PNT Reporter

25 May 2023

The Chhattisgarh State Consumer Disputes Redressal Commission (SCDRC) has repeatedly issued notices to the Superintendents of Police (SPs) in Bilaspur and Durg on various dates, including November 17, 2020, March 25, 2021, February 24, 2023, and March 24, 2023. The purpose of these notices was to ensure the arrest of realtors Sardul Singh and Raspal Singh, and their subsequent appearance before the consumer court during the upcoming hearing scheduled for June 19, 2023. The SCDRC aims to enforce legal action against the mentioned individuals and resolve the consumer dispute case.Read more

PNT Reporter

25 May 2023

In a recently held review meeting, Ritu Maheshwari, the chief executive officer of Greater Noida Industrial Development Authority (GNIDA), issued a directive to initiate a survey through the consultant firm, Currie & Brown. The survey aims to assess the status of various group housing plots that have been lying idle. Maheshwari's decision highlights the authority's proactive approach in addressing the issue of unutilized plots. By commissioning the survey, GNIDA intends to gather crucial data regarding the status and potential utilization of these plots.Read more

PNT Reporter

25 May 2023

Real estate company BCD Group has unveiled Vanaprastha, a senior living community experience inspired by the Vedic age, to meet the rising demand for retirement options in India. The project, located in Hoskote, offers state-of-the-art amenities such as recreational centres, fitness facilities, and 24/7 medical services. The company plans to collaborate with specialized UK-based healthcare companies to provide personalized services. Vanaprastha at BCD Emprassa will be the country's first rental senior community living experience of its scale, offering affordable pricing. BCD Group aims to replicate this model in Chennai and NCR, investing over Rs 200 crores in each project.Read more

PNT Reporter

25 May 2023

Gurugram residents anxiously await the release of the final audit report for four towers of Chintels Paradiso in Sector 109. The Shri Ram Institute has submitted a sealed test report to the district administration, which is now being analysed by IIT-Delhi for recommendations on the habitability of the structures. Towers D, E, and F have already been declared unsafe, leading to an ongoing compensation settlement process. Chintels India, the developer, has offered residents the choice between compensation or having their flats repaired or rebuilt. The findings of the audit report will play a crucial role in determining the future of these towers.Read more

PNT Reporter

24 May 2023

The Department of Town and Country Planning (DTCP) has issued a notice to the developer of Emerald Hills, a housing society in Gurugram, for building a commercial club on the designated site meant for a community centre. This action violates the terms of the agreement with the housing society, and the DTCP has instructed the developer to remove the unauthorized club and provide a response within a specified timeframe. Failure to comply may result in legal action under the Haryana Development and Regulation of Urban Areas Act 1975. The residents are seeking the restoration of the community centre for their continued enjoyment.Read more

PNT Reporter

24 May 2023

Coimbatore-based real estate firm, Meritt Ventures, has been accused of scamming residents out of several lakh rupees by offering them low-cost housing and villas. The company, led by its director N Vijayakumar, allegedly sold fake plots to unsuspecting buyers. The firm used social media and online marketing to create the appearance of a legitimate real estate business. Despite collecting money, the company did not provide the plots or offer refunds, and those seeking reimbursement faced threats and intimidation. A group of over twelve cheated investors has filed a complaint with the assistant police commissioner, seeking assistance in recovering their collective investment of over Rs 30 lakhs.Read more

PNT Reporter

23 May 2023

The National Company Law Appellate Tribunal (NCLAT) has concluded the Corporate Insolvency Resolution Process (CIRP) against Marvel Realtors & Developers Ltd, following the acceptance of a settlement agreement with its financial creditor. Furthermore, the plea filed by Catalyst Trusteeship, opposing the withdrawal of the CIRP against Marvel Realtors & Developers, was rejected by the appellate tribunal. The NCLT bench in Mumbai had ordered the initiation of insolvency proceedings against Marvel Realtors & Developers in December 2022, based on a plea from IDFC First Bank.Read more

PNT Reporter

23 May 2023

Gurugram district authorities have issued a 15-day evacuation notice for Towers E and F of Chintels Paradiso, declared unsafe by an IIT Delhi audit. District Magistrate Nishant Kumar Yadav initiated the evacuation under the Disaster Management Act and Section 144 of CrPC. The towers were linked to fatalities last year when Tower D partially collapsed. Non-compliance with the evacuation order could lead to legal consequences, reinforcing the critical need for residents' safety amid structural uncertainties.Read more

PNT Reporter

22 May 2023

The Department of Town and Country Planning (DTCP) has issued a show-cause notice to the developer of Godrej Summit, a residential complex in Gurugram, and sealed two flats on the third and fourth floors due to the dismantling of the separating slab between them. The fourth-floor flat now lacks a floor, exposing the concrete mesh, while the third-floor apartment has no roof. Complaints from residents about cracks in balconies and walls of other apartments have raised concerns about the tower's structural integrity. The DTCP has ordered the developer to stop ongoing repair work, restore the flats to their original plan, and provide an explanation for the unauthorized alterations.Read more

PNT Reporter

22 May 2023

The district administration in Noida is set to auction 38 shops in Wave Mega City Centre's commercial project in Sector 18 due to the developer's failure to settle dues amounting to Rs 136 crore. The shops, located in Wave Silver Tower, will be auctioned with reserved prices ranging from Rs 48 lakh to Rs 2.7 crore. This action is part of the administration's efforts to collect outstanding dues from developers and hold them accountable.Read more