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06-Sept-2019

CREDAI Bengal Daily News Update | 06.09.19

WEST BENGAL NEWS

Many insecure buildings in Kolkata's Bowbazar: Experts

For several buildings in the affected zone in Bowbazar, which have had to be evacuated, were

already on the list of Kolkata Municipal Corporation’s list of insecure buildings.

The Metro tunneling mishap has only hastened the inevitable, believe structural engineers, architects

and civic officials.

For several buildings in the affected zone in Bowbazar, which have had to be evacuated, were

already on the list of Kolkata Municipal Corporation‟s list of insecure buildings.

“Many buildings that dot Durga Pithuri Lane, Shyakra Para Lane, Gour Dey Lane and Hidaram

Banerjee Lane were marked insecure and have been on the KMC building department‟s red zone for

years. At least, six buildings showed signs of decay and was of immediate concern. These buildings

may have survived a few more monsoons, but they would have perished sooner or later. We have

been worried about the safety of the people living in these buildings and their vicinity,” a KMC

official said.

It is not just the age of these structures. Lack of maintenance has also contributed to the buildings‟ ill

health. With tenants residing in several of them and paying extremely low rents, landlords haven‟t

taken up repair work for decades.

“In the past five years, we have had to demolish parts of several insecure buildings in Bowbazar as

they were a hazard. But there were many buildings in which we had been denied entry by the

occupants. In fact, unlike SN Banerjee Road and Lenin Sarani where KMRC engineers could carry

out detailed surveys on the health of the buildings before the TBM passed through the area, the

engineers were unable to properly assess of several houses in the lanes and bylanes of Bowbazar as

the occupants denied them entry.

Newspaper/Online ET Realty (online)

Date September 05, 2019

Link https://realty.economictimes.indiatimes.com/news/residential/many-insecure-buildings-in-kolkatas-bowbazar-experts/70992817

Bowbazar, which had organically developed on the northern edge of „Sahib Para‟ or the English

neighbourhood in the mid-19th and early 20th century hasn‟t changed much over the years.

Bowbazar was inhabited by people who sustained their livelihood on the babus who lived north of

Dalhousie and traders who frequented the port city. Goldsmiths and sex workers who had set up

businesses in these lanes and bylanes still continue to operate here.

“Most of the houses in Bowbazar are over a century old. Unlike the palatial buildings of the babus,

the houses built for these small businessmen and traders were modest. They weren‟t designed by

architects but by „mistris‟ who had learned the art of building houses through experience and

replicated them. Most of these buildings were not particularly well-designed,” architect Partha Pratim

Das said.

The lime-brick-mortar load-bearing structures had the buildings‟ load distributed over the walls.

While they have been resilient to minor earthquakes and have withstood minor cracks, they were not

designed to resist subsidence and toppled when it occurred on Saturday.

Though the buildings don‟t look too impressive, Das says the distorted version of colonial

architecture that the buildings showcase brought homogeneity to old Kolkata neighbourhoods like

Bowbazar, Chitpur, Shyambazar and Bagbazar.

The houses sported simple features like cast iron railings in balconies, wooden louvres on the

verandah, louvred windows with iron rods called „gorad‟ and jack arches and mouldings on the

facade. The roof was supported by wooden beams. It was only after Railways arrived in the mid-19th

century that people realized the strength of steel. Gradually, the wooden beams were replaced by iron

joists.

Some houses also have a small courtyard that had a small tank or „chowbachha‟ where people

bathed. “Residents lived on the first floor. The ground floor was usually neglected and continues to

be so because the habits of people residing there for generations haven‟t changed much,” remarked

restoration architect Dulal Mukherjee.

Like old Delhi and Jaipur, buildings are lined up against one another without any space between

them. This makes the houses vulnerable in a situation that has now risen because if one building goes

down, it causes collateral damage to the two buildings flanking it.

Mukherjee says proximity of the buildings reflected the tendency of its residents to huddle together

for security. Since the houses are so closely packed, rooms don‟t have any ventilation. Residents,

therefore, spent a lot of time on the terrace except on summer afternoons and in the monsoon. One

could even cross over from one terrace to the other, something that Naxals did when chased by cops

in the 1970s.

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OTHER NEWS

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Newspaper/Online The Telegraph


Link https://epaper.telegraphindia.com/imageview_290569_17413420_4_71_06-09-2019_6_i_1_sf.html

SBI plans to review repo-linked home loan

Under the repo-linked home loan, the bank was offering loans to only those with a monthly

income of Rs 50,000.

SBI will review its existing repo rate-linked home loan following the RBI directive that all

retail loans should be linked to an external benchmark. The bank will also try to link interest rates on

deposits to floating rate benchmarks.

Even after it was launched in July, most of the bank's borrowers were choosing the marginal cost of

lending rate (MCLR) over the repo rate as the bank had put in safeguards to ensure that only

customers who can deal with volatility avail such loans.

This resulted in more MCLR-linked loans being availed than those with repo-linked rates.

Under the repo-linked home loan, the bank was offering loans to only those with a monthly income

of Rs 50,000.

Also there is a condition that the borrower has to repay at least 3% of the principal as part of the loan.

Borrowers were also told that the instalments would not be equal and would shrink over the tenure of

the loan.

Since the repayments were frontended the borrower would require a higher income eligibility as

compared to the conventional MCLR loan.

SBI MD PK Gupta said that "when we introduced this we were not sure how people will be able to

manage frequent changes in interest rate, which is why we had a slightly higher eligibility criterion.

Now if there is going to be only one product we will have to normalise eligibility for home loans".

"Unless we have some liabilities that move in tandem with the benchmark we will have issues in

maintaining our margins. We will have to look at the entire structure of liabilities and take a call,"

said Gupta Bankers are saying that not only bank deposits but also interest rate on small savings

should be linked to the repo rate.

The interest rate on small savings, which is fixed by the government, often serves as a floor for bank

deposits.

In addition to managing liabilities, banks face a challenge in educating customers. According to

retaillending-.com founder & director Sukanya Kumar, the fact that there is going to be only repo-

linked lending rate is a positive development as both customers and in many cases those distributing



Link https://realty.economictimes.indiatimes.com/news/allied-industries/sbi-plans-to-review-repo-linked-home-loan/71002269

the loans were not aware of the features of the repo-linked rate resulting in many going for loans

linked to the MCLR.

According to Kumar, the volatility in rates should not be an issue as borrowers always have the

option to get their loans refinanced if rates are not in line with market.

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MahaRERA says MoU proof enough for ownership

The complaint said the developer had assured possession in 2016, but in 2017, unilaterally

changed the possession date to July 31, 2022.

Though two homebuyers had only a Memorandum of Understanding (MoU) as evidence that they

invested in a flat in an Oshiwara highrise, the Maharashtra Real Estate Regulatory

Authority (MahaRERA) has ruled that it is proof enough of ownership and directed the developer to

refund Rs 82.95 lakh with 10.75 per cent interest from 2012.

According to the complaint, Krishna and Veena Agarwal had booked flat no 2202 in Verona Tower

S3 in Oshiwara, a project by Sahyog Homes Ltd, in 2012 and paid Rs 82.95 lakh out of the flat cost

of Rs 89.41 lakh.

The complaint said the developer had assured possession in 2016, but in 2017, unilaterally changed

the possession date to July 31, 2022.

The complaint also said that on the MahaRERA portal, the developer has mentioned that 40 floors

are proposed, 28 are completed, but the Commencement Certificate is only till 27th floor; therefore,

the Agarwals want to withdraw from the project and seek refund of their investment with interest.

During the hearings, the developer claimed that the Agarwals were not homebuyers but investors and

that the MoU was not registered.

MahaRERA member Madhav Kulkarni observed that the Appellate Tribunal had held that even in

the absence of a registered agreement, such complaints are maintainable.

Stating that the developer should not have accepted such a huge amount when the project was not

progressing as per schedule, Kulkarni held that the builder had failed to deliver possession of the flat

as per agreement and directed the company to refund the paid amount from the date of payment till

final realisation.

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Link https://realty.economictimes.indiatimes.com/news/industry/maharera-says-mou-proof-enough-for-ownership/71002224

Lenders optimistic of supporting the resolution plan: DHFL

DHFL has become the poster boy of the NBFC (non-banking financial company) crisis that

afflicted the financial sector after the infrastructure lender IL&FS went belly up last

September.

DHFLoptimistic of supporting the resolution plan that will ensure a positive outcome for all. The

consortium of 31 lenders led by Union Bank of India is still working on the resolution.

DHFL has become the poster boy of the NBFC (non-banking financial company) crisis that afflicted

the financial sector after the infrastructure lender IL&FS went belly up last September.

"As we concluded the financial year 2018-19, the search to bring in an equity partner with a strong

interest in continuing with the growth of our retail business has reached a promising phase," DHFL

said in its annual report 2018-19.

"Lenders are optimistic of supporting the resolution plan that will ensure a positive outcome for all.

We are optimistic of getting the company back on the path of glory while retaining the trust your

company has witnessed," it said.

It further said the company will originate all future loans with a strong focus on securitisation, which

will be the thrust of our future growth.

Cross-sell will continue to remain yet another area of strength and the company will build some

strong product offerings to supplement customers' needs, it said.

For the financial year 2018-19, DHFL posted a loss of Rs 1,036 crore. It logged a profit of Rs 1,240

crore in 2017-18.

Meanwhile, the company defaulted on interest payment of some of debentures which was due on

September 3.

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Link https://realty.economictimes.indiatimes.com/news/allied-industries/lenders-optimistic-of-supporting-the-resolution-plan-dhfl/71002111

NCDRC orders Orris Infrastructure to deliver flat in Greenopolis by

November 2019

NCDRC also noted the Orris and Three C Shelters have entered into an agreement without

permission of the DTCP Haryana which may attract action against both of them.

The National Consumer Disputes Redressal Commission (NCDRC) has ordered Orris Infrastructure

to complete the construction work and handover the possession of a flat in its Greenopolis project by

November 30, 2019 after obtaining occupancy certificate (OC).

The company has also been ordered to pay 6% per annum interest on the amount deposited by the

buyer from the due date of possession till the actual date of possession.

"If the possession is not delivered till November 30, 2019, the buyer shall be at liberty to take refund

of the total deposited amount alongwith 10% per annum interest," said the court.

According to the plea filed by the home buyer, through its advocate Aditya Parolia, Nivedita Grover

and Kumar Pradyuman, he booked an apartment in Greenopolis project situated in Sector

89, Gurugram in 2012. The builder promised to deliver the apartment in 42 months from the date of

issuance of allotment letter.

The buyer made a payment of Rs 74.07 lakh till date but the project was halted in 2016. Buyer also

claims that the builder also made changes in project layout.

Orris Infrastructure however stated that it is only the land owner and Three C Shelters is the

developer. As per this development agreement, 35% units are to be sold by them and 65% units are

to be sold by Three C Shelters. Hence, the project has been delayed by them and it is not responsible

for paying any compensation.

It further said that it will complete the first phase of the project by March 31, 2019 and the second

phase by December 12, 2019 and third phase by September 30, 2020 as per the discussion with

Haryana RERA (H-RERA).

Three C Shelters, on the other hand stated that Orris is the owner of the project and has taken entire

amount paid by the buyer. Hence, Orris Infrastructure is responsible for refund. It further argued that

buyer has not paid any amount to them.

The court however said that both companies have not been able to complete the project in time. It



Link https://realty.economictimes.indiatimes.com/news/regulatory/ncdrc-orders-orris-infrastructure-to-deliver-flat-in-greenopolis-by-november-2019/71001029

was a joint project hence both are responsible for delay. However, as Three C Shelters has not

received any amount of money from the buyer its joint liability cannot be considered in the present

case.

NCDRC also noted that in the said H-RERA proceedings it was observed that the Oris

Infrastructure and Three C Shelters have entered into an agreement without permission of the

DTCP Haryana which may attract action against both of them. Even the EDC and IDC

charges have not been paid to the competent authority by them.

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Dehradun civic body achieves only 10% of house tax revenue target

For this fiscal, the DMC has set an ambitious target of collecting Rs 75 crore as house tax,

which is three times more than the last fiscal’s target.

In the first five months of the ongoing fiscal year, the Dehradun Municipal Corporation (DMC) has

been able to collect only about 10% of its total house tax revenue target.

For this fiscal, the DMC has set an ambitious target of collecting Rs 75 crore as house tax, which is

three times more than the last fiscal‟s target. Last year‟s target of Rs. 25 crores was successfully

achieved by the DMC.

This fiscal‟s target was kept high as the house tax rates were increased by 20% last year and the total

number of wards under the DMC was increased to 100.

Earlier, there were only 60 wards under the DMC. The 40 new wards have a lot of commercial

properties in it, including private colleges and other commercial buildings.

The residential properties in these new wards have been exempted from paying tax.

Notably, the rate of house tax varies is different for every ward and is different for commercial and

residential properties.

A DMC official requesting anonymity told TOI, “We set a higher target than the last one every year

but the target has been increased way too much for this fiscal. Despite the increase in the house tax

rates, a target of Rs 75 crore looks far-fetched. Also, the residential properties in these 40 new wards

have been exempted from paying tax for around 10 years. Then, some residential properties which

are part of the old wards get some tax relaxation depending on how old they are.”

When queried about the sluggish pace of tax collection, the official said, “This always happens since

the bulk of our collection comes from the commercial properties. The collection from commercial

properties picks up pace in the second half of the fiscal year. At present, the residential properties

owners are paying their house tax. Hopefully, the commercial properties owners will start paying tax

from next month.”

House tax revenue is an important source of income for the DMC and the amount is used for various

activities, including payment of salaries, and others.



Link https://realty.economictimes.indiatimes.com/news/regulatory/dehradun-civic-body-achieves-only-10-of-house-tax-revenue-target/70990068

Nashik civic body issues warrants to 1,252 property tax defaulters

These defaulters owe Rs 15.75 crore to the civic body.

The Nashik Municipal Corporation (NMC) has issued warrants to a total of 1,252 property tax

defaulters for not paying their dues despite sending them two notices.

These defaulters owe Rs 15.75 crore to the civic body. The NMC has now given an ultimatum of 21

days to the defaulters to clear their dues. Failing to do so, will lead to seizure and auction of the

properties.

An NMC official said the civic body has decided to resort to such tough stand as the defaulters failed

to respond to the earlier notices sent to them.

“There has been a drop in collection of property tax as compared to that of the last year. Thus, the

administration has decided to take tough action against the defaulters,” he said.

The NMC has set a property tax target of Rs 218 crore for the current fiscal 2019-20. However, it

could only collect around Rs 17 crore by June 20. Taking serious cognizance of this, municipal

commissioner Radhakrishna Game had directed the officials concerned to start taking stern recovery

drive against the defaulters.

Accordingly, the NMC had also issued warrants to over 900 tax defaulters in the second half of June

and over 170 properties were put for auction in the first phase. But most of the defaulters cleared

their dues. This overall led to rise in property tax collection during the past two-and-a-half months

and the NMC‟s property collecting to Rs 64 crore.

The NMC wants the collection to swell in the next couple of months. Hence, they have initiated

second round of action against the property tax defaulters.

“In the second phase, we have targeted 1,252 big tax defaulters who have dues over Rs 1 lakh each.

The warrants have been sent to them giving an ultimatum of 21 days to pay their dues or face action

of seizure and auction of their properties,” the official said.

Maximum tax defaulters to whom the warrants have been issued are from Nashik West division

(733) with dues of Rs 7.78 crore, followed by Cidco division (200) owing Rs 2.16 crore.

Last financial year, the NMC had collected property tax amounting to Rs 112 crore. It was for the

first time that the civic body‟s property tax collection target had crossed the Rs 100 crore-mark.



Link https://realty.economictimes.indiatimes.com/news/regulatory/nashik-civic-body-issues-warrants-to-1252-property-tax-defaulters/70993152

Mapsua civic body declares four buildings unsafe

Notices have been sent to the four buildings to carry out repair work, and in case of non-

compliance, they may be demolished, said Braganza.

Mapusa Municipal Council chairperson Ryan Braganza said that the municipality building, old

municipality building, old mamlatdar building, and the Deshprabhu building have been declared

unsafe.

Notices have been sent to the four buildings to carry out repair work, and in case of non-compliance,

they may be demolished, said Braganza.

“We will try and carry out the demolition before they collapse and create problems for commuters,

since the buildings are located on the main road,” he said.

Braganza was addressing reporters days after the old civil registrar‟s building at Mapusa collapsed

due to heavy rain since the past few days, causing a lot of inconvenience to commuters. The process

of clearing the debris of the collapsed building is currently under way.

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Link https://realty.economictimes.indiatimes.com/news/regulatory/mapsua-civic-body-declares-four-buildings-unsafe/70991534

NCDRC directs Unitech to give compensation at 8% interest to home

buyers

It directed the company to complete construction of the flats within nine months and to hand

over the possession of those to home buyers in two months of obtaining occupancy certificate.

The country's apex consumer panel, the NCDRC, has directed Unitech to pay compensation to 33

home buyers, complete construction of the flats within nine months and hand over the possession to

them. The National Consumer Disputes Redressal Commission (NCDRC) has asked the real estate

giant to pay compensation to the home buyers at the rate of eight per cent from the date committed

for delivery of possession of the apartments till the day on which the possession would be offered.

It directed the company to complete construction of the flats within nine months and to hand over the

possession of those to home buyers in two months of obtaining occupancy certificate.

"The opposite party, namely, Unitech Limited shall complete construction of the flats allotted to the

flat buyers, in all respects, within nine months from today," NCDRC Presiding member V K Jain,

said.

The panel also directed Unitech to pay Rs 50,000 as litigation cost to the complainants. It said that

any balance payable amount towards the price of the flat shall be adjusted out of the compensation

payable to them.

The complainants had booked flats in Unitech's project, 'Uniworld', which was to be developed in

Noida, Sector 117.

The allotments to the complainants were made on different dates in 2009, 2010 and in the year 2011.

According to the allotment letters issued to them, the possession was to be delivered to the allottees

within 36 months.

The complainants alleged that they were not offered possession despite having made substantial

payment to Unitech.

________________________________________________________________



Link https://realty.economictimes.indiatimes.com/news/regulatory/ncdrc-directs-unitech-to-give-compensation-at-8-interest-to-home-buyers/70998395

Realty dream sours as land prices depreciates in Amaravati

IT professionals, doctors, businessmen and many from the middle classes in AP and Telangana

looked at the upcoming dream capital city of the Andhras as a new destination to own a house.

Glossy designs of skyscrapers amidst landscaped gardens, picturesque artificial lakes, a metro rail

network and super-wide roads accompanied by a high-pitched publicity blitzkrieg attracted

everyone‟s attention to the greenfield city of Amaravati.

IT professionals, doctors, businessmen and many from the middle classes in AP and Telangana

looked at the upcoming dream capital city of the Andhras as a new destination to own a house.

They saw a new Hyderabad emerging in Amaravati and borrowed from banks to buy property. Many

of them pooled money for joint investment.

The dream, however, did not long last and many of the investors in real estate in Amaravati are

uncertain about the future of their investment now. With a lull in construction and the state

government silent on the future of the capital, the Amaravati dream seems to have soured.

Those who invested in Amaravati are staring at the capital getting eroded with depreciating land

values.



Link https://realty.economictimes.indiatimes.com/news/industry/realty-dream-sours-as-land-prices-depreciates-in-amaravati/70990481

As land prices in Tullur and Mangalagiri mandals skyrocketed immediately after the then TDP

government announced the location of the capital five years ago, people had come up with an

innovative idea of pooling money to buy plots or houses.

Gangadhar, a software engineer, had joined hands with four of his friends to buy 0.5 acres near

Neerukonda village. Together they invested Rs 1 crore to buy the land with equal share among

themselves.

“After seeing the grand plans of the previous government to develop Amaravati as one of the best

cities in the world by taking Singapore on board for master plan development and the city prototype

graphics that followed, we thought it was a wealth creating opportunity. But now land values have

come down by more than half. As on today if we want to come out of the investment, we have to sell

the land for 50 per cent less price,” says Gangadhar.

Same is the case with Dr M Harshavardhan from Khammam in Telangana, who works in Singareni

Collieries. He and 11 others purchased two plots.

Interestingly, some of them with whom he is sharing the undivided land do not even know him. He

said he came to know about them through a friend.

“We have people from Jangareddygudem, Gannavaram, Manuguru, Rajahmundry and Hyderabad in

our group,” says Harshavardhan, adding that he purchased the land as a long-term investment for the

marriage of his daughters.

“At the time we bought the lands, the situation was like we may not get the chance again if we miss

the opportunity. As I had studied medicine in Guntur, I have personal connect with the area too and

decided to invest in Amaravati with the hope that the value will get appreciated as the city takes

shape. But now the situation looks grim with the uncertainty over the capital city project,” he rues.

Rajendra, a real estate broker from Tullur, said he used to get about 10 enquiries a day but now he is

getting calls only from worried investors. “Everyone is worried about ending up in losses if the

capital project does not take the shape as it was projected to be,” he says.

Many land transactions took place in nearby villages like Pedaparimi, Neerukonda, Khaja and

Namburu too, apart from the capital villages. People, who purchased in groups, are mostly

employees.

“We have facilitated land purchases for employees of banks, railways, software companies and even

government departments. All of them are worried about their investments now,” adds Rajendra.

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Visakhapatnam realtors wants 10% mortgage norm gone

According to the developers, this norm prevents them to sell off the area at the time of

construction.

Real estate developers in Visakhapatnam are demanding that the 10% mortgage norms be done away

with. Under the norm, a developer has to mortgage 10% of a project area to the Greater

Visakhapatnam Development Corporation (GVMC) at the time of getting the plan sanctioned.

They can release the mortgage area after they obtain a completion certificate from the civic body.

According to the developers, this norm prevents them to sell off the area at the time of construction.

Moreover, even after construction and having obtained the completion certificate, it takes months to

get the property released from court. As a result, they are compelled to sell off the portion at a

depreciated rate, developers claim.

Speaking to TOI, Koteswara Rao, president of the Visakhapatnam chapter of Credai (Confederation

of Real Estate Developers' Associations of India) said, “Say a developer is constructing 10 flats each

measuring 1,500 square feet and 10 parking lots each measuring 120 sq feet. Then the developer has

to mortgage one flat and one parking lot to the GVMC through the court at the time of getting the

plan sanctioned.”

“The developer can only release the area once the GVMC is satisfied with the construction and issues

a completion certificate. Developers have a tough time selling the flat,” he added.

A GVMC official said that the norm is meant to ensure that developers do not divert from the

sanctioned plan at the time of construction.

Moreover, they cannot sell the mortgage portion prior to getting the completion certificate. Therefore

they try to complete the project on time. This helps buyers who had paid on advance at the time of

construction.

“The norm has been in place for years. And it is because of this norm that diversion from sanctioned

plan is very rare here. We cannot dismiss such a useful norm overnight,” an official from the

building department of GVMC said.

Developers on the other hand maintain that often, in case of a big project, they start signing

agreements with prospective buyers at the time of construction.



Link https://realty.economictimes.indiatimes.com/news/industry/visakhapatnam-realtors-wants-10-mortgage-norm-gone/70993546

They use the advance received for the construction. But because of the norm, they cannot sell those

portions mortgaged to the GVMC.

“Often after construction, we manage to release the flats within a year. But then, we have to sell

these flats at depreciated rates. Andhra Pradesh has introduced the Real Estate (Regulation and

Development Act) which is quite stringent. Then what is the use of implementing another tough

norm?” asked S Srinivas, a senior executive of a city-based real estate firm.

___________________________________________________________________

Agra development body stops construction of PMAY houses

The TTZ is a defined area of 10,400 sq km around the Taj Mahal to protect the monument

from pollution.

The Agra Development Authority (ADA) has informed the central government that it will not be able

to construct houses under the Pradhan Mantri Awas Yojna (PMAY) in the eco-sensitive Taj

Trapezium Zone (TTZ) owing to a ban imposed by the ministry of environment, forest and climate

change on construction activities within 5,000 square metres.

The TTZ is a defined area of 10,400 sq km around the Taj Mahal to protect the monument from

pollution. It covers five districts in the Agra region and comprises over 40 protected monuments,

including the Taj Mahal, Agra Fort and Fatehpur Sikri.

“Due to ad hoc moratorium imposed by the environment ministry, construction of houses under the

PMAY scheme could not take place. Following approval of higher authorities, we have asked the

central government to cancel the assigned target. We have proposed to re-assign the target for

construction of houses after the ad hoc moratorium is removed,” ADA secretary RP Tripathi said.

Meanwhile, four private builders, who entered into a contract with the ADA to build houses, have

sought s refund of their security money, sources privy to the development told TOI.

In November 2018, when the target for construction of houses was assigned to ADA, the

environment ministry had placed ban on construction activities on 20,000 square meters around the

Taj Mahal.

But later, the ad hoc moratorium was made applicable on construction activites within 5000 square

meteres.

___________________________________________________________________



Link https://realty.economictimes.indiatimes.com/news/residential/agra-development-body-stops-construction-of-pmay-houses/70986364

Haryana Waqf Board properties' records to be digitally mapped

Alam said that the 100 per cent digitization of Waqf records and geographic information

system (GIS) mapping of Waqf properties has been included in this initiative.

Jane Alam, the joint secretary from the ministry of minority affairs said that the Government of

India (GOI) has decided to implement several programmes with specific targets in various ministries

during 100 days commencing from July 5 to October 15, 2019.

Alam said that the 100 per cent digitization of Waqf records and geographic information system

(GIS) mapping of Waqf properties has been included in this initiative.

The conference was also organised and attended by the officers and staff members of the Waqf

Board in Ambala Cantonment on Wednesday.

Dr Hanif Qureshi, IGP, Law and Order, Haryana and administrator Haryana Waqf Board said, "The

work of GIS mapping of the Waqf properties is being done on war footing level under the Qaumi

Waqf Board Taraqqiati Scheme (QWBTS) of the ministry of minority affairs of GOI."

Joint Secretary Alam said, as per the national Waqf Management System of India (WAMSI) data

inventory dated July 31, 2019, the HWB has taken a lead in the country after uploading 8,542 Waqf

properties in the online system.

Qureshi told, "This is being done to put Waqf properties to efficient use and keep encroachers at bay

and geotagging is being done and around 6,676 photographs have been uploaded in WAMSI online

system. The Haryana Waqf board achieved the targets of digitization in record time."

The officials said that the union minister of minority affairs, Mukhtar Abbas Naqvi conferred the

"Award of Excellence in management of Waqf" to the HWB, and the award was received by

administrator Qureshi, carrying a plaque, a citation, a shawl and cash prize of Rs 1 lakh.

As per the information, the HWB has set up a centralised computing facilities (CCF) at its

headquarters at Ambala Cantonment under the computerization scheme of the central government.

Alam told, "Till date, the HWB has completed WAMSI registration modules registering 12,560

Waqf properties by giving unique identification code to each of them and completed 100%

digitization of properties."

The conference in Ambala was attended by board officials including Imteyaz Khizar administrative

officer, Mohd Israil accounts officer, Aas Mohd Waqf officer, Mohd Mubarak welfare officer, Ayaz

Mahmood officer in-charge lease, and Deen Mohd office in-charge legal section.



Link https://realty.economictimes.indiatimes.com/news/technology/haryana-waqf-board-properties-records-to-be-digitally-mapped/70994029

__________________________________________________________________

Building plan approval system to go online in Uttar Pradesh

A senior GDA official said the software will be ready in the next 15 days and at present, digital

signatures of officials are being created for the system.

The online building plan approval system will be in place across Uttar Pradesh in the next 15 days

and once it becomes operational, no maps would be approved offline.

Officials said applications for approval would have to be submitted online and junior engineers will

have to inform the applicants about any objections within seven days of that date. After the stipulated

time period, officials will not be able to raise any objections regarding the plan.

A letter issued by Deepak Kumar, the principal secretary, housing and urban planning department,

stated that under a government order issued on June 20, 2019, authorities and parishads will have to

give approvals to maps and layouts within 30 days of submission.

“After an application is received and the required fee has been paid, officials at the junior engineer

level are to inform applicants about all sorts of objections they might have within a maximum period

of seven days. After that, no objection can be raised at any level. Offline approvals would be stopped

immediately. Any violation will be taken seriously,” the letter had stated.

A senior GDA official said the software will be ready in the next 15 days and at present, digital

signatures of officials are being created for the system. The new system will bring in transparency

and reduce inconvenience for the applicants.

After an application is received, along with the building plan, a junior engineer will conduct a spot

inspection and check the plan in accordance to the by-laws. After it is approved, the plan would be

reviewed by senior officials and an approval would be granted. Subsequently, a completion

certificate would be issued.

At present, the development authorities rely on manual methods of approving layouts, which is a

time-taking process. Building plans are physically examined by officials concerned to check if they

are in accordance to by-laws or land use patterns.

Some online approvals are carried out by Ghaziabad Development Authority (GDA). But those are

limited to “low-risk” (those developed by GDA itself or by private agencies backed by the

development body).

___________________________________________________________________



Link https://realty.economictimes.indiatimes.com/news/technology/building-plan-approval-system-to-go-online-in-uttar-pradesh/70996303

NHSRCL to acquire Godrej Group's alternate land for bullet train

project

The Maharashtra government, claims that the plot offered by Godrej forms part of land it has

staked claim to in a suit filed against the company in 1973.

National High Speed Rail Corporation Ltd (NHSRCL) will now have to acquire a 10 acre alternate

plot in Vikhroli which the Godrej Group, Mumbai‟s biggest private land owner, offered for the

proposed bullet train project, through a land acquisition process after hearing all parties on the

amount of compensation to be paid.

The Maharashtra government, claims that the plot offered by Godrej forms part of land it has staked

claim to in a suit filed against the company in 1973.

The suit is still pending before the Bombay high court. Last year, Godrej had challenged a notice for

acquisition of another of its plot near Eastern Express highway for the Mumbai-Ahmadabad bullet

train project.

It offered an alternate plot which NHSRCL has accepted as feasible, after having it checked by its

experts.

The Bombay high court bench of Justices Amjad Sayed and PD Naik on Wednesday disposed of the

petition filed by Godrej & Boyce Manufacturing Co Ltd saying it has worked itself out in as much as

an alternate plot is now accepted as the location for the bullet train project.

But the HC left contentions of all parties open. The acquisition for a public project has to be under

Right to Fair Compensation & Transparency in land Acquisition, Rehabilitation & Resettlement Act,

2013.

The offer of the alternate land was accepted, but the question was how it is to be acquired.

Last month the HC had sought state advocate general Ashutosh Kumbhakoni to step in to resolve an

issue that had sprung in negotiated acquisition process of that alternate plot of land after the

company's counsel Navroz Seervai said the state was being “obstructionist‟‟ and trying to keep it

getting Rs 572 crore in lieu of the land.

Under the new land acquisition act, there are two ways to acquire; one is by private negotiations and

other is the long-drawn acquisition process.

Kumbhakoni informed the court earlier that he had held a couple of separate meetings with Godrej

and their solicitors and Bullet train authorities and the additional solicitor general Anil Singh and one



Link https://realty.economictimes.indiatimes.com/news/infrastructure/nhsrcl -to-acquire-godrej-groups-alternate-land-for-bullet-train-project/70993211

joint meeting but the issue could not be resolved through a mutual agreement.

Seervai counsel for had argued earlier that the company accepted Rs 229 as a land price (for

government land) which the collector mentioned even though the company said market value of the

land which is “a private land” is actually Rs 450 crore.

The acquisition of a private land for public project allows for 100 per cent solatium (money given as

a compensation for loss) and in this case an additional 25 per cent.

The amount togged up to Rs 572 crore. Godrej had offered to return entire amount without interest if

it loses against the state in the suit and the amount would go to the state, the state however had said it

wanted the return with interest.

___________________________________________________________________

Thiruvananthapuram corporation to monitor town planning projects

The civic body has formed a 14-member sub-scheme city-level committee for monitoring

progress and formulation of LAP and TPS.

The town planning department will have to tackle varied challenges in implementing local area

plan (LAP) and town planning scheme (TPS) for which areas have been earmarked by the city

corporation.

The civic body has formed a 14-member sub-scheme city-level committee for monitoring progress

and formulation of LAP and TPS.

The capital is one among the 25 cities in India which have been chosen for the implementation of

LAP and TPS as part of AMRUT project on a pilot basis.

Palayam, Thycaud,Vazhuthacaud and Thampanoor have been chosen for LAP and Mulloor,

Venganoor, Kottapuram and Vizhinjam have been chosen for TPS.

In TPS, existing land holdings are merged and redistributed in a planned manner after making

deductions for street right-of-way and land for public use as per the note on the formulation of LAP

& TPS issued by the ministry of housing and urban affairs.

LAP and TPS are conceived in such a way that landowners derive immense benefits as they receive

developed plots within an organized layout, along with all urban services like roads and other

urban infrastructure.

The cost for providing urban infrastructure and amenities under such LAPs and TPS can be financed

through value capture financing (VCF) tools such as betterment charges and sale of reserved plots.

The ministry of housing and urban affairs (MoHUA) has already formulated a value capture policy

framework and started its implementation.

Unlike states like Gujarat, finding large parcels of vacant landholdings for planned urban expansion

in the city will be the major challenge, the project officials pointed out. “So, the techniques

prescribed by the centre for implementing LAP might have to be reworked to suit our

circumstances,” an official said.

The presence of large built-up area will be the major hurdle to implement TPS. “Dearth of extensive

strips of uninhabited land will force us to work out a new model for implementing pilot schemes of

LAP and TPS. Getting small parcels of land from owners will be another task,” the officials said.

The framework on value capture financing prepared by MoHUA cites examples of Mumbai



Link https://realty.economictimes.indiatimes.com/news/infrastructure/thiruvananthapuram-corporation-to-monitor-town-planning-projects/70986405

Metropolitan Region Development Authority and City & Industrial Development Corporation Ltd of

Maharashtra which have used different value capture methods to finance infrastructure development

in urbanizing areas.

Besides, it adds cases of Haryana and Gujarat which have successfully used land pooling schemes.

___________________________________________________________________

Building automation firm 75F raises Rs 130 crore in Series A funding

Building Ventures, Revolution’s Rise of the Rest Seed Fund, and Clean Energy Trust also

participated in the round.

Wireless building automation firm 75F has raised $18 million (Rs 130 crore) in Series A funding co-

led by Breakthrough Energy Ventures and Oil & Gas Climate.

Building Ventures, Revolution‟s Rise of the Rest Seed Fund, and Clean Energy Trust also

participated in the round.

75F, founded by Deepinder Singh in 2012, drew inspiration from the United Nation‟s campaign to

raise thermostats in their secretariat building from 70 to 75°F among other efforts to reduce carbon

emission. Singh extended that spirit to reflect in its brand name. Before founding 75F, Singh worked

with AT&T, NTT and Verizon. The company has raised $25 million to date.

75F offers integrated smart building solutions that include wireless sensors, equipment controllers

and cloud-based software. “This strategic funding will allow 75F to invest in key positions, continue

to innovate our product and customer solution, and strengthen our partner network across North

America, Middle East, and APAC including India, Singapore China, and Australia,” said Singh.

75F's solution saves up to 50% on HVAC (heating, ventilation & cooling) and lighting energy.

Traditional building controls systems are seen to be overbuilt and require extensive resources to

install, setup, custom programme, and maintain. The 75F system reduces install time, while cutting

costs for facility managers.

___________________________________________________________________



Link https://realty.economictimes.indiatimes.com/news/allied-industries/building-automation-firm-75f-raises-rs-130-crore-in-series-a-funding/70994392

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