Category: Latest Stories

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IndustryLatest Stories

Haryana: HSVP Official Required for Auction Plot Registration

Representative AI image GURUGRAM: Buyers of plots auctioned by the Haryana Shahari Vikas Pradhikaran (HSVP) will now need the physical presence of an authorized official. Due to a procedural change implemented by the revenue department, an HSVP official must be present at the tehsil office for the registration of sale deeds. This updated requirement applies exclusively to properties directly sold by HSVP, such as plots obtained through e-auctions, and does not pertain to resale transactions between private individuals. However, this change has raised concerns among buyers and HSVP officials regarding potential delays. SDM Sanjeev Singla mentioned that discussions have already…

CommercialLatest Stories

Jaipur body identifies 6,000 illegal commercial units on homes

Representative AI image JAIPUR: The Jaipur Development Authority (JDA) plans to present an audit to the Supreme Court that identifies over 6,000 commercial establishments allegedly violating land-use regulations by operating from residential plots, as per the court’s directives aimed at curbing unauthorized commercial activities. According to JDA enforcement wing DIG Anand Sharma, the audit has been finalized, detailing the violations and actions taken thus far. “We will send this report to the Supreme Court. We will continue to take further action against these violations following the court’s instructions at the next hearing,” Sharma informed TOI. “The audit documented data starting…

Latest StoriesRera

Haryana RERA mandates builders to compensate buyers for delays

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has reaffirmed the right of homebuyers to seek compensation for delayed possession in the Sovereign Floors at Alba, Esencia, Sector 67, and Coban Residencies, Sector 99A. In the case of Sovereign Floors, Rera ordered New Look Builders & Developers Pvt Ltd to compensate Rs 39.7 lakh, along with Rs 1 lakh for mental anguish and Rs 50,000 to cover litigation costs. The buyer had booked a residential floor in 2011, expecting possession by August 2014, but the project remained unfinished. The buyer eventually withdrew in May 2023. Although HRera had previously mandated…

CommercialLatest Stories

Telangana Eases Rules for High-Rise Projects in Jubilee Hills

Sure! Here’s a rewritten version of the content: — Representative AI image HYDERABAD: The state government has approved a special relaxation for the construction of a commercial high-rise building on three adjacent plots in Jubilee Hills. This approval allows for increased height and other concessions under specific conditions. A Government Order (GO) issued by the metropolitan area and urban development department on Monday confirmed the request from CG Murali Mohan and others for the development of the commercial property on Road No. 10. The decision came after a thorough review of the applicants’ submission, a factual report from the Greater…

Latest StoriesRera

Kerala RERA Grants 16.65% Interest for Delayed Flat Handover

THIRUVANANTHAPURAM: The Kerala Real Estate Regulatory Authority (K-RERA) has mandated a builder in the state capital to compensate two homebuyers with simple interest at a rate of 16.65% per annum for delays in delivering their flat in the Sparrow Paradise project located at Kudappanakunnu. Dr. Ullas Raghavan and Shakuntala Prabhakaran invested approximately ₹1.02 crore for their 1,765 sq ft flat. This interest will be calculated from December 1, 2018— the day after the agreed completion date—based on the ₹54.41 lakh advance they paid, along with subsequent payments from their respective payment dates until the flat’s delivery. K-RERA has directed Sparrow…

Latest StoriesResidential

Flat Registrations Halted; Nagpur Civic Body Assumes NIT Approvals

Representative AI image NAGPUR: The registration of flats in Nagpur has been temporarily halted as the district administration initiates a thorough verification of builders’ compliance with essential infrastructure and safety standards prior to granting occupancy certificates (OCs). This decision was made by guardian minister Chandrashekhar Bawankule in a District Planning Committee (DPC) meeting on Monday, which also introduced several significant urban governance decisions. In a notable policy change, Bawankule revealed that the Nagpur Municipal Corporation (NMC) will now have the authority to approve building plans in layouts created by the former Nagpur Improvement Trust (NIT), consolidating building permissions under a…

IndustryLatest Stories

Bengaluru Tower Demolition Plan Triggers OC Debate

BENGALURU: The proposed demolition of an 18-storey apartment tower in southeast Bengaluru has sparked significant debate over the reliability of occupancy certificates (OCs) issued by the Greater Bengaluru Authority (GBA). The 49-unit structure at SNN Raj Etternia near Kudlu received its OC earlier this year but is now set for demolition following new geotechnical investigations that uncovered serious soil issues. While the developer assures that the remaining 14 towers in the 972-unit township are structurally sound, residents argue that this incident highlights critical concerns regarding the building approval and certification process. Urban planning expert Ashwin Mahesh noted that the situation…

IndustryLatest Stories

Bengaluru Authority Sets New Building Approval Fee Structure

BENGALURU: The Greater Bengaluru Authority (GBA) has released a new notification detailing the fee structure for building construction approvals under the GBA Act. This includes fees for plan approvals, revised plan approvals, and plinth certificates, which were previously charged under the BBMP Act and have now been re-established under the new legislation. According to the announcement, fees will be calculated based on the prevailing guidance value of the site and the total built-up area of the building, measured on a per square metre basis. The minimum guidance value for calculations will be set at Rs 50,000 per sqm. The inspection…

Latest StoriesRegulatory

SC Directs Parsvnath Developers to Report Pending Cases

NEW DELHI: The Supreme Court on Monday instructed Parsvnath Developers and its directors to submit a status report regarding ongoing cases brought by distressed homebuyers against them, detailing the current status of each matter. The court also ordered the real estate company to complete the construction of a dwelling unit booked by Rita Tikku, a cancer survivor, and Lokaish Tikku, who invested their life savings in the ‘Parsvnath Exotica’ project in Sector 53, Gurugram, within a week. A bench composed of Chief Justice Surya Kant along with Justices Joymalya Bagchi and V Mohana was reviewing a plea submitted by the…

Latest StoriesRegulatory

NGT Orders Check on Ongoing ‘Illegal’ Construction in Greater Noida

Representative AI Image NEW DELHI: The National Green Tribunal has mandated the Uttar Pradesh Pollution Control Board (UPPCB) to investigate claims that certain under-construction projects in Greater Noida are continuing despite having received closure orders for breaching environmental regulations. A bench, comprising NGT Chairperson Justice Prakash Shrivastava and expert member Afroz Ahmad, was examining a case concerning alleged breaches of environmental norms, including the absence of an Environmental Impact Assessment (EIA) notification and required consents to establish (CTE) and operate (CTO) from the UPPCB. The petition was submitted by BJP leader and former municipal corporator Rajendra Tyagi, represented by Advocate…