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All townships and area development projects covering an area of more than 50 hectares or a built-up area of more than 1,50,000 square metres will now require environmental clearance. Similarly, building and construction projects with more than 20,000 square metres and more than 1,50,000 square metres of built-up area will also need clearance. Read more at: https://realty.economictimes.indiatimes.com/news/industry/chandigarh-mandates-environmental-clearance-for-large-construction-projects/121900298

State govt is likely to introduce two different bills in the monsoon session of the Goa legislative assembly, scheduled to be held from July 22, to regularise illegal structures on comunidade land and govt land. Read more at: https://realty.economictimes.indiatimes.com/news/infrastructure/goa-government-proposes-bills-to-legalize-illegal-structures-on-comunidade-land/121900099 #ETRealty #realty #news #property #realestate #trending #builder #construction

Hundreds of aggrieved home buyers staged a silent protest on Saturday against the inordinate delay in handing over of flats to them by the Shapoorji Pallonji Group and multiple extensions given by Karnataka Real Estate Regulatory Authority (KRERA) to the builder. The home buyers said that they were supposed to get flats at Parkwest Magnolia Tower 5 and 6 much before 2021, but COVID-19 came in the way facilitating the builder to get an extension from the KRERA. Read more at: https://realty.economictimes.indiatimes.com/news/residential/bengaluru-home-buyers-stage-protest-against-shapoorji-pallonji-for-delayed-flats-delivery/121899265

The Maharashtra cabinet has approved the state housing policy 2025 titled ‘Majhe Ghar – Majhe Adhikar’ (My Home – My Rights) with an investment outlay of ₹70,000 crore. The policy aims to construct 35 lakh homes over the next five years. Read more at: https://realty.economictimes.indiatimes.com/news/industry/maharashtra-cabinet-approves-state-housing-policy-2025/121297775

The Supreme Court has rejected the finance ministry’s petition seeking a review of its October judgement, which allowed real estate companies to claim input tax credits (ITC) on the construction cost for commercial buildings meant for renting purposes. Read more at: https://realty.economictimes.indiatimes.com/news/regulatory/sc-rejects-finance-ministrys-plea-against-input-tax-credits-for-commercial-rentals/121329313

The MREAT in recent judgment set aside a MahaRERA order of 2020, which denied relief to a buyer, for non-delivery of a flat by a developer, by stating that there was no registered agreement for sale. The tribunal directed the promoter to refund the amount paid by the Andheri-based allottee along with interest. Read more at: https://realty.economictimes.indiatimes.com/news/rera/mreat-rules-flat-sale-agreement-not-necessary-for-relief-under-real-estate-law/121403188

The Telangana Real Estate Regulatory Authority (TG RERA) imposed a penalty of 14.9 lakh on a real estate builder and its partners for failing to register their project ‘Aura Velimala Phase 1' in Velimala, Sangareddy district, under the provisions of the Real Estate (Regulation and Development) Act, 2016. Read more at: https://realty.economictimes.indiatimes.com/news/rera/telangana-rera-imposes-149-lakh-fine-on-builder-for-aura-velimala-project-failures/121403131

CBI has launched a probe into 24 real estate projects across Noida, Greater Noida, and off the Yamuna Expressway, investigating alleged financial irregularities in a subvention scheme that may have defrauded thousands of homebuyers. Read more at: https://realty.economictimes.indiatimes.com/news/regulatory/cbi-investigates-24-real-estate-projects-in-major-fraud-case-affecting-homebuyers/121353001

A major relief in the registration of rent agreements is on the cards. The department of stamp and registration is working on a proposal to reduce and cap the registration amount for lease deeds. The changes are being considered in light of the existing rules, under which registration is an expensive exercise. Read more at: https://realty.economictimes.indiatimes.com/news/residential/uttar-pradesh-government-to-cap-registration-fee-for-rent-agreements/121176621

Cooperative housing societies can apply for deemed conveyance online from Monday through the state cooperation department's dedicated portal — PRATYAY MahaBhumi — launched earlier this week. Read more at: https://realty.economictimes.indiatimes.com/news/technology/maharashtra-launches-online-portal-for-deemed-conveyance-applications/121393575