PNT Reporter

20 Apr 2023

The Chandigarh Housing Board (CHB) has yet to register the delayed Sector 53 housing scheme and itself as the promoter with the Real Estate Regulatory Authority (RERA), causing further postponement in the project's launch. The CHB board of directors had approved the scheme in February, but RERA registration remains pending. The Sector 53 housing scheme has faced numerous delays over the years, including a lack of demand due to high costs. Under the revised plan, the CHB aims to offer 340 flats in three categories. Registering with RERA is crucial to ensure compliance and protect home buyers' interests.Read more

PNT Reporter

19 Apr 2023

The Maharashtra state government has approved the payment of rent arrears to 672 residents of Patra Chawl from January 2018 to February 2022. The decision was made after a meeting between the residents' association and MHADA officials, where residents agreed to accept rent from the time the developer had been removed by MHADA and submitted a copy of the resolution to MHADA. The rent will be paid by MHADA, incurring a cost of around Rs 85 crore for the arrears from January 2018 to February 2022, and will be a major relief to residents who have been out of their homes for more than a decade.Read more

PNT Reporter

19 Apr 2023

The Yamuna Expressway Industrial Development Authority (YEIDA) plans to file a police complaint against all parties involved in a 73-acre plot transaction in Noida for not informing YEIDA and failing to pay transfer of memorandum (TM) charges. YEIDA officials estimate a loss of Rs. 200 crore over two transactions. The case highlights the importance of transparency in property transactions and adherence to legal procedures, prompting calls for more efficient land management systems and increased collaboration between government and regulatory authorities.Read more

PNT Reporter

19 Apr 2023

Police evicted 17 families from Rameshwar Apartment in Sola, Ahmedabad, amid a disagreement over the redevelopment of the High-Income Group (HIG) society. The large-scale project includes residential and commercial properties, but some residents claim they were initially told it would be exclusively residential. The eviction highlights the challenges of urban development projects, the importance of transparent communication, and the potential impact of evictions on the affected families.Read more

PNT Reporter

19 Apr 2023

The Indian Ministry of Housing and Urban Affairs has blacklisted Supreme Infrastructure India Ltd and Ramacivil Construction Pvt Ltd for their sub-standard work on the NBCC Green View project in Gurgaon, which was declared unsafe by the Indian Institute of Technology, Delhi. The firms are banned from receiving any work from the ministry for two years and from working with any associated entity or Central Public Sector Enterprise.Read more

PNT Reporter

18 Apr 2023

A builder and landowner in Thane, Maharashtra, are facing charges for allegedly fabricating permits to construct a residential building. The accused reportedly began forging permits from the Thane Municipal Corporation in 2017, which were used to register flats within the building. Authorities are now implementing stricter measures to prevent similar fraud cases, including enhanced scrutiny of permit applications and increased collaboration between departments. The Maharashtra government is also considering new legislation to curb fraudulent activities in the real estate sector.Read more

PNT Reporter

18 Apr 2023

The Shipra group has filed a complaint against Indiabulls and M3M, accusing them of attempting to usurp its properties, including Shipra Mall. The Ghaziabad police have registered an FIR against 18 executives from both companies and initiated an investigation. Shipra alleges that Indiabulls fraudulently inflated a loan amount and demanded repayment using forged documents. Both Indiabulls and M3M deny the allegations, dismissing them as false and malicious. The case highlights the importance of transparency and integrity in corporate dealings, especially in the real estate sector.Read more

PNT Reporter

18 Apr 2023

Larsen & Toubro (L&T) is close to finishing India's first 3D-printed public building, a 1,100-square-foot post office in Bengaluru, at a cost of INR 23 lakh. The ground-breaking project reduces construction time by 30-40%, while maintaining costs similar to traditional methods. This innovative technology brings numerous benefits, including design freedom, customization, stronger structures, and energy efficiency. L&T's pioneering efforts in 3D-printed construction could revolutionize the industry and pave the way for sustainable, efficient large-scale projects, such as affordable housing, to accommodate India's growing urban population.Read more

PNT Reporter

18 Apr 2023

The Department of Town and Country Planning (DTCP) in Gurgaon has started a drone survey in sectors 1 to 80 to identify infrastructure deficiencies and unauthorised constructions in licensed colonies. The survey will also keep a check on any violation of norms and record stilt plus four floor buildings in these sectors. The data collected through this survey will be used to prepare an action plan and to identify issues related to infrastructure upgrade and encroachment on public spaces and government land.Read more

PNT Reporter

17 Apr 2023

Jaypee Infratech's creditors, including Jaiprakash Associates, the Income Tax department, and YEIDA, have filed an appeal against the award of the company to Suraksha Group by the NCLT. The appeal could delay the start of construction. The Income Tax department has claimed that only Rs 10 lakh have been provided towards its dues despite its claims, while Jaiprakash Associates has argued that the resolution plan proposed by Suraksha Group is not in conformity with certain provisions of the Insolvency & Bankruptcy Code.Read more