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April 21, 2015

BMC struggles to handle 25,000 DP objections

Brihanmumbai Municipal Corporation (BMC) officials are maintaining the applications’ basic details in their office register and on Monday , they suddenly realized that they need a computer to simplify the process. They decided to prepare the application details in Excel sheets to understand the suggestions objections subject and area-wise. The civic authorities stated that submission of suggestion objection letters will now have to be made at the civic headquarters’ building ground floor, outside the Citizen Facilitation Centre (CFC), and not on the 5th floor. Unlike earlier, where all forms would be collected at one counter, submission of [...]

 
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April 21, 2015

All central govt nods in place for Navi Mum airport

All central government permissions for the Navi Mumbai international airport have been granted, chief secretary Swadhin Kshatriya said on Monday .

Seven permissions, from the environment and civil aviation ministries were received last month, a day before Prime Minister Narendra Modi’s countrywide video-conference with chief secretaries.When Modi asked Kshatriya about the status of the airport project, he informed him that a miracle had occurred.

“The state received seven permissions a day before the Pragati (Proactive Governance and Timely Implementation of Schemes) conference, [...]

 
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April 21, 2015

Proposed development plan violates century-old Bandra society’s bylaws

St Sebastian Homes Cooperative Society Ltd, in Bandra (West), is a quiet and peaceful residential area. The residents however are flummoxed how they have suddenly been categorized as Residential Commercial (RC) in the draft Development Plan (DP) 2034 despite this.

They claim this new categorization is in absolute contravention of the society bylaws as the original lease deed states members can use their properties only for residential purposes. The residents apprehend a drastic change of the social fabric of the area.

The society , formed in 1918, has always had plots for residential [...]

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April 21, 2015

Over 50% of land acquired for SEZs between 2006 and 2013 lie unused

Much is being said about the new land acquisition law and the amendments proposed by the NDA government to make it easier for industry and public private partnership projects.

However, a study carried out by Comptroller and Auditor General last year on land acquired by the Centre between 2006 and 2013 the period during which UPA was in power -reveals that a land mass as big as thrice the size of Noida was acquired under the Special Economic Zone policy but more than half of it had not been put to use.

The CAG study , part of its performance audit report tabled in Parliament last year, said ever since the [...]

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April 21, 2015

Boost for realty sector in Gurgaon, Faridabad

The realty market in Gurgaon and Faridabad received a boost on Monday when the Punjab and Haryana high court vacated a stay on issuing change of land use (CLU) licences to builders and on acquiring land to develop residential and commercial properties in that part of NCR.

A division bench headed by Justice S K Mittal accepted Haryana government’s submission that it has prepared a sub-regional plan of the area that meets the National Capital Region Planning Board norms.

In January 2014, the court had restrained the Haryana government from issuing CLU licences to any developer and also stopped land acquisition after hearing a petition [...]

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April 20, 2015

Piramal now said to have invested in Shriram Group’s real estate business

After it invested in Shriram Group’s financial services business, the Piramal group put in Rs 75 crore in Shriram Summit, a residential project coming at electronics city in Bengaluru, sources said. Shriram Properties is reportedly in talks with the Piramal Enterprises, ICIC Pru, Ask Property and others to raise around Rs 300 crore to support its Rs 700-crore investment plan to acquire land parcels.

Shriram Properties’ managing director M Murali refused to comment. A Piramal Enterprises spokesperson said, “We do not comment on market speculation.” According to sources, Piramal has also shown interest in three other projects of Shriram [...]

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April 20, 2015

NGT wants tree survey, database of Mangar forest

NEW DELHI: National Green Tribunal has directed the ministry of environment, forest and climate change and the forest department of Haryana to conduct a tree survey and create a database of trees and undergrowth in Mangar off the Gurgaon-Faridabad highway.

Mangar Bani, a grove in the area, is held sacred by locals. The report has to be submitted to the tribunal within eight weeks and may be crucial in giving this pristine patch of Aravalis a protected forest status.

Earlier, three real estate companies had filed an application with the revenue authorities to “correct” the land records of Mangar from uncultivable land to [...]

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April 20, 2015

CCI dismisses anti-competitive case against Vatika Group

Fair trade regulator CCI has rejected allegations that real estate developer Vatika Group abused its dominant position in the market for development and sale of its commercial units in Gurgaon. The matter relates to the purchase of a commercial unit in Vatika Professional Point Sector in Sector 66 of Gurgaon, Haryana. A complaint filed by an individual had alleged Vatika of unfair and discriminatory conduct on buyers of the commercial units. In a order released recently, the Competition Commission of India (CCI) said that “no prima facie case of contravention of the provisions of…the (Competition) Act is made out against the opposite party in the instant matter”. [...]
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