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The Nagpur Metropolitan Region Development Authority (NMRDA) has launched the Gunthewari scheme 2.0, allowing for the regularization of over 1.5 lakh unauthorized plots. Owners of these plots can apply for regularization on the NMRDA's website from June 1 to August 31. The scheme aims to benefit financially backward individuals who have been waiting to build their dream homes. While the NMRDA will recover charges of ?56 per sq. ft, the expenditure for providing basic amenities will be higher. The scheme excludes certain areas and is expected to generate significant revenue for the NMRDA.Read more
Residents in multiple areas of Gurugram are complaining about the construction of stilt plus four-floor buildings, citing noise and air pollution. They have submitted a petition urging the district administration to revoke the policy allowing such structures on residential plots. The policy is currently under review after facing protests, with a panel analysing the situation and seeking expert opinions. Concerns about population density, weakened foundations, and health hazards from construction dust have been raised. The decision on the policy's future is expected by the end of the following month.Read more
The Tamil Nadu Housing Board (TNHB) is facing a significant challenge with nearly 8,000 unsold houses spread across the state. However, a solution is now on the horizon as the board has made the decision to allocate over 2,800 of these houses to police personnel in the Sholinganallur and Athipattu areas of Chennai under the 'own your house' scheme facilitated by the Tamil Nadu Police Housing Corporation Limited (TNPHCL).Read more
Lucknow Development Authority (LDA) is discussing a policy that would require individuals to pay fees if they don't begin construction on their plots within five years of registry. The fees could be up to 5% of the land value. The goal is to reduce pollution and encourage housing construction. If approved, individuals must submit construction costs after five years or face rejection of their construction plans. Approved plans will have a three-year window for construction, after which they will expire. The policy aims to promote timely development and affordable housing in Lucknow.Read more
The state government of Odisha has approved an ordinance to align local housing laws with the Real Estate (Regulation and Development) Act, 2016. The move aims to resume stalled apartment registrations that have been on hold since May 2022. The Odisha Apartment (Ownership and Management) Ordinance, 2023 replaces the Odisha Apartment Ownership Act, 1982. The ordinance requires the formation of associations for housing projects and registration of common areas in their name. The government believes a new legislation is necessary to address the challenges faced by apartment buyers and to prevent revenue loss due to unregistered sale deeds.Read more
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A civil court in Mumbai rejected the claim of Shailesh Kamani, a broker, who sought a fee of Rs 3 lakh for allegedly brokering a property deal in 2012. The court ruled that since the property owner did not sell the property to the party introduced by the broker, he could not claim remuneration. The court clarified that a broker's entitlement to fees is contingent upon the successful completion of the transaction and does not include mediating compromises between parties. The ruling highlights the limitations and obligations of brokers in property transactions.Read more
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a warning to builders by disallowing the Covid-19 pandemic moratorium benefits for a promoter who violated the sanctioned plan. The MahaRERA directed the promoter to pay interest to a complainant for the period in question and emphasized the importance of adhering to approved plans and regulations. The case involved irregularities in construction, including unauthorized floors and offices, conversion of designated space, and deviations from the sanctioned plan's specifications. The order aims to ensure transparency and protect the rights of buyers while cautioning against misconduct in the real estate sector.Read more
The chairperson of a Dadar housing society, Vinod Shah, has been acquitted by a sessions court, overturning a 2014 conviction and three-month jail sentence. The court found insufficient evidence to prove his responsibility for not carrying out necessary repairs despite a notice from the Brihanmumbai Municipal Corporation. The court also criticized the prosecution's case, citing incongruent testimonies and inadequate evidence. The verdict emphasizes the need for clear and compelling evidence to support charges and ensure fair judgments in legal proceedings.Read more
The Minister of Urban Local Bodies in Haryana has hinted at the potential merger of Housing Board Haryana (HBH) with Haryana Sahri Vikas Pradhikaran (HSVP). This development, expected to be finalized within 45 days, aims to consolidate their operations. During a meeting reviewing the progress of the Pradhan Mantri Awas Yojana - Urban, a committee was formed to oversee the merger process. In addition, the government has formulated the Mukhya Mantri Awas Yojana to address the housing needs of economically weaker section families. Pilot projects under this scheme have been approved in Panchkula and Yamunanagar.Read more
The government is considering amendments to the insolvency code to address the concerns of homebuyers who have invested in completed projects where the developer is undergoing insolvency resolution. The proposal aims to enable the unhindered registration of flats in such projects and involve the relevant Real Estate Regulatory Authority (RERA) in the resolution process. This change could motivate homebuyers to fulfil their financial obligations, provide relief to them, improve cash flow for insolvent real estate companies, and facilitate a more efficient resolution of cases in the housing sector.Read more
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