The Tamil Nadu Urban Habitat Development Board (TNUHDB) is overseeing the finalization of the Manjalmedu apartment complex in Madurai, replacing previous slums demolished in October 2020. Pandemic-related disruptions and funding challenges slowed construction on the 2.5-acre site, featuring 320 individual residences measuring 400 square feet each. The State government has committed to subsidizing the project, with contributions from both State and Central governments, and beneficiaries. A completion date of October 23rd is anticipated. The TNUHDB is also constructing another 396-unit apartment complex in Subramaniyapuram, spanning 1.43 acres, aimed at improving living conditions for low-income families and government employees.Read more

Chandigarh's property landscape is set for transformation with two ground breaking policies on the horizon. The UT administration plans to introduce policies allowing the conversion of leasehold properties to freehold and changes in land use. The conversion policy will let commercial and industrial plots become freehold properties through a conversion process, while the land use conversion policy will shift industrial plots to commercial zones, enabling business-to-consumer activities. The draft CLU policy is close to completion and has involved stakeholders' input. These policies mark significant shifts, aimed at shaping Chandigarh's real estate and economy, guided by meticulous planning and stakeholder engagement.Read more

According to the latest SRA circular, new proposals from developers, firms, and their associates with outstanding transit rent payments will not be considered until all outstanding dues are settled. The directive highlights a strict stance against defaulting parties, emphasizing the need for clearances on all dues before new projects are accepted. The move follows court pressure and the SRA's pursuit of overdue rent payments from around 150 builders involved in 150 projects. Builders who fail to provide project-affected persons' tenements also face proposal rejection.Read more

The State Real Estate Appellate Tribunal (BREAT) in Bihar has ruled that the Real Estate Regulatory Authority (RERA) lacks the autonomy to appoint "officers and employees" without collaboration with the state government. The verdict emerged from an appeal by a developer contesting an execution order involving a property transfer. BREAT highlighted RERA's inability to function like a private company. The ruling, specific to Bihar, could potentially influence similar appointments by RERAs nationwide. BREAT labelled the appointment of a senior legal consultant "illegal" and called for the verdict's dissemination to address the issue, shedding light on RERA's powers and government involvement.Read more

Streamlined process enables citizens to secure building permits for residences and small commercial properties under 500 sqm in Mangaluru without MCC office visits. Zonal commissioners will decide on applications using assistant town planning officers' reports, within 15 days, via Nirman 2 online software. Joint commissioner oversight ensures efficacy. Around 150 monthly applications are anticipated. Previously, only the MCC commissioner handled applications exceeding 250 sqm. Public notice by MCC commissioner Anand CL cites system flaws and inconvenience as reasons for the change.Read more

The Kerala State Consumer Disputes Redressal Commission has sentenced a Chennai-based builder to six months of simple imprisonment for failing to comply with compensation orders to a petitioner. This marks the first instance of such legal action against a builder. The builder, Ajith Thomas Abraham, Managing Director of Southern Investment, refused to pay Rs 1.1 crore compensation to Cherukat Vijayakumar, who had suffered losses due to a fraudulent scheme. Despite repeated chances, the builder failed to fulfil his obligations, leading to imprisonment. This case underscores the commission's commitment to consumer rights and sends a stern message against non-compliance with consumer protection laws.Read more

The BDA is set to implement the BDA Property (Management and Allotment) Regulation, 2023, as they release the draft for public review. Citizens are encouraged to provide feedback and raise objections before the rule's official enforcement, expected upon publication in the Odisha gazette. The draft outlines dual allocation modes – lottery or auction – for housing projects. Notably, property owners in the city won't qualify for BDA property allotment. Registration with BDA, leading to a universal account number, is mandatory for their participation.Read more

Sushil Tikku and his wife achieved a significant victory against Ambika Realcon Pvt Ltd in a case that could impact homebuyers dealing with real estate companies. The consumer commission ruled that Ambika Realcon must pay the Tikku family Rs 1 lakh for cancelling their flat allocation despite receiving over 80% of the payment. An additional Rs 35,000 was awarded for legal costs. The company defended its actions, claiming payment inconsistencies from the Tikku family, but the commission sided with the buyers. The ruling not only orders the flat to be reinstated within six months, provided the remaining payment is made, but also sends a strong message about accountability in real estate transactions, safeguarding buyers' rights and enforcing commitments.Read more

A pivotal meeting convened at Chandigarh's Hotel Mountview, presided over by UT Administrator Banwarilal Purohit, addressed concerns surrounding building regulations and water access in villages. Chandigarh Mayor Anup Gupta emphasized the need for tailored building bylaws, as the current regulations fail to accommodate the unique characteristics of villages. The Administrator's Advisory Council aims to create new regulations specific to villages and provide temporary water connections to residents outside designated zones. Challenges in obtaining construction permissions in villages were acknowledged, prompting the exploration of solutions and land allocation for development. This significant meeting involved presentations from specialized groups to ensure regulations and solutions align practically with village contexts.Read more

Lokesh M, the newly-appointed CEO of Noida Authority, met with over 24 real estate developers to address the whopping Rs 26,000 crore in pending dues and homebuyers' concerns. He has ordered swift action against defaulting builders, including issuing recovery certificates. Concerns about construction quality, parking, and waterlogged basements were also discussed. Builders have been given a deadline of August 26 to open escrow accounts as previously directed. This move underscores a commitment to transparency, accountability, and ensuring buyers receive quality homes.Read more