In the wake of the National Green Tribunal (NGT) revoking Technopark Phase 3's environmental clearance, the State Environment Impact Assessment Authority (SEIAA) is seeking legal advice for a potential appeal. The move comes as SEIAA maintains that due procedures were followed in granting clearance to Dragonstone Realty Private Limited's mixed land-use project. Amid this legal imbroglio, SEIAA has also urged the project proponent to conduct a cumulative impact study to identify and mitigate any adverse environmental impacts caused by the project.Read more

The Mohali Development Authority has taken steps to ensure fairness and transparency in the allocation of plots under its jurisdiction. To achieve this, the authority has organized a plot numbering draw, aiming to streamline the allocation process. In addition, the authority has extended relief measures for allottees of the IT city. As per the latest announcement, allottees wishing to avail benefits must submit a "no dues certificate" within a three-month period. This requirement aims to streamline procedures and promote accountability in plot allocation.Read more

Experts are expressing concerns over a potential policy change that would make first-floor slum dwellers eligible for slum rehabilitation schemes. Without strong regulation, this change could lead to a surge in the construction of new first-floor slum tenements. Builders may benefit from selling almost double the area with only a marginal increase in costs. The policy alteration, expected to be released before the upcoming BMC elections, aims to boost stalled Slum Rehabilitation Authority (SRA) projects. While the intention is to provide housing for the urban poor, there is a risk that the scheme could inadvertently promote slum development.Read more

The Madras High Court has lifted a previous stay on the state government's plan to establish Tidel Park near the MGR Bus Stand in Madurai. The decision comes after a petition was filed by the traders' association seeking the implementation of a 2010 Government Order (GO) for a market. The court vacated the interim injunction, allowing the government's proposal for Tidel Park to proceed. The court has also requested a response from the agriculture departments regarding the 2010 GO. The decision paves the way for the realization of the business park in Madurai.Read more

The Noida Authority has launched two Group Housing Schemes in sectors 43 and 44, offering prime plots through an e-auction process. The plots measure 13,800 and 41,145 square meters and interested parties must register by June 30. A non-refundable processing fee of Rs 20,000 per plot is required for participation. The Authority aims to develop group housing projects in these central Noida sectors and expects a high demand. Successful bidders must submit earnest money and pay the remaining land cost within 90 days.Read more

In a first-of-its-kind initiative, the Delhi Development Authority (DDA) is set to offer around 5,000 diverse category flats on a first-come, first-serve basis under its online housing scheme. The move, designed to make owning a flat more affordable and accessible, will also address demands for multiple home ownership for larger families. Depending on the demand, the DDA has plans to add more flats. The authority will also offer solutions for the residents of Signature View Apartments and intends to provide better living conditions for eligible slum-dwellers.Read more

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has issued a "public notice" to Investors Clinic, a real estate agent, for allegedly violating rules in promoting a Noida-based project by M3M Group. The notice was issued after Investors Clinic failed to attend a scheduled hearing on June 12, as instructed by UP-RERA. The agent was previously issued a show cause notice on June 3, requesting clarification regarding the promotion and publicity of the "M3M The Cullinan" project in Noida Sector 94.Read more

Operators of fractional property-ownership platforms in India have submitted suggestions to the Securities and Exchange Board of India (SEBI) regarding the regulation of online platforms offering fractional ownership of real estate assets. Their recommendations include allowing investments in under construction assets, reducing experience requirements, granting more time for platforms to transition, and exempting luxury residential properties from regulations. These suggestions aim to enhance investor returns, ensure commercial viability, and improve governance in the sector.Read more

The Vadodara Municipal Corporation (VMC) is set to decide on disciplinary action against officials involved in a housing scheme scandal. It was discovered that a list of beneficiaries had been forged and houses were allocated to individuals not selected in the original draw. An inquiry revealed that an operator changed the lists under an executive engineer's instruction. A report has been submitted, and the VMC's standing committee will determine the appropriate action against the executive engineer.Read more

PNT Reporter

Visakhapatnam authorities are gearing up for land pooling in preparation for the "Housing for Poor" initiative. Over 770 acres of land have been identified across various villages. Grama Sabhas was conducted from June 12 to June 18 at Panchayat Offices for public opinion. Objections can be lodged at the Land Protection Cell Deputy Tahsildars' offices until July 4. The notification states that 771 acres will be acquired, with Anandapuram (401 acres), Visakha rural (118 acres), Padmanabham (116 acres), and Bheemili (135 acres) mandals being the major areas.Read more