PNT Reporter

04 Apr 2023

The Noida Authority has announced that it will issue recovery certificates to builders who are not participating in its schemes to clear outstanding dues. The Authority has launched several schemes to help builders clear their dues, including a one-time settlement scheme and a scheme that allows them to surrender their land in lieu of the dues. However, some builders have not shown interest in these schemes, prompting the Authority to take more stringent measures.Read more

PNT Reporter

04 Apr 2023

Residents in Dehradun are protesting the slow progress of the investigation into the four-year-old Orchid Park case. protesters gathered outside the Real Estate Regulatory Authority (RERA) office in Dehradun to demand action. The residents are demanding that they receive the apartments promised to them in the builder-buyer agreement. The protesters also criticized RERA for not taking more action in the matter and urged the body to take more aggressive actions to resolve the issue.Read more

PNT Reporter

04 Apr 2023

The Bombay High Court recently heard a petition regarding the redevelopment of Ratilal Mansion at Parekh Street in Girgaum, Mumbai, which had been stalled for a decade. The project was originally being carried out by Orbit Corporation, which went into liquidation, leading to the incomplete structure on the site today. The 44 residents of Ratilal Mansion have not been able to live in their homes since 2009 and have not received transit rent since 2013.Read more

PNT Reporter

03 Apr 2023

Mayor Anup Gupta has expressed his support for registering properties by shares. During a meeting with UT Adviser Dharam Pal, Gupta discussed concerns related to the buying and selling of shares in properties and obtaining permission for temporary roofs in the central courtyards. The CHCC is scheduled to convene next week to deliberate on the Supreme Court’s ruling against apartmentalisation and determine the next steps for implementing the order in its entirety.Read more

PNT Reporter

03 Apr 2023

The Haryana Real Estate Regulatory Authority (H-RERA) has been facing criticism from homebuyers over the slow pace of resolving their complaints. According to data shared by H-RERA, only 53% of the complaints submitted by homebuyers in the last five years have been resolved, while the rest are at various stages of review. This has led to a backlog of complaints and many homebuyers are now seeking justice through other authorities.Read more

PNT Reporter

31 Mar 2023

The Delhi Development Authority has issued a warning, alerting the public about fraudulent individuals who are using a fake URL related to their housing scheme to deceive people. The DDA has stated that it is taking this matter seriously and has filed complaints with the Economic Offences Wing and Cyber Crime cell of the Delhi Police. The DDA become aware that certain fraudulent individuals are using a fake URL (https://DDAflat.org.in/index.php) under the name of DDA’s Housing Scheme to deceive people into booking flats.Read more

PNT Reporter

31 Mar 2023

The combination of an 18% GST and an increase in the Jantri rates has deterred potential buyers from participating in the recent plot auctions organized by the Ahmedabad Municipal Corporation (AMC). The auctions featured seven plots in prime locations within the city, with a base price of Rs 499.72 crore and a 99-year lease. The plots were situated in Bodakdev, Thaltej, Vastral, and Nikol. However, none of the developers showed any interest in purchasing these plots.Read more

PNT Reporter

31 Mar 2023

The Greater Noida Authority plans to upload details of 197 group housing projects on its official website to enhance transparency and protect investor interests. This move follows the Noida Authority's recent update of 115 projects. The information provided will help homebuyers make informed decisions while holding developers accountable for project completion and financial obligations. Currently, builders owe over Rs 14,500 crore to the Greater Noida Authority, and around 1 lakh homebuyers are facing difficulties registering their flats.Read more

PNT Reporter

31 Mar 2023

In response to a fake call centre racket in New Town, Kolkata, Bidhannagar Police have requested updated tenant lists from local Residential Welfare Associations (RWAs). Authorities plan to conduct surprise visits to verify tenant information, ensuring occupant safety and addressing system vulnerabilities. The recent bust, which exposed fraudulent operators running schemes from residential properties and recovered nearly Rs 4 crore in illegal funds, has prompted the need for an updated tenant database. Local residents have welcomed the initiative for improved community security.Read more

PNT Reporter

30 Mar 2023

Deputy Chief Minister of Maharashtra, Devendra Fadnavis, recently announced that the state government plans to introduce a new policy to expedite Slum Rehabilitation Authority (SRA) projects. According to Fadnavis, builders will be invited through a tender process for the construction of buildings while the government will handle preliminary work, such as clearing plots and determining eligibility of slum dwellers.Read more