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The Ahmedabad Municipal Corporation (AMC) is set to implement a groundbreaking reform by offering its newly built properties for direct sale instead of the customary 99-year lease, thereby avoiding the 18% Goods and Services Tax (GST) levied on property auctions based on lease deeds. The move comes after the AMC faced a hefty GST payment of Rs 36 crore on an auctioned property valued at Rs 197 crore. The shift aligns with industry trends and may have implications for other municipal corporations in the country.Read more
In response to the National Green Tribunal's recent environmental clearance cancellation for Technopark Phase-3's expansion, the Kerala government insists the land in question is not a wetland. Using classifications from the acquisition notification, government reports, and satellite images, the authorities argue the land is a long-idle paddy field. Insiders suggest an appeal may be filed following the ruling. The focus is now shifting to the project's cumulative impact assessment.Read more
Mumbai's plan to rejuvenate ageing buildings on collector lands faces fresh hurdles due to new state regulations. The 8,000 housing societies constructed 50-60 years ago must now ensure 20% OBC membership in new flats, with premiums determined by the government. Existing battles to reduce ownership land premiums add to the struggle. With threats to cast 'None of the Above' votes in upcoming elections, urgent resolution is needed to ensure the safety of 800,000 families and the continuity of Mumbai's urban regeneration.Read more
In an ongoing high-profile Jharkhand land fraud case, the Enforcement Directorate (ED) has presented its initial chargesheet in a special court, implicating ten individuals, including IAS officer Chhavi Ranjan. The case centres around the fraudulent seizure and sale of two land parcels, together worth Rs 74.39 crore. The ED's investigation, stemming from a complaint by the Ranchi Municipal Corporation, has unveiled extensive evidence of forgery and corruption. The chargesheet marks the first formal step towards justice in this grim demonstration of money-laundering and corruption.Read more
Environmentalists in Ghaziabad, represented by Prasoon Pant and Pradeep Dahlia, have filed a petition against 21 establishments, including malls, hotels, and banquet halls, for operating without obtaining the necessary No Objection Certificate (NOC) from the state pollution control board. Following a hearing, the National Green Tribunal (NGT) issued notices to the Central Pollution Control Board (CPCB) and the Uttar Pradesh Pollution Control Board (UPPCB) to respond to the allegations. The case is scheduled for further proceedings on July 6.Read more
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The Vadodara Municipal Corporation (VMC) has issued a public notice asking beneficiaries of housing schemes in the city to clear pending dues totaling over Rs 100 crore. The notice applies to 24 housing schemes, and beneficiaries have until June 30 to repay their outstanding amounts. Failure to do so will result in the cancellation of house allotments. The VMC aims to recover funds and ensure the sustainability of housing projects. Beneficiaries have a designated period from June 13 to 16 to communicate with the VMC and address any concerns regarding their outstanding dues.Read more
The Calcutta High Court has ruled that buying property in a wife's name by the husband does not always indicate a benami transaction, stating that the source of funds is important but not decisive. The court clarified the two types of benami transactions and emphasized that the burden of proving a transfer as benami lies with the accuser. In a specific case, the court dismissed a son's claim that his father had engaged in a benami transaction by giving a property to his mother. The ruling provides clarity on the matter and highlights the need to consider various factors when determining the nature of a property transfer.Read more
MahaRERA has received 39 applications for deregistration from developers of real estate projects in Pune, out of a total of 88 requests received from various regions. Developers cite reasons such as insufficient funds, legal disputes, and changes in government planning regulations. Majority of the projects seeking deregistration are located in rural areas of Pune. MahaRERA has set requirements for developers to meet before halting construction, including settling allottees' rights and providing relevant documents.Read more
The Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) has made a recommendation to the state government regarding the registry of flats in completed real estate projects. The suggestion is to delink the registry process from the outstanding dues that builders owe to the Noida and Greater Noida authorities. This proposal aims to provide relief to homebuyers who have been waiting for the registry of their flats due to a stalemate between the development authorities and builders over Rs 39,000 crore land dues.Read more
Haryana's Department of Town and Country Planning (DTCP) has mandated tehsildars to halt property registration in 50 unauthorized colonies, built illegally on agricultural land over the past five years. In enforcing compliance with the Haryana Development and Regulation of Urban Areas Act, 1975, the DTCP has issued show-cause notices and carried out demolitions in these areas. Amid potential legal consequences for landowners, the DTCP urges prospective buyers to conduct thorough investigations before investing in properties.Read more
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