Homebuyers in Gurugram's Greenopolis project are demanding updates and prompt possession of their long-delayed flats, which have faced an eight-year delay. In a protest held earlier this week, they urged developer Orris Infrastructure to expedite completion, particularly for phase-1 apartments, and to swiftly progress phases 2 and 3. However, Orris has pointed to pending Supreme Court proceedings related to the project and requested patience from the homebuyers. The project's history involves legal disputes between Orris and Three C, the original builder, and Orris has offered possession to some buyers. The pending Supreme Court decision will be crucial in resolving the situation and addressing homebuyers' concerns.Read more
The Gujarat High Court has questioned the invocation of the Land Grabbing Act against long-term tenants who have been in possession of the land since 1975. The court directed the Ahmedabad district collector to explain how a committee under her authority endorsed an FIR against the tenants, stating that it appears to be a misuse of the law. The proceedings on the FIR filed by Narol police against the tenants has been stayed. This development is part of a series of petitions challenging the provisions of the 2020 anti-land grabbing law, with the court seeking a personal affidavit from the district collector in this particular case.Read more
The Bhubaneswar Development Authority (BDA) has raised concerns by granting occupancy certificates (OCs) to only 5% of approximately 1,000 buildings constructed in the city over the past five years. The low rate of OC issuance highlights concerns about the safety and adherence to regulations in numerous structures throughout Bhubaneswar. Additionally, allegations of BDA granting approvals for building plans within the jurisdiction of the Bhubaneswar Municipal Corporation (BMC) have raised questions about urban planning and governance in the city. Clarification of authority and adherence to established norms are essential for sustainable urban development.Read more
The Tamil Nadu Urban Habitat Development Board (TNU HDB) has initiated a substantial housing project in Chennai, symbolized by Minister Udhayanidhi Stalin laying the project's foundation stone. With an investment of Rs. 409.74 crore, the project aims to construct 1,800 houses, providing shelter to the economically disadvantaged. TNU HDB has already demolished 7,582 dilapidated houses to pave the way for 9,522 new homes, marking a budget of Rs. 1627.97 crore. This endeavour signifies the government's commitment to affordable housing solutions and community welfare, with expedited construction to swiftly address housing needs in the region and uplift the less fortunate.Read more
Thane's Civic Commissioner, Abhijit Bangar, has issued a strong warning to municipal staff and a private electricity provider regarding their accountability in facilitating water and power connections to illegal construction projects in Kalwa, Mumbra, and Diva. This move comes in response to discussions surrounding the issue of illegal constructions in Thane, particularly in its suburbs. The warning emphasizes adherence to state regulations and court directives that prohibit essential facilities for unauthorized structures. The civic administration has cautioned its staff and alerted the Torrent power company about their responsibilities in this regard, aiming to prevent a recurrence of incidents like the Lucky compound incident.Read more
The Gujarat government has introduced a new policy for property transactions, enhancing privacy and security by requiring only the last four digits of Aadhaar card numbers to be mentioned in property documents. Full Aadhaar card copies will be retained in sub-registrar's offices for record-keeping purposes. Previously, both parties and witnesses in property transactions were required to provide copies of their Aadhaar cards, but this change separates the Aadhaar information from property documents to reduce the risk of identity theft and unauthorized access to sensitive financial data. The move underscores the government's commitment to safeguarding citizens' personal information and the integrity of the Aadhaar system.Read more
The Securities and Exchange Board of India (SEBI) has imposed a 6-crore penalty on former DHFL (Dewan Housing Finance) promoters, including Kapil Wadhawan and others, for violating disclosure norms. This penalty comes after allegations that the promoters misled shareholders by misrepresenting their holding in DHFL and failed to disclose three companies with substantial holdings in DHFL. SEBI found that these entities were in violation of the Substantial Acquisition of Shares and Takeover (SAST) rules, as they did not make the necessary disclosures regarding their shareholding and voting rights from 2008 to 2011. They have been given 45 days to pay the fine.Read more
The Vijayawada Municipal Corporation (VMC) has taken swift action following the arrest of two individuals involved in a fraudulent housing scheme. The incident unfolded when a plastic scrap trader, Rama Rao, suspected a fake payment receipt issued by someone named Masthan, raising concerns among authorities. Masthan and Sk Shakeela, operating under the guise of having VMC connections, promised affordable housing in Jawaharlal Nehru National Urban Renewal Mission (JNNURM) houses, targeting small-scale businessmen and daily wage earners. After collecting nearly 19 lakhs from ten victims, their deceit was exposed, leading to their arrest. The VMC and police have urged residents to avoid intermediaries in housing allocations, emphasizing official procedures and vigilance.Read more
The Punjab and Haryana High Court has directed the Chief Secretary of Haryana to establish a mechanism preventing the registration of sale deeds for acquired land due to concerns regarding collusion between builders and the Department of Town and Country Planning. The court also instructed the Chief Secretary to requisition reports on acquired land, update revenue records, and make this information available to registrars and sub-registrars in Haryana. Additionally, an in-house inquiry has been ordered into the granting of licenses to private builders for developing residential colonies on government land, with a possibility of criminal proceedings against delinquent officers if required.Read more
Chandigarh's Estate Office has been tasked with creating a detailed document that incorporates the Supreme Court's directives, recommendations from the Chandigarh Heritage Conservation Committee, and legal advice received thus far. The purpose of this document is to provide a comprehensive overview of the property registration issue. It will be shared with the administration, signalling a proactive effort to seek clarification on the matter. This step will lead the administration to address any uncertainties surrounding property registration, with a focus on transparency and adherence to applicable regulations.Read more