The Thiruvananthapuram High Court has issued an interim stay, pausing the National Green Tribunal's (NGT) decision to revoke the environmental clearance for Dragonstone Realty Private Limited's mixed land use project at Technopark phase 3. The NGT's order not only cancelled the clearance but also imposed a Rs 15 crore penalty on the project. The stay, granted for a month in response to Dragonstone Realty's writ petition, provides relief against the NGT's verdict. The NGT had cited a project split violation in its decision, prompted by an appeal from environmentalist Thomas Lawrence. The stay offers temporary relief while further legal proceedings unfold.Read more

The Indian Supreme Court has taken action against delayed implementation of the Real Estate Regulatory Authority (RERA) in certain regions, issuing notices to chief secretaries. Justices Sanjiv Khanna and SVN Bhatti demanded explanations from Nagaland, Meghalaya, Sikkim, and Ladakh for failing to establish RERA. The move followed revelations that some areas hadn't established RERA or issued interim orders. Chief secretaries from other regions were also summoned to explain RERA's status. Affidavits detailing progress must be submitted within 60 days, and the matter will be reconsidered in January. The court highlighted RERA's importance, presenting data on registrations and resolved complaints.Read more

Prime Minister Narendra Modi has announced an impending government scheme aimed at empowering urban middle-class families in India to own their homes. During his address at the 77th Independence Day celebration, Modi revealed plans for a program offering significant financial assistance to families living in rented accommodations, unauthorized colonies, and makeshift shanties in cities. This initiative will provide relief in bank loan interest rates, amounting to several lakhs of rupees, enabling these families to build their own homes. The scheme is designed to complement the existing Pradhan Mantri Awas Yojana Urban (PMAY-U), which has already sanctioned housing for millions of urban poor residents.Read more

The Chandigarh Housing Board (CHB) is gearing up for a fresh e-auction of 28 freehold residential and 88 leasehold commercial properties, starting in late August. Notable offerings include a high-priced two-bedroom residence in Sector 51 A and various Economically Weaker Section (EWS) units. Recent auctions have seen a mix of success, with the CHB selling properties, particularly in the residential sector, while commercial properties have faced challenges. The CHB aims to attract buyers to a diverse range of properties, hoping to build on past achievements and overcome previous hurdles in the upcoming auction.Read more

Jharkhand's Chief Minister, Hemant Soren, unveiled the 'Abua Awas Yojna' on Independence Day, a Rs 15,000 crore initiative aimed at providing homes to the underprivileged in two years. Soren emphasized the government's commitment to strengthening the state, despite a lack of central support during droughts. He promised three-room houses for all residents and introduced the scheme to fulfill this. Other initiatives include job creation, youth skill training, self-employment loans, transparent competitive exams, agricultural projects, rural clean water goals, hydrogen engine plant plans, and cultural promotion. Soren's address showcased a comprehensive development approach, focusing on housing, employment, education, infrastructure, and cultural preservation.Read more

Madhya Pradesh CM Shivraj Singh Chouhan announced a housing scheme for the marginalized, aimed at comprehensive development. He set ambitious goals, including doubling per capita income by 2030 and elevating the state's economy. Chouhan assures pucca houses for all and launches the Mukhyamantri Jan Awas Yojana' for those left in the Awas Plus scheme. Chouhan emphasized achievements like expansive housing initiatives and skill programs, showcasing his commitment to uplifting Madhya Pradesh. He pledged to eradicate poverty, empower women, and advance agriculture. Chouhan's address reflects his determination to transform the state into a thriving, equitable entity.Read more

In a recent case, the 62-year-old secretary of Sewree's Lodha Aria Co-op Housing Society was acquitted by the magistrate's court due to the Brihanmumbai Municipal Corporation's (BMC) inability to prove allegations. The BMC accused the secretary of not properly maintaining a swimming pool on the building's terrace, resulting in leakage in the apartment below. The complainant lacked expert evidence or relevant documents to trace the leakage's origin. The court's judgment highlighted crucial points: no approved layout plan proving the pool's existence, and no society bylaws indicating liability for internal leakage. The absence of substantial evidence led to the secretary's acquittal.Read more

Haryana Chief Minister Manohar Lal Khattar announced the introduction of the Mukhya Mantri Awas Yojana (MMAY), aimed at providing housing benefits to economically disadvantaged families. Unveiled during a virtual discussion with beneficiaries of the Pradhan Mantri Awas Yojana (PMAY), Khattar revealed that the scheme targets to benefit around one lakh families across the state. A survey will be conducted to allocate plots or flats to families without homes. Additionally, Khattar confirmed that 15,000 families awaiting the third instalment of INR 50,000 under PMAY (Urban) will receive the funds by August 31. This initiative underlines Haryana's commitment to affordable housing and social welfare.Read more

In a proactive move, the UP government has initiated a pilot endeavour involving real estate giant Hawelia Group, which has assumed control of a 22-acre incompletely executed venture named Shree Radha Sky Garden in Greater Noida. Under this transition, the new developer is slated to complete and deliver more than 2,000 flats, exemplifying a promising step towards project revival and housing provision. The proposed co-development policy enables developers to seek market funding for project completion. The move aims to address the growing issue of stalled real estate projects in the region.Read more

Ludhiana Improvement Trust (LIT) has received responses from two firms each for constructing High Income Group (HIG) and Middle Income Group (MIG) flats in the Atal Apartment Scheme. HIG flats are bid at Rs 125 crore, MIG flats at Rs 70 crore. After about two weeks of technical and financial evaluation, pending final approvals, LIT aims to accelerate the project led by Chairman Tarsem Bhinder. The plan covers 8.8 acres, comprising 336 HIG, 240 MIG flats, a community centre, tower parking, and amenities. Construction starts after formalities. The project's cost is about Rs 224 crore, targeting flat possession in three years.Read more