Tag: Credai Bengaluru

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Karnataka HC Supports Premium FAR Policy; Dismisses TDR Petitions

In a major ruling concerning urban development in Karnataka, the High Court has affirmed the State’s implementation of a Premium Floor Area Ratio (Premium FAR) under Section 18B of the Karnataka Town and Country Planning Act, 1961. The court dismissed two petitions submitted by landowners and Transferable Development Rights (TDR) holders who challenged the constitutional validity of the amendment and related notifications. The petitions were filed by landowners whose properties were previously acquired for public use, receiving TDR instead of monetary compensation. They contended that the introduction of Premium FAR enables developers to gain additional buildable rights from the government…

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Bengaluru Realty Firms Question NOC for Jakkur Flying School

The Bengaluru chapter of the Confederation of Real Estate Developers’ Associations of India (Credai) has raised alarms regarding the city’s municipal corporation mandating a no-objection certificate (NOC) from the Government Flying Training School (GFTS) at Jakkur. This certificate is essential for granting approvals like commencement and occupancy certificates for residential projects. Credai argues that this requirement could significantly delay and complicate the residential real estate sector in Bengaluru, which is vital for the city’s ongoing housing development efforts. In a communication directed to Karnataka’s urban development department’s additional chief secretary, Credai Bengaluru questioned the necessity of the NOC, noting the…