Advertisement
The Bombay High Court has overturned a 2016 acquisition order by the Slum Rehabilitation Authority (SRA) for almost two acres of land in Mumbai's Goregaon, ruling that a developer and slum society had taken steps "in grabbing the property" from its owner. The court held that the owner had been deprived of his preferential rights to develop the property by fraudulent means and that the SRA's order should be set aside. The land had been declared a slum rehabilitation area in 2015.Read more
The Directorate of Enforcement (ED) has conducted raids on five locations in Ranchi and Jamshedpur in connection with land scams and money laundering. During the operation, the ED teams froze 50 bank accounts, blocking any transactions. The ED has uncovered largescale irregularities in the sale and purchase of land in Ranchi district in recent months. The role of government officials in such scams is particularly concerning. The government needs to take strict action against such officials and ensure that they are held accountable for their actions.Read more
The Bhubaneswar Development Authority's (BDA) affordable housing projects have encountered a roadblock due to compulsory registration under the Real Estate (Regulation and Development) Act, 2016 (RERA Act). The registration, which became mandatory to access central grants, has rendered the projects financially unfeasible due to increased fees. The BDA has sought state government intervention and proposed exempting these projects from the application and late fees. The issue underscores the need for a nuanced regulatory approach to affordable housing, with resolution being vital for the success of such critical initiatives.Read more
Out of 128 properties put up for auction by the CHB, only six were sold, with revenue generated being slightly higher than the reserve price. The low sales can be attributed to the impact of the ongoing COVID-19 pandemic and the current economic slowdown. Additionally, the high reserve prices of the properties may have deterred potential buyers. The CHB may need to lower the reserve prices or offer more incentives to attract buyers.Read more
The Yamuna Expressway Industrial Development Authority (YEIDA) is re-launching its plot allotment schemes for group housing, institutional projects, hotels, and petrol pumps. Allottees will now get 3-5 years to pay the total amount in instalments, reducing the financial burden on investors, and there will be more flexibility in the eligibility criteria. YEIDA is also throwing open the fuel pump scheme for all and doing away with the one-time payment option in the residential plot scheme. The revised scheme is expected to attract more investors and lead to more successful allotments.Read more
Advertisement
The Rajasthan Real Estate Regulatory Authority (RERA) is considering partnering with the Rajasthan Housing Board (RHB) to conclude several incomplete real estate projects. This move follows growing concerns about the significant number of unfinished real estate projects in the state, leaving homebuyers in limbo. RERA officials have identified five major projects, including Atmosphere Grand-1 and Grand-2 by Samanvay Infra in Jaipur, which RHB is interested in completing. However, the decision has not been officially approved yet, and RERA is expected to finalize it after the appointment of a new chairman.Read more
The Punjab and Haryana High Court has temporarily halted land consolidation in Faridabad's Kot, following a petition claiming that the process was a front to "privatise" common village land and the Aravalis. Residents have opposed the process of consolidation, stating that common land must be earmarked and handed over to the village as per directions of the Supreme Court in 2012. A two-judge bench of justices Sureshwar Thakur and Kuldeep Tiwari issued an interim stay order.Read more
The Delhi Development Authority (DDA) has submitted a draft of the Master Plan for Delhi 2041 to the Union Housing and Urban Affairs ministry for review. The plan includes sustainable development, green economy, infrastructure development, and transit-oriented development hubs. The authority expects all formal procedures to be completed by next month, after which the plan will serve as a blueprint for the capital city's development for the next two decades.Read more
The Enforcement Directorate (ED) has lifted the stay that it had imposed on Slum Rehabilitation Authority (SRA) builders who were carrying out projects under ED's probe for alleged money laundering. The SRA had issued a stop work on around 20 projects due to the ED investigation, which left over 5,000 slum dwellers without homes and rent. The state government had asked the Centre to direct the ED to let the slum redevelopment projects continue, and the issue was taken up at a meeting called by officials from the Prime Minister's Office (PMO).Read more
The Bihar government has issued notices to 2.21 lakh beneficiaries and initiated action against 347 government employees for not completing houses under the Pradhan Mantri Awaas Yojana Gramin (PMAY-G) scheme, despite receiving full funding. Majority of notices were served in Gaya district, while the fewest were in Kishanganj and Buxar districts. These actions emphasize the importance of accountability and timely project completion to achieve the program's affordable housing objectives.Read more
Advertisement
