children Welfare Centre (CWC), a prominent educational institution in Mumbai's western suburbs, is facing investigation over the alleged misuse of land plots leased to them by the BrihanMumbai Municipal Corporation (BMC). Accusations include sub-leasing to a national school chain, charging excessive fees, unauthorized constructions, and Coastal Regulation Zone (CRZ) violations. An MLA has filed a complaint, urging the cancellation of permissions granted to CWC. Preliminary inspections revealed unauthorized construction and other concerns on CWC properties. CWC's principal has refuted the allegations, insisting their educational expansions adhere to lease terms.Read more

Following two building collapses in Dombivli, the Kalyan-Dombivli Municipal Corporation (KDMC) has established a Specialized Survey Team. Tasked with identifying potentially hazardous structures, the team aims to prevent further incidents. One of the recent collapses involved a building not previously marked as dangerous, highlighting the need for this initiative. The team has been formed in all 10 KDMC wards and it comprises experts from various departments. They will conduct thorough assessments and report daily findings, ensuring the safety of Dombivli residents.Read more