The Maharashtra Real Estate Tribunal (MREAT) has revised a previous order by MahaRERA, granting home buyers the right to receive interest on their payments and refunds of additional fees. MREAT directed a developer to compensate home buyers by refunding the statutorily mandated payments and paying interest from the date of deposit. The tribunal rejected the relief granted to the promoter regarding the Covid moratorium period, emphasizing that interest serves as compensatory remuneration for buyers enduring possession delays. MREAT's judgment referenced Supreme Court rulings and relevant legal provisions, affirming the purpose of interest as fair compensation for the utilization of funds.Read more

The Ahmedabad Urban Development Authority (AUDA) has unveiled an audacious plan to auction eight prestigious plots worth Rs 561.28 crore. These prime lands are located in Chandkheda, Bopal, Vejalpur, and Manipur-Godhavi. The auction offers an exceptional opportunity to acquire these sought-after properties at a significant discount. The event is scheduled for June 30th and July 1st, following a meticulous evaluation by the Land Disposable Price Fixing Committee. AUDA's decision to auction these plots comes after the state government doubled the Jantri rates.Read more

Haryana Urban Development Authority (HUDA) has identified two potential sites for a slum rehabilitation project in Panchkula. The initiative aims to provide one marla plot or flat to each slum dweller in the area. HUDA has earmarked a 40-acre tract in Khark Mangoli village and 20 acres in Sector 20 for the project. The plan has been shared with Haryana Assembly speaker Gian Chand Gupta and will be presented to Chief Minister Manohar Lal Khattar for final approval. The project aligns with the objective of eradicating slums and providing adequate housing to economically disadvantaged residents.Read more

The allotment process of the Blossom Greens project by real estate firm Logix Infratech has come under scrutiny following the release of an independent audit report. The report suggests potential malfeasance in the allocation of 261 apartments to Anand Kumar, brother of the former Chief Minister of Uttar Pradesh, and his wife, Vichiter Lata. Furthermore, allegations of irregularities in the allotment process, including the allocation of units already in possession of third parties, have been raised. Anand Kumar and Logix Group have denied the allegations, while investigations are ongoing.Read more

The Bombay High Court has authorized MHADA to take action against nine unauthorized commercial structures in Kannamwar Nagar, Vikhroli (East) due to concerns about the risks posed by a deteriorating building. The residents of Sai Vihar CHSL filed a petition urging MHADA to remove the encroachments and facilitate redevelopment. The court highlighted the urgency of the situation, granting MHADA permission to proceed with the eviction process. The society's members expressed their willingness to vacate the premises, provided they are given transit rent. The court directed the members to negotiate terms with the builder, subject to MHADA's approval.Read more

The Department of Town and Country Planning (DTCP) in Gurugram has requested tehsildars of all eight tehsils to share data on registries of builder floors executed after the implementation of the self-certification scheme seven months ago. The scheme allowed architects to issue occupation certificates (OCs) to buildings. However, the DTCP received information that some property owners and architects obtained registries without submitting the OC file. In response, the DTCP has circulated a standard operating procedure to issue OCs under self-certification for residential units within licensed plotted colonies.Read more

A group of developers in Noida, Uttar Pradesh, has been fined for illegally extracting groundwater without permission for their construction projects, in violation of the Uttar Pradesh Ground Water Act, 2019. The violation came to light after a resident filed a petition expressing concerns about groundwater depletion. A survey conducted by the authorities confirmed the unauthorized extraction by 13 developers, leading to fines of Rs. 5 lakhs each and the sealing of borewells. Groundwater levels in Noida and Greater Noida have significantly dropped over the past decade.Read more

A developer has lodged a complaint against a presiding officer of the Rajasthan Real Estate Regulatory Authority (RERA) court, accusing them of biased behavior and favoritism. As a result, the RERA court has declared the developer as non-compliant for failing to adhere to its previous orders and has summoned the directors of the builder group and their chartered accountants for a hearing. The complaint was originally filed by an aggrieved party seeking a refund for non-delivery of a residential project, and despite a court order, the builder group failed to comply, leading to further legal action.Read more

The CHB is launching a new e-auction for residential and commercial properties. It includes 40 residential freehold properties and 88 commercial leasehold properties. Bidding starts on June 14 and ends on July 5. The CHB has added eight residential properties since the previous auction. The properties range from two-bedroom EWS units to high-end houses. Recent auctions have had mixed success rates. The CHB aims to provide a transparent process for buyers and promote access to quality properties in Chandigarh.Read more

In a bid to address the issue of over 23,000 flats being handed over without proper registration, the stamp and registry department in Noida has taken action against 66 builders. Notices have been issued, warning of legal consequences if the flats are not registered within a month. The district magistrate held a meeting on June 16 with developers and Noida Authority representatives to discuss the reasons behind the oversight. The authorities aim to safeguard property rights and prevent revenue losses. Efforts are underway to expedite the registration process and raise awareness among buyers.Read more