When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
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26 May 2023
The Kerala Real Estate Regulatory Authority (K-RERA) has launched an upgraded website, providing buyers with enhanced transparency and useful tools. The redesigned website incorporates GIS mapping and property exploration tools, enabling users to access interactive maps that showcase not only the projects but also key aspects of the surrounding neighbourhood. Buyers can monitor development progress, access plans, permits, brochures, and photos with a single click. The website has been designed by the startup Xocortx.Read more
26 May 2023
Persistent software glitches in Maharashtra's nine-year-old tenant registration system have stalled processing of over 13,000 applications. The state registration department has appealed to the National Informatics Centre (NIC) for an urgent software upgrade. HH Sonawane, Inspector General of Registration and Stamps, acknowledged the issue, which has disrupted registrations and left lease applications pending for nearly two weeks. Amid growing frustration, the Association of Service Providers calls for a robust backup system to protect citizens from future technical disruptions.Read more
25 May 2023
Union Housing Minister Kaushal Kishore applauded Andhra Pradesh's government for allotting residential plots to three million impoverished families. The praise came during his review of housing schemes, including the Prime Minister Awas Yojana (PMAY). Emphasizing the Centre's goal of universal housing by 2024, Kishore urged officials to expedite construction and infrastructure development. State Housing Minister Jogi Ramesh sought additional funding for infrastructure, revealing the state's Rs 30,000 crore investment in the YSR Jagananna colonies.Read more
25 May 2023
A significant portion of the Aravalli terrain near Gurugram has been stripped of trees, levelled, and transformed into walled compounds, violating the Forest Conservation Act. The area, part of the Aravalli Plantation project, has been encroached upon to build farmhouses. Satellite images and eyewitness reports confirm the irreversible destruction. Activists highlight the urgent need for an Aravalli task force to protect the ecosystem, recharge groundwater, and preserve wildlife habitats. Violations underscore the importance of challenging attempts to privatize the land and emphasize its ecological significance.Read more
25 May 2023
Ahmedabad City civic body chief M Thennarasan expressed dissatisfaction with the public's lack luster response to the recently implemented impact fee scheme, prompting him to take decisive action. In an effort to address the issue of illegal constructions, Thennarasan issued a directive to all municipal zone heads, instructing them to compile a list of the five largest unauthorized structures within their respective zones. Furthermore, he mandated that demolition proceedings should commence within a week.Read more
24 May 2023
Following a series of court-ordered home demolitions in Tughlagabad, a multitude of displaced slum residents rallied at Jantar Mantar, under the banner of Mazdoor Awas Sangathan Samiti. The protestors, from across Delhi, united to demand immediate government intervention and rehabilitation. The demonstrations were intensified by the hunger strike of Reena, a 45-year-old Tughlagabad resident, alongside widespread fears that the city's beautification efforts for the upcoming G20 Summit have escalated the evictions. The protest spotlighted the increasing tensions between urban development and housing rights in the city, posing serious ethical questions under the global gaze.Read more
24 May 2023
National Thermal Power Corporation (NTPC) facilities in East Uttar Pradesh have embarked on an eco-friendly initiative to manufacture durable building materials using fly ash, a by-product of thermal power generation. Aimed at curbing pollution and preserving natural resources, the initiative includes the production of aggregates, bricks, sand, and tiles, all under the brand 'Vikalp'. The company emphasizes stringent quality control and effective branding to promote these sustainable building alternatives.Read more
24 May 2023
DTCP has clarified that until a decision is reached by the expert committee, affordable housing plots under the Deen Dayal Jan Awas Yojna (DDJAY) will only be approved for three-floor constructions. This follows the halt on approvals for fourth-floor buildings earlier this year due to resident protests over insufficient infrastructure. The expert committee is set to decide on this issue soon, potentially altering the course for future housing constructions.Read more
24 May 2023
India's markets regulator, SEBI, has proposed granting special rights to unitholders of REITs and InvITs, including the right to nominate representatives on boards, to strengthen governance norms. The regulator also suggested the concept of self-sponsored REITs and InvITs and proposed applying the principles of stewardship code to board members nominated by unitholders. These proposals aim to empower unitholders, enhance monitoring of investments, and facilitate decision-making. SEBI has sought public comments on the proposals until May 29.Read more
23 May 2023
The Municipal Corporation of Gurugram (MCG) demolished a building with 30 apartments illegally constructed in Sukhrali Enclave, falling within the restricted zone near an Indian Air Force ammunition depot. The MCG commissioner suspended a junior engineer for negligence and ordered a chargesheet against him. The building was initially partially razed, but upon noticing this, the commissioner instructed its complete demolition. Authorities plan to file an FIR against the building owner, warning the public against buying illegal properties lacking basic amenities and property registries. MCG officials will continue demolishing such buildings in the area.Read more