Advertisement
The Ahmedabad Municipal Corporation (AMC) experienced a surge in project approvals and revenue collection during a period between March 1 and April 15. A total of 560 projects were approved, resulting in a substantial amount of Rs 784 crore collected from developers through chargeable Floor Space Index (FSI) and other fees. This influx of revenue can be attributed to the announcement of the jantri revision, which led developers to seek approvals based on the old rates to minimize costs. The relaxation of chargeable FSI for affordable housing projects further accelerated the rush among developers.Read more
The state government of Maharashtra, India, has announced several measures to streamline the process of slum redevelopment and promote self-redevelopment. These include reducing the premium for transferring slum redevelopment flats, making it mandatory for builders to pay one year's rent in advance, organizing camps for Deemed Conveyance, waiving the increase in service charges for housing societies, and considering the abolition of non-agricultural tax on housing societies. These initiatives aim to expedite redevelopment procedures, provide financial relief to residents, and improve housing community management in the state.Read more
The West Bengal Real Estate Regulatory Authority (WBRERA) will now continue with all pending complaints filed by home buyers against developers that were previously under the jurisdiction of the now-defunct West Bengal Housing Industry Regulatory Authority (WBHIRA). The Supreme Court clarified this while hearing a special leave petition (SLP) on May 12, stating that all orders issued by WBHIRA will remain valid. However, individuals who are dissatisfied with WBHIRA's orders can seek recourse before WBRERA.Read more
Haryana Assembly Speaker Gian Chand Gupta has revealed a plan to provide 1 marla plots or flats to residents of slums and shanties. The proposal, discussed with senior officials, awaits approval from the Chief Minister. The plan aims to address the increasing number of slums in the city and fulfil promises previously unmet. Gupta also reviewed existing rehabilitation schemes and urged action against illegal encroachments. The initiative demonstrates the government's commitment to improving living conditions for slum dwellers in Haryana.Read more
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has permitted the deregistration of two real estate projects out of a total of 60 applications received. In February, developers were given the option to deregister their projects under specific conditions due to difficulties in commencing and completing construction. The deregistration is only allowed for projects with no homebuyers or if the rights and claims of existing homebuyers are settled. While two projects have been approved for deregistration, the remaining 58 applications are currently under review.Read more
Advertisement
MahaRERA, the homebuyers regulatory body, is grappling with a backlog of almost 7,000 cases out of 21,274 filed to date, causing significant distress for homebuyers. Lack of adequate staff is cited as the primary reason for this delay, with only two members, including the chairman, currently hearing complaints. Despite appeals, the state government has yet to fill these vacancies. Homebuyers are now calling for immediate action to ensure swift resolution of their pending cases.Read more
The Panchkula Municipal Corporation (MC) has announced its plans to take action against residents who have illegally constructed entry/exit gates on the backside of their houses, leading towards roads. Officials will conduct house inspections across all sectors. Defaulters will be issued a notice and be given a one-week grace period to comply, failing which the MC will resort to cutting off the water supply to these houses. This measure aims to ensure compliance with the regulations and discourage the construction of illegal entry/exit points.Read more
The Greater Hyderabad Municipal Corporation (GHMC) has introduced fire mitigation certificates for commercial establishments following a series of fire accidents. However, many owners are unaware of this requirement, resulting in a poor response. The EVDM has created a website for certificate applications, and eligible buildings must meet specific fire safety installations. The initiative aims to enhance safety and prevent future incidents. Awareness and compliance are essential to protect lives and properties in Hyderabad.Read more
The Supreme Court made a significant statement emphasizing the purpose of the Consumer Protection Act of 2019, stating that it aims to promote consumerism in the country. The remarks were made in response to appeals challenging a previous order by the National Consumer Disputes Redressal Commission (NCDRC) regarding a housing project. The court highlighted the flexibility the Act provides to consumers in seeking redress and expressed concerns over the rigid interpretation of the law. The bench set aside the impugned orders and directed the national commission to expedite the hearing of the matters on their merits, reinforcing the significance of the Act.Read more
The Supreme Court has put a hold on a Bombay High Court order allowing builders to have recreation grounds on the podiums of their towers. The High Court's ruling had provided relief to builders whose projects were affected by the National Green Tribunal's order that required recreational grounds to be open to the sky. The Supreme Court's decision came in response to a petition challenging the High Court's order. The final decision on the matter will be determined during a hearing scheduled for July 31.Read more
Advertisement
