The Assam Real Estate Appellate Tribunal (AREAT) has emphasized that a builder's responsibility extends beyond the physical handover of a property to the buyer. In a recent ruling, the tribunal emphasized the importance of a complete transfer of property ownership through the execution of a Conveyance Deed involving all relevant parties. The decision reaffirms the significance of legal documentation, contractual agreements, and transparency in real estate transactions, providing protection to buyers and promoting fair practices within the industry.Read more

The Centre has given its approval to the state government's proposal to construct approximately 47,000 houses in Amaravati for weaker sections of society under the Pradhan Mantri Awas Yojana (PMAY). Each housing unit will receive a grant of Rs. 1.8 lakh from the Centre. Construction is scheduled to begin on July 8 and is expected to be completed within six months. This development follows legal disputes and allocation of house sites to underprivileged families in the R-5 zone of Amaravati.Read more

Mahira Homes faces legal action as the Department of Town and Country Planning (DTCP) in Gurugram orders a formal investigation into alleged forgery of documents. The city-based property developer, its subsidiaries, and associates are under scrutiny for submitting counterfeit plans to authorities. Despite previous blacklisting for similar fraudulent activities, the developer has reportedly not altered its practices. As a result, the DTCP has suspended Mahira Homes' licenses for a specific project and issued a show-cause notice, risking further punitive measures.Read more

The Union cabinet is on the verge of granting approval for an escalation in building misuse charges. The administration of Chandigarh, along with the Ministry of Home Affairs (MHA), has concluded the finalization of a comprehensive 'cabinet note' regarding this matter. This note outlines the proposed changes and seeks the cabinet's endorsement for implementing higher charges for building misuse. The imminent approval from the cabinet signifies that the increased charges will soon be enforced, potentially impacting individuals who violate building regulations in Chandigarh.Read more

The Ministry of Panchayati Raj in India launched the Svamitva scheme, which aims to provide rural residents with ownership rights through drone surveys and physical verifications. The scheme enables villagers to obtain legal proof of their residential assets, granting them access to bank loans and government benefits. The process involves conducting surveys, verifying property details, and generating unique property IDs. The scheme has been implemented in several states, and millions of property cards have been prepared for unregistered dwellings in rural areas.Read more

Earlier this week, the JMC-Greater administration in Jaipur successfully dispersed the first installment of Rs 30,000 to 110 recipients under the PM Awas Yojana (PMAY-Urban). Mayor Somya Gurjar emphasized the importance of female empowerment, urging beneficiaries to name their new homes after their daughters. The remaining 22 recipients are set to receive their initial payment soon. A forthcoming general body meeting will tackle previously stalled proposals and additional agenda points aimed at improving the city's living conditions.Read more

The Real Estate Appellate Tribunal (REAT) of Bihar has issued a directive to the state government, stressing the importance of comprehensive training for members of the Real Estate Regulatory Authority (RERA). The tribunal's order comes in response to concerns raised about the improper functioning of the authority, particularly regarding the registration of a commercial-cum-residential project without proper examination of authenticated documents. The tribunal highlights the need for RERA members to have a thorough understanding of the laws governing the real estate sector to improve the authority's functioning.Read more

The high court has strongly criticized officials of Canara Bank for disregarding established procedures and confiscating the payment made as part of a property sale without adhering to legal norms. The court emphasized that banks should not act as property dealers during debt recovery and should follow statutory provisions. The case involved Syed Hidayathulla, who approached the court after the bank rejected his refund request for the money paid in a property auction. Despite raising concerns and making additional payment within the extended period, the bank forfeited the amount.Read more

Three realtors from Chennai have been arrested by the Tirupur crime branch police for allegedly swindling two individuals out of 2.22 crore. The arrests were made based on a complaint filed by S Prakash, a realtor from Tirupur. The accused realtors had purportedly offered a plot of land for sale but provided incomplete documentation. The victims made the purchase and completed transactions totaling 1,22,79,000, along with a cash payment of 1 crore. The fraud was exposed when the genuine landowner presented legitimate documents.Read more

A case of alleged cheating and criminal intimidation has surfaced in Visakhapatnam, where the widow of an Army officer filed a complaint against the promoters of GCON BUILDER, a private real estate company. According to the complaint, the family had purchased a duplex flat from the builder, but the project was delayed multiple times without proper communication. Suspecting a discrepancy in the flat's actual area, the family consulted an architect who confirmed a significant difference. When the family confronted the builder, they were met with intimidation and threats. The complaint has been registered, and the police have initiated an investigation into the matter under relevant sections of the Indian Penal Code.Read more