21
14 - 09 - 2020
14 - 09 - 2020
Dear Members,
As you are aware, on September 10, 2020 the Hon’ble Supreme Court has passed an
interim order (enclosed) on waiving of interest charged during moratorium and has kept
the matter for final arguments on September 28, 2020.
For us to press for further relief from the Hon’ble Supreme Court, we need the following
information with supporting documents:
i. Details of all enforcement actions taken by lending institutions including but not
limited to writing letters / emails threatening SARFEASI actions.
ii. All proceedings including but not limited to proceedings under IBC initiated by
lending institutions during COVID Period.
iii. Cases where moratorium applied for and has been rejected by lending ins titutions
either on the ground of eligibility or discretion which they did intend to exercise. There
also may be cases where members would have applied for moratorium and that request
has not been responded.
iv. Emails / messages etc received from lending institutions asking for payments on
September 1, 2020 or any such similar emails, and
v. Any other relevant information.
You may pl. fill the information in the format attached (first 2 filled rows are examples on
how to fill data) and mail it to [email protected] by 6:00 p.m. on Sunday, 13 September
2020.
Format for Data Collection for Interest Waiver Matter
Whether Morat Was
Given
Was interest
demanded on 1st of September,
2020?
Interest for entire morat was
taken or only for the month of august as on 1st
september 2020
If morat was given then for how many
months
Any other Actions taken by the banks for downgrade of accounts or
NPA Classifications
No Yes
Yes Yes Entire Morat 6 months no
Sr No Name Of Borrower Name Of Lender Loan Amount (INR Crs) Interest Rate
1 ABC Corp SBI 100 10%
2 XYZ Corp SBI 100.00 10%
Any SURFACIE action
taken
Any IBC action
taken
Any other challenges
faced by borrowers?
Pls share supporting
documents
No No Attached Account classification letter
no no Attached interest demand letter
These are examples of how members to fill in data. All columns are mandatory
CREDAI Bengal Daily News Update |14.09.20
Speed of building PMAY houses improved during pandemic: Prime
Minister
"The speed with which these houses were constructed is a record. The construction of a
house under the PMAY used to take an average of 125 days earlier. But in the coronavirus
period, the average time taken for it came down to 45 to 60 days, said PM.
Prime Minister Narendra Modi on Saturday said the average time of building a house under the Pradhan Mantri Awas Yojana (PMAY-Gramin) came down to 45 to 60 days during the
pandemic from 125 days as migrants, who returned home during the lockdown, also contributed towards it.
He said under the PMAY, 18 lakh houses have been constructed in the country during the coronavirus period.
Modi also called for the need to strengthen the poor in order to end poverty.
He was speaking at the virtual housewarming ceremony of 1.75 houses built in rural parts of Madhya Pradesh under the PMAY scheme.
"The speed with which these houses were constructed is a record. The construction of a house under the PMAY used to take an average of 125 days earlier. But in the coronavirus period, the
average time taken for it came down to 45 to 60 days. This is an example of turning a crisis into an opportunity," he said.
"This has become possible as the migrants who returned home during the coronavirus-induced lockdown also joined the work and availed benefits of the Garib Kalyan Rojgar Abhiyaan,
under which Rs 23,000 crore have been spent on infrastructure and other works," he said.
The migrants returned home, got employment under this campaign and this expenditure also helped the construction- related businesses, he added.
"This campaign has helped the rural economy," he said.
On the occasion, the prime minister interacted with some of the beneficiaries of the project. While interacting with Pyarelal Yadav from Singrauli, Modi said, "For removing poverty, it is
important to strengthen the poor and this scheme has developed self- confidence in them so that they can sleep peacefully in their house at the end of the day after toiling hard."
Newspaper/Online ET Realty ( online )
Date September 12, 2020
Link
https://realty.economictimes.indiatimes.com/news/residential/speed-of-
building-pmay-houses-improved-during-pandemic-prime-
minister/78074865
https://realty.economictimes.indiatimes.com/tag/narendra+modihttps://realty.economictimes.indiatimes.com/tag/pradhan+mantri+awas+yojanahttps://realty.economictimes.indiatimes.com/tag/coronavirushttps://realty.economictimes.indiatimes.com/tag/madhya+pradeshhttps://realty.economictimes.indiatimes.com/news/residential/speed-of-building-pmay-houses-improved-during-pandemic-prime-minister/78074865https://realty.economictimes.indiatimes.com/news/residential/speed-of-building-pmay-houses-improved-during-pandemic-prime-minister/78074865https://realty.economictimes.indiatimes.com/news/residential/speed-of-building-pmay-houses-improved-during-pandemic-prime-minister/78074865
Son of Gulab Singh from Dhar district's Amjhera village told Modi that he constructed his
house with the collective efforts of his villagers, who contributed voluntarily for it.
The masons and laboureres, who were rendered jobless due to lockdown, worked for them free
of cost, he said.
When Narendra Namdeo of Bhitarwar in Gwalior district praised the PM for his government's
decision to nullify Article 370 and triple talaq, Modi asked him in a lighter vein whether he was
planning to contest elections considering his knowledge about several issues.
Namdeo's wife thanked Modi for providing a house, a gas connection and a toilet to them and
invited him to visit their home, which Modi accepted.
________________________________________________________________
RBI loan restructuring: How will developers get funds for
construction?
Funds are essential to complete a real estate project. Due to the NBFC crisis and IL&FS default
in 2018, funds for the real estate sector dried up big time. Now, the COVID-19 pandemic has
hit the country, leading to more liquidity crunch not only for developers but buyers as well. It
poses serious challenges with regard to managing funds for real estate projects.
Praveen Jain, Vice-Chairman of National Real Estate Development Council (Naredco), says,
"We are expecting a delay of at least six months for self- funded projects, and for those projects
which rely on external funds like NBFCs etc, the delay could even be for 1-2 years. There are
financial issues and funds are not being released on time. Everyone knows that till the projects
are completed nobody will get anything. That is why the government has relaxed interest rules
and buyers also understand that they will have to pay for project completion."
"Now, RERA bodies have also allowed buyers in some stalled projects to take over and finish
construction. I feel in a few years things will be much better for the real estate projects," adds
Jain.
There is a likelihood of an increase in payment defaults and credit downgrades for some
developers. They may find it tough to sustain due to poor sales and ensuing economic
slowdown in the country. Therefore, the Reserve Bank of India (RBI) has allowed a one-time
restructuring of loans without classifying them as NPAs to help companies and individuals
handle the financial crisis.
Jyoti Prakash Gadia, Managing Director, Resurgent India, explains, "Moratorium on repayment
of loans allowed during the Covid-19 crisis can be extended by up to two years. Restructuring
will help developers re-plan their inflow based on their outflow and approach their lenders
accordingly. However, restructuring in real estate should happen on a project basis. This is
because if a real estate company has five projects and only one project is defaulting then the
developer won't be able to get funds for other projects as well. Real estate bodies should take
this up with the government."
The apex bank also constituted the KV Kamath committee which selected 26 sectors including
real estate. Kamath committee bucketed accounts into mild, moderate and severe stress
categories for loan restructuring. Companies applying for restructuring will have to be GST
registered. Banks and NBFCs have time till March 31, 2021 to implement the plan. Loan
restructuring will improve cash flow for real estate companies and help in completion of stuck
projects.
Newspaper/Online The Times Of India ( online )
Date September 12, 2020
Link https://content.magicbricks.com/property-news/rbi-loan-restructuring-
how-will-developers-get-funds-for-construction/115998.html
https://content.magicbricks.com/property-news/rbi-loan-restructuring-how-will-developers-get-funds-for-construction/115998.htmlhttps://content.magicbricks.com/property-news/rbi-loan-restructuring-how-will-developers-get-funds-for-construction/115998.html
Mahendra Tewatia, Chief Financial Officer, ACE Group, believes that loan restructuring will
improve the cash flow and established developers with clean records are likely to meet their
completion deadlines.
"Funds for one project should be used in that particular project only. The financing for a real
estate project must be planned much before and not at the time of its launch. You need to ensure
you have approvals, licence and RERA permissions before you start construction. If you
default, then the entire process of construction can go haywire. There should be recurring flow
of funds so that construction at the site goes on. These days, buyers are being allowed to take
over the stuck projects and complete them. I think this is a positive step in finishing such
projects," explains Tewatia.
Real estate is a highly capital intensive business and the current pandemic will have only well-
capitalized developers to overcome the liquidity challenges. How will the RBI restructuring
scheme address the real estate issues, only time will tell?
________________________________________________________________________
Luxury real estate developers rely on consultants as sales hit due to
Covid
Although, many businessmen are looking to monetise the real estate assets by listing
bungalows ranging from Rs 50 crore to Rs 300 crore, but there are not enough takers and
deal usually takes a year to conclude.
India Sotheby’s International Realty, which lists prime residential property, has started listing
luxury apartments as sale of independent bungalows and villas has slowed down due to the COVID19 pandemic. Developers, who are unable to find buyer in Indian market, are also looking for international tie ups to market globally.
Although, many businessmen are looking to monetise the real estate assets by listing bungalows
ranging from Rs 50 crore to Rs 300 crore, but there are not enough takers and deal usually takes a year to conclude.
Sotheby’s International Realty’s 'Keystone offering' for marketing new developments has taken on board three luxury projects post lockdown, to keep the fund flow going. Since 2018, when it
started the program in India, it has listed apartments from only four projects. “We have recently tied up with The Leela Sky Villas and Raheja Revanta. Keystone has 200
developments across 30 countries and inventory of over $20 billion. We will be leveraging our marketing platforms, team of local and international sales professionals and the entire network
of Sotheby's International Realty,” said Amit Goyal, CEO, India Sotheby’s International Realty. With pressure on margins and no visible upside on residential property prices, a rising number
of real estate developers are outsourcing their sales and marketing duties to IPCs (International Property Consultancies), to cut recurring costs and link their outflows to sales inflows.
otheby’s existing four projects are in Delhi, Mumbai, Kolkata, Colombo and Bengaluru with a total inventory of over $1 billion.
“The tie up will help us in reaching out to the Ultra HNI customers who value the finesse,
pathbreaking quality and detailed craftsmanship that we are offering,” said Nayan Raheja of Raheja Developers.
Raheja is executing Leela SkyVillas, which is the tallest planned tower of Delhi at (190 m).
Raheja Revanta is also one of the tallest towers (199m) in Gurugram and is surrounded by luxury hotels, golf courses, shopping malls and office developments.
Newspaper/Online The Economic Times ( online )
Date September 12, 2020
Link
https://economictimes.indiatimes.com/industry/services/property-/-
cstruction/luxury-real-estate-developers-rely-on-consultants-as-sales-
hit-due-to-covid/articleshow/78074964.cms
https://economictimes.indiatimes.com/industry/services/property-/-cstruction/luxury-real-estate-developers-rely-on-consultants-as-sales-hit-due-to-covid/articleshow/78074964.cmshttps://economictimes.indiatimes.com/industry/services/property-/-cstruction/luxury-real-estate-developers-rely-on-consultants-as-sales-hit-due-to-covid/articleshow/78074964.cmshttps://economictimes.indiatimes.com/industry/services/property-/-cstruction/luxury-real-estate-developers-rely-on-consultants-as-sales-hit-due-to-covid/articleshow/78074964.cms
Sales in luxury housing segment declined by more than 90 per cent, with all the listed players except Godrej reported decline in sales, according to an analysis by Investec, an international banking and wealth management group.
Last month, Sotheby had tied up with Krisumi Waterfall Residences, the first Indo-Japanese
Mega Real Estate Project in India. The downturn in the real estate market and slump in demand over the recent years has forced
many developers to deliver the responsibilities of their sales and marketing for projects to strategic consultants. ____________________________________________________________________________________________
Homebuyers may get flats by Diwali as UP government expedites
work on multi point meters for high rises
According to the developers, they were unable to offer possession of the completed flats
for the last two years after the power department had asked them to convert to multi
point power connections. The new connections were not feasible as extra cable needed to
be laid for it and most of the buildings didn’t have space.
More than 15,000 homebuyers in and around Noida might be in for an early Diwali as the Uttar Pradesh government is set to appoint an agency to convert single point power connections to
multi point in the city high rises, a problem that was a major hindrance for builders in handing over possession of flats to owners.
According to the developers, they were unable to offer possession of the completed flats for the last two years after the power department had asked them to convert to multi point power
connections. The new connections were not feasible as extra cable needed to be laid for it and most of the
buildings didn’t have space.
Additional capital investment also became a hindrance. Later, the authorities asked them to install a software which wasn’t functioning properly and
delivery of about 7-8 housing societies was stuck due to compatibility problems.
Unlike independent houses, where there is a separate meter for billing, in Uttar Pradesh high rises there’s a common single point connection for electricity consumption and residents often complain of high billing by the builders.
In a multi-point connection, every flat has a direct electricity supply from the discoms and home
owners are billed directly by the electricity provider instead of the builder as is the case with single point.
Currently, residents have prepaid meters in the house and money automatically gets deducted by the builder, who pays the electricity bill.
“There are about 12,000 to 15,000 units in Gautam Buddha Nagar and Ghaziabad stuck due to single and multi-point connection. Out of these, more than 7000 units are awaiting electricity
connection and almost equal no of units are preparing to apply for power supply,” said Subodh
Newspaper/Online The Economic Times ( online )
Date September 11, 2020
Link
https://economictimes.indiatimes.com/industry/services/property-/-
cstruction/homebuyers-may-get-flats-by-diwali-as-up-government-
expedites-work-on-multi-point-meters-for-high-rises/articleshow/78060827.cms
https://economictimes.indiatimes.com/industry/services/property-/-cstruction/homebuyers-may-get-flats-by-diwali-as-up-government-expedites-work-on-multi-point-meters-for-high-rises/articleshow/78060827.cmshttps://economictimes.indiatimes.com/industry/services/property-/-cstruction/homebuyers-may-get-flats-by-diwali-as-up-government-expedites-work-on-multi-point-meters-for-high-rises/articleshow/78060827.cmshttps://economictimes.indiatimes.com/industry/services/property-/-cstruction/homebuyers-may-get-flats-by-diwali-as-up-government-expedites-work-on-multi-point-meters-for-high-rises/articleshow/78060827.cmshttps://economictimes.indiatimes.com/industry/services/property-/-cstruction/homebuyers-may-get-flats-by-diwali-as-up-government-expedites-work-on-multi-point-meters-for-high-rises/articleshow/78060827.cms
Goel, Secretary of CREDAI (Confederation of Real Estate Developers Association of India)
Western UP. The association has taken up the matter of difficulty while converting the housing societies
from single point to multi-point at state level and further delay in overall process.
The builders claim that Paschimanchal Vidyut Vitran Nigam Limited (PVVNL) which is responsible for power distribution in Noida has not been allowing single point connections for the last 2 years.
On the other hand multi-point connections are also not available due to lack of adequate
infrastructure and smart meters. “PVVNL lacks proper software and meters which is affecting installation of smart meters as
well. Due to which many developers are unable to offer possession in their housing societies,” said Goyal, who has written several letters to the government in this respect.
According to VN Singh, chief engineer, Noida, in 2018, the order was to allow multipoint connection in the new societies and convert in the existing ones.
While the order to allow only multipoint connection in upcoming high rises was implemented
immediately, the conversion became an onerous task. “After several rounds of consultations, a detailed order was issued in August and now the
discoms have started the process of appointing an agency, which will collect data from builders and establish a process of billing. There will be a smart meter at individual houses and they can see the power consumption pattern,” Singh told ET.
__________________________________________________________________
Chennai: Number of approved plots rises as realtors regularise
layouts
The Chennai Metropolitan Development Authority (CMDA) has approved 57 housing
layouts comprising 4,461 plots in the city and suburbs that fall in the three neighbouring
districts between January and July this year.
The number of approved plots is on the rise in Chennai Metropolitan Area (CMA). Realtors said the trend means that authorised housing plots are coming for sale in the market and
promoters with unsold unapproved plots are regularising their layouts. The Chennai Metropolitan Development Authority (CMDA) has approved 57 housing layouts
comprising 4,461 plots in the city and suburbs that fall in the three neighbour ing districts between January and July this year. A majority of approved housing sites in 2020 are located in
the western suburbs such as Kundrathur, Poonamallee and Avadi. Eighty-two housing layouts with 4,285 plots were approved by the planning authority during the same period last year.
The rush by promoters with unapproved plots was the major reason for the jump in the number of applications seeking nod from the CMDA.
Founder president of the Association of Builders for Chennai Development, A Balasubramani,
said a large land parcel that was part of an unapproved layout where a few plots were sold and
sale deed was registered before October 20, 2016, was regularised under the amnesty scheme.
“Several promoters are applying to sell off the remaining unapproved plots in the regularised
layout after getting planning permission from the CMDA, including handing over 10% of Open
Space Reserve to the respective local bodies as per the development rules,” he said.
Builders Association of India state treasurer S Ramaprabhu said there was no dearth in takers of
the plot segment. “Unlike in apartments, price of housing plots that remain unsold will
appreciate every passing year,” he said.
The number of approved housing plots within CMA began to increase last year after the state
government launched a regularisation scheme for unapproved plots in 2017, in the light of a
litigation in the Madras High Court to end the menace of illegal convers ion of agriculture land
into unauthorised housing plots.
________________________________________________________________
Newspaper/Online ET Realty ( online )
Date September 14, 2020
Link
https://realty.economictimes.indiatimes.com/news/industry/chennai-
number-of-approved-plots-rises-as-realtors-regularise-
layouts/78098700
https://realty.economictimes.indiatimes.com/tag/chennai+metropolitan+areahttps://realty.economictimes.indiatimes.com/tag/chennai+metropolitan+development+authorityhttps://realty.economictimes.indiatimes.com/tag/cmdahttps://realty.economictimes.indiatimes.com/tag/kundrathurhttps://realty.economictimes.indiatimes.com/news/industry/chennai-number-of-approved-plots-rises-as-realtors-regularise-layouts/78098700https://realty.economictimes.indiatimes.com/news/industry/chennai-number-of-approved-plots-rises-as-realtors-regularise-layouts/78098700https://realty.economictimes.indiatimes.com/news/industry/chennai-number-of-approved-plots-rises-as-realtors-regularise-layouts/78098700
Why businessmen are not taking these plots 7 years on
The plot alottees say, the Authority is yet to develop the plots as well as the necessary
infrastructure like roads and sewerage connection in Sector 32. Some of the miffed
investors have even lodged a complaint at the Jansunwai portal.
Normally news of executing lease deeds evokes positive response among land allottees. But 339 entrepreneurs who have been allotted industrial plots in Sector 32 are reluctant to take
possession of their land even after seven years, despite the Yamuna Expressway Authority directing them to complete the lease deeds at the earliest.
This is because, the plot alottees say, the Authority is yet to develop the plots as well as the
Newspaper/Online ET Realty ( online )
Date September 14, 2020
Link https://realty.economictimes.indiatimes.com/news/industry/why-
businessmen-are-not-taking-these-plots-7-years-on/78098601
https://realty.economictimes.indiatimes.com/tag/yamuna+expressway+authorityhttps://realty.economictimes.indiatimes.com/tag/yamuna+expressway+authorityhttps://realty.economictimes.indiatimes.com/news/industry/why-businessmen-are-not-taking-these-plots-7-years-on/78098601https://realty.economictimes.indiatimes.com/news/industry/why-businessmen-are-not-taking-these-plots-7-years-on/78098601
necessary infrastructure like roads and sewerage connection in Sector 32. Some of the miffed
investors have even lodged a complaint at the Jansunwai portal. “I got a notice for completing the lease deed on August 19. But on reaching the site, I realised
there is no way we would be able to set up a factory on the plot. No roads have been constructed, sewerage lines yet to be laid, and water supply is also not available. Also the
electricity line has not been provided. What is the difference between a private builder and YEIDA,” asked one of the investors.
Planned off the Yamuna Expressway, plots in Sector 32 were floated in 2013, when YEIDA had
launched the industrial plot scheme for the first time. The Authority had floated a total of 821
industrial plots. Per sqm rate of the plot was pegged at Rs 5,500 at the time of launch. The rate
was increased to Rs 6,100 later due to additional farmers’ compensation.
TOI also found that necessary infrastructure work was going on in the industrial sectors 28, 29,
32, 33, 34 and 35. In Sector 32 in particular, road construction work is going on, while the
drainage network is yet to be fully developed. Also, the infrastructure and mobility required to
operate the industries will take two to three years in Sector 32. Patches of paddy fields are still
there and agricultural activity is also on.
“Majority of us have paid 90% of the allotment cost for the plots that were specified at the time
of launch. But it has been seven years and we have been waiting to get possession,” said
Tejveer Rana, president of Yamuna Expressway Entrepreneurs Association, a body formed for
coordinating with YEIDA in the matter.
When contacted, YEIDA CEO Arunvir Singh said, “Development ac tivity is happening at a
rapid pace in Sector 32 as well as other parts of the town. Sewerage line and drainage are almost
ready. Lease deeds will be carried out as the area has been developed.”
________________________________________________________________
https://realty.economictimes.indiatimes.com/tag/yeida
Gurugram civic body sets October deadline for property tax survey
The survey is conducted once in every five years. Residents need to give details like plot
area, covered area, use of building etc. on the basis of which property tax assessment is
carried out.
Property tax survey has started again in Gurgaon after a gap of five months. The civic body on Friday issued a public notice, requesting people to cooperate with the surveyors and provide
information about their properties. The deadline to complete the survey is October 2020. “The state government has authorised an agency to conduct the survey and the surveyors will
carry ID cards,” said Dinesh Kumar, zonal taxation officer, MCG. He added that the survey had started last year, but the exercise was stopped due to the pandemic.
The survey is conducted once in every five years. Residents need to give details like plot area, covered area, use of building etc. on the basis of which property tax assessment is carried out.
Moreover, property owners will also have to produce supporting documents like a copy of
electricity bills or any government ID card. The estimated revenue from property tax for the
2020-21 financial year is Rs 500 crore.
An official said that people are quite hesitant to let surveyors enter their premises and give their
property details. The notice was issued so that people are apprised that the authorised officials
are seeking property details. Moreover, the official said that Covid-19 has also become a
challenge for them since the survey has to be completed in a time-bound manner by October
2020.
It is stated in the notice that surveyors will follow all safety norms and will be wearing masks
and gloves and will use sanitizers and maintain social distancing.
________________________________________________________________
Newspaper/Online ET Realty ( online )
Date September 12, 2020
Link https://realty.economictimes.indiatimes.com/news/regulatory/gurugra
m-civic-body-sets-october-deadline-for-property-tax-survey/78071411
https://realty.economictimes.indiatimes.com/tag/property+taxhttps://realty.economictimes.indiatimes.com/news/regulatory/gurugram-civic-body-sets-october-deadline-for-property-tax-survey/78071411https://realty.economictimes.indiatimes.com/news/regulatory/gurugram-civic-body-sets-october-deadline-for-property-tax-survey/78071411
Stop all construction without EC in Jharkhand: NGT
The petitioner told that the Central Pollution Control Board (CPCB) had recommended
environmental compensation of about Rs 49 crore for the assembly building and around
Rs 80 crore for the high court building.
The National Green Tribunal has directed that all ongoing construction in Jharkhand without obtaining prior environmental clearance (EC) be stopped forthwith until the permission is
obtained. The NGT asked the state's Urban Development Department to ensure that Environment Impact
Assessment (EIA) of all the structures which have been raised in the municipal areas be done expeditiously in accordance with the procedure laid down in the EIA Notification 2006.
Similar action shall be taken in respect of the structures falling within notified Nagarpalika areas and Gram Panchayats, it said.
A bench headed by Justice S P Wangdi noted that the status report of Jharkhand reveals 35
major structures which have been constructed, admittedly without prior EC. "Environmental Compensation shall be assessed in respect of all the structures which have been
raised without EC and shall be recovered from the appropriate authorities/persons/builders/project proponent (as the case maybe) within a period of three
months from hence. "Environmental Compensation in respect of those which have already been assessed shall also
be recovered within the said period," the bench said. The petitioner told that the Central Pollution Control Board (CPCB) had recommended
environmental compensation of about Rs 49 crore for the assembly building and around Rs 80 crore for the high court building.
The tribunal said also directed initiation of disciplinary proceedings against the concerned Officers, the Municipal Commissioners and the State Pollution Control Board at the earliest
since the violations were being committed under the gaze of the concerned authorities.
"All ongoing constructions undertaken without obtaining prior EC shall be stopped forthwith until the environmental clearance is obtained.
"Action shall be initiated under section 19 of the Environment (Protection) Act, 1986 by the State Pollution Control Board forthwith against those who are responsible for the violations,"
Newspaper/Online ET Realty ( online )
Date September 12, 2020
Link https://realty.economictimes.indiatimes.com/news/regulatory/stop-all-
construction-without-ec-in-jharkhand-ngt/78073626
https://realty.economictimes.indiatimes.com/tag/national+green+tribunalhttps://realty.economictimes.indiatimes.com/tag/jharkhandhttps://realty.economictimes.indiatimes.com/tag/ngthttps://realty.economictimes.indiatimes.com/tag/cpcbhttps://realty.economictimes.indiatimes.com/news/regulatory/stop-all-construction-without-ec-in-jharkhand-ngt/78073626https://realty.economictimes.indiatimes.com/news/regulatory/stop-all-construction-without-ec-in-jharkhand-ngt/78073626
the bench said.
The CPCB had earlier told the NGT that the state government is liable to pay environmental
compensation of varying sums for the proposed Assembly Building (Jharkhand Vidhan Sabha)
and New Ranchi High Court Building & Residential Complex.
The tribunal was hearing a plea filed by activist R K Singh alleging that construction of various
buildings in the cities of Ranchi, Jamshedpur, Bokaro and Deogarh have been carried out
without obtaining mandatory prior environmental clearance under the Environment Impact
Assessment Notification, 2006.
It said that there are large number of major structures in the state which have not undergone the
EIA process.
The green panel had earlier constituted a committee comprising representatives from the
regional office of the MoEF and State Environment Impact Assessment Authority (SEIAA) to
verify the claims of the petitioner and submit a report.
________________________________________________________________
Landless can't be evicted despite not having title: HC
The court gave these directions while hearing an appeal by the residents of the village at
Taranagar in Churu district settled on a johar land who challengedg the eviction order by
a single bench of the high court.
Stating that every person has a right to life, the state cannot not evict any landless person from a land even if he did not have title of the land, a division bench of high court observed and barred
the government from removing residents of Sahava village in Churu district who inhabited a johar land.
The bench comprising Chief Justice Indrajit Mahanty and Justice Dinesh Mehta directed the government to verify the nature of encroachment as well as the land and make arrangements to
allot land and a building in case of encroachers being landless for 3-6 months. The court gave these directions while hearing an appeal by the residents of the village
at Taranagar in Churu district settled on a johar land who challengedg the eviction order by a single bench of the high court.
Moti Singh Rajpurohit, representing the petitioners, said over 300 houses had been built in the
village a long time ago but few people approached the high court terming it to be encroachment
demanding that encroachers be removed.
“The single bench had given directions to identify those encroachments, demolish them and
clear the land. These encroachers then challenged the order in the high court and prayed for
alternative arrangements,” said Rajpurohit.
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Newspaper/Online ET Realty ( online )
Date September 13, 2020
Link https://realty.economictimes.indiatimes.com/news/regulatory/landless-
cant-be-evicted-despite-not-having-title-hc/78086838
https://realty.economictimes.indiatimes.com/tag/churuhttps://realty.economictimes.indiatimes.com/tag/taranagarhttps://realty.economictimes.indiatimes.com/news/regulatory/landless-cant-be-evicted-despite-not-having-title-hc/78086838https://realty.economictimes.indiatimes.com/news/regulatory/landless-cant-be-evicted-despite-not-having-title-hc/78086838
Gujarat's rental housing policy kicks in with sops for corporates,
developers
The state’s affordable rental housing policy is a corollary to the union government’s
scheme for affordable rental housing for migrants launched in post Covid scenario in
India.
Corporates and industries will now be able to provide accommodation to their workers and employees and deduct rent from their salaries. This is one of the salient features of the
affordable rental housing complex (ARHC) policy, which was notified by the Gujarat government on Friday.
The state’s affordable rental housing policy is a corollary to the union government’s scheme for affordable rental housing for migrants launched in post Covid scenar io in India. The union
ministry of housing and urban affairs had released operational guidelines for the scheme in July this year.
Industries can now avail of AHRC benefits by developing residential colonies for their work force. They will be authorised to deduct rent from the salaries of their workers. To ensure that
poor and middle class workers can get affordable housing on rent, the government has allowed builders and developers of ARHCs to get an additional 50% Floor Space Index and other benefits.
Attractive scheme for builders
Lochan Sehra, secretary, housing & Nirmal Gujarat said, “There is a huge demand for
affordable rental houses in the state. By this policy, the state government aims to provide
maximum affordable homes to those who want the facility for a short period. Real estate
developers will also find the policy attractive. Poor housing conditions for labourers is a major
problem in the state and increases migration of workers. Standard of living for workforce will
improve at lower cost in the state.’’
Under the new ARHC policy, municipal corporations, municipalities, urban development
authorities (UDA), industrial development authorities like GIDC or any area notified by the
government will have to keep provision of ARHC in their respective areas.
The state government has set March 2020 as the date until which ARHC projects can be
completed under the PM Awas Yojna (urban). Projects approved before March 2022 will be
Newspaper/Online ET Realty ( online )
Date September 12, 2020
Link
https://realty.economictimes.indiatimes.com/news/industry/gujarats-
rental-housing-policy-kicks-in-with-sops-for-corporates-
developers/78086769
https://realty.economictimes.indiatimes.com/tag/gujarathttps://realty.economictimes.indiatimes.com/tag/rental+housing+policyhttps://realty.economictimes.indiatimes.com/news/industry/gujarats-rental-housing-policy-kicks-in-with-sops-for-corporates-developers/78086769https://realty.economictimes.indiatimes.com/news/industry/gujarats-rental-housing-policy-kicks-in-with-sops-for-corporates-developers/78086769https://realty.economictimes.indiatimes.com/news/industry/gujarats-rental-housing-policy-kicks-in-with-sops-for-corporates-developers/78086769
given a grace period of 18 months beyond the deadline and will be eligible for all other
incentives under the scheme.
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https://www.credaibengalhomes.com/
https://www.credaibengalhomes.com/
