23 11 - 2020 CREDAI Bengal Homes
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23 - 11 - 2020
CREDAI Bengal Daily News Update | 23.11.20
Newspaper/Online The Economic Times ( Online )
Date November 22, 2020
https://economictimes.indiatimes.com/industry/services/property-/-
Link cstruction/robust-sales-ensure-sparking-diwali-for-realty-
staff/articleshow/79357336.cms
Robust sales ensure sparking Diwali for realty staff
Multiple attractive offers and a reduction in home loan rates coupled with decrease in stamp
duty in some states created demand, according to developers and brokerage firms.
Several real estate developers and brokerage firms doled out incentives to employees following
robust Diwali sales which equaled or topped last year’s levels despite the Covid-19-led disruption.
Multiple attractive offers and a reduction in home loan rates coupled with decrease in stamp duty
in some states created demand, according to developers and brokerage firms.
“We rose up to the challenge and beat last year’s Diwali figure. Because of the incentives, over
two dozen employees have bought cars this Diwali and some have even bought a house. Many
got cash incentives too,” said real estate consultancy Investors Clinic’s corporate director Sachin
Arora.
Investors Clinic helped developers like Migsun, Gaurs and Supertech sell housing units
aggressively, especially in the last three months.
“After the unlock, the festival season has given buyers a time to go out in the market and hunt for
properties. There is almost a 15% increase in sales so far and the coming months will be better,”
said Yash Miglani, MD, Migsun Group.
Property consultant Anarock closed 145 bookings totaling 102.3 crore between Dhanteras and
Diwali this year, compared with 175 bookings with sales value of Rs135.4 crore in the same
period last year.
The firm launched an additional special incentives programme for the festival-season quarter.
“As had been predicted, despite the unusual pressures this year, the overall residential market has
rebounded by a significant percentage of last year's readings,” said Santhosh Kumar, vice
chairman of Anarock Property Consultants.
Square Yards said incentives worth several crores are distributed every quarter, and going by the
current quarter’s stellar performance so far, it will be no different.
“In retrospect, the Diwali 2020-week numbers, in line with Square Yards’ overall growth this
fiscal, are around 7% higher than the previous year,” said Kanika Gupta Shori, COO, Square
Yards.
____________________________________________________________________________________________
Newspaper/Online ET Realty ( Online )
Date November 22, 2020
https://realty.economictimes.indiatimes.com/news/residential/prime-
Link minister-to-inaugurate-multi-storeyed-flats-for-mps-on-
monday/79349265
Prime Minister to inaugurate multi-storeyed flats for MPs on
Monday
A PMO statement on Saturday said that these flats are located at Dr B D Marg in the
national capital. Eight old bungalows, which were more than 80 years old, have been
redeveloped to construct these 76 flats.
Prime Minister Narendra Modi will inaugurate multi-storeyed flats, which have come in place of
old bungalows, here for members of Parliament on November 23 via video-conferencing.
A PMO statement on Saturday said that these flats are located at Dr B D Marg in the national
capital. Eight old bungalows, which were more than 80 years old, have been redeveloped to
construct these 76 flats.
The construction of these flats has been completed with savings of about 14 per cent from the
sanctioned cost and without time overrun despite the impact of COVID-19, it added.
Lok Sabha Speaker Om Birla will also be present during the inauguration.
The statement said several green building initiatives have been incorporated in the construction,
including bricks made from fly ash and construction and demolition waste, double glazed
windows for thermal insulation and energy efficiency, energy efficient LED light fittings,
occupancy based sensors for light control, air conditioners with VRV system for low power
consumption, low flow fixtures for conservation of water, rainwater harvesting system and
rooftop solar plant.
________________________________________________________________
Newspaper/Online ET Realty ( Online )
Date November 21, 2020
https://realty.economictimes.indiatimes.com/news/residential/maharash
Link tra-government-to-build-8-82-lakh-houses-under-maha-awas-
yojana/79337679
Maharashtra government to build 8.82 lakh houses under Maha
Awas Yojana
Currently, the cost of the project has been estimated to be around Rs 4,000 crore. However,
during the launch of the project, the Chief Minister has assured that funds scarcity will not
be an issue.
Maharashtra Chief Minister Uddhav Thackeray has launched a new rural housing project named
"Maha Awas Yojana," under which 8.82 lakh rural houses will be built in 100 days period.
Maharashtra's Rural Development department will undertake this project, which will include
toilets and other necessary amenities.
Currently, the cost of the project has been estimated to be around Rs 4,000 crore. However, during
the launch of the project, the Chief Minister has assured that funds scarcity will not be an issue.
A total of 8,82,135 houses are targeted to be built under this project by February end.
Rural development minister Hasan Mushrif, MOS Rural Development Abdul Sattar, and other
offices of chief minister's office and Rural development department were also present during the
launch event yesterday at Sahyadri guest house.
________________________________________________________________
Newspaper/Online ET Realty ( Online )
Date November 21, 2020
https://realty.economictimes.indiatimes.com/news/residential/too-few-
Link takers-for-pmay-houses-in-pune-as-beneficiaries-fight-financial-
distress/79334980
Too few takers for PMAY houses in Pune as beneficiaries fight
financial distress
With allotments coming post pandemic’s economic impact, most finding it difficult to raise
initial money for booking. Most of the others are struggling to cough up the initial 10 per
cent amount they’re required to, to do the booking.
A month after Pune Municipal Corporation (PMC) announced beneficiaries under the Pradhan
Mantri Awas Yojana (PMAY), only 241of the 2,900 named have completed the booking process
for their new homes. Most of the others are struggling to cough up the initial 10 per cent amount
they’re required to, to do the booking.
But now, the deadline for paying up is upon them, with the civic body officials insisting that
beyond November 23, the allotment will be cancelled as other waitlisted candidates will then be
given an opportunity to get the affordable houses under the scheme.
As it happens, the application for the housing scheme under which PMC is to build 2,900 houses
at five different locations in the city, was collected almost two years ago. However, it was only a
month ago the beneficiaries were picked through a lottery system.
In a clear reflection of the impact of the COVID-19 pandemic on people’s economic status, only
1,500 of the people selected collected the challan for making the initial deposit. Job losses, pay
cuts and loss of livelihood all around have tied down the beneficiaries from claiming the allotment
come their way.
Thirty-six-year-old Deepali Chavan, who, interestingly, works as a clerk at the very same PMAY
office, is struggling to put together Rs 90,000 for booking her home under the scheme. She has
been allotted a unit in the Kharadi project.
But staring at the November 23 deadline, she bemoaned, “I was working on a contract basis and
lost my job last December. Subsequently, my husband, who worked as an accountant in a private
firm, also lost his job. While now I have gained employment again at the same office and will
start from next week, we are starved for cash as most of our savings have gone into bridging the
interim period on the bench. So garnering the required funds has become difficult. I am trying to
take a loan, but the time is just too short.”
For 28-year-old Bharati Admane, another contract clerk of PMC, the timing of the announcement
and the one-month window given to make the booking has turned into a challenge. She lost her
job with the onset of the outbreak, telling on her savings and now she is unsure she will be able
to arrange the amount required in the time given.
“I am trying to withdraw money from my provident fund. But that requires major paper work and the entire process will take 8-10 days. I do not have sufficient money in hand as I could barely save on an income of Rs 11,000 a month. The deadline is just too stiff and I am at a loss how to meet it,” she shared. Vishwas More, an auto rickshaw driver from Shivajinagar, managed to land an allotment in the Vadgaon project. But now he is urging the authorities to offer an extension of the timeline for payment to the beneficiaries. “I have to pay Rs 1.20 lakh. I am struggling to arrange for the amount. I am exploring options of borrowing the money. Auto rickshaws were not plying for so many months, making survival a challenge for us. While we do need the house, arranging the money is such a short time is quite a task. I feel PMC should show some consideration to our situation and extend the payment schedule,” he requested. The lottery and announcement of beneficiaries coming after months of battling the COVID-19 could not have been more ill-timed for most, who find themselves in financial distress. Further, they are also finding it difficult to access loans under the circumstances. But PMC officials are unrelenting about the set deadline. The only allowance they’ve offered to make is keep their offices open through Saturday and Sunday. “Those who pay the sum will get the provisional allotment letter. The claims of beneficiaries who do not complete the process will be cancelled. Many citizens on the waiting list have been calling our offices. So if the process is not completed by November 23, those houses will be allotted to the ones waitlisted,” declared Rubal Agarwal, PMC’s additional commissioner. ________________________________________________________________
Newspaper/Online ET Realty ( Online )
Date November 21, 2020
https://realty.economictimes.indiatimes.com/news/residential/uttarakha
Link nd-government-to-provide-houses-to-over-84700-under-pmay-g-by-
2022/79334928
Uttarakhand government to provide houses to over 84,700 under
PMAY-G by 2022
"These beneficiaries will also be given the benefits of Mahatma Gandhi National Rural
Employment Guarantee Act, gas and electric connection, besides drinking water facility,"
Uttarakhand Minister of Urban Development and Housing Madan Kaushik said.
The Uttarakhand government on Friday said it would provide houses to 84,726 beneficiaries
under Pradhan Mantri Awas Yojana (Gramin), or PMAYG, by March 2022.
"At least 84,726 people of the state will be benefited under the PMAYG by 2022," Uttarakhand
Minister of Urban Development and Housing Madan Kaushik said on Friday during a virtual
meeting with Union Minister of Rural Development and Panchayat Raj, Narendra Singh Tomar.
The meeting was held on the subject of providing accommodation to the homeless people of
Uttarakhand by 2022.
Kaushik said a total of 12,662 beneficiaries have been given houses by the present government.
"These beneficiaries will also be given the benefits of Mahatma Gandhi National Rural
Employment Guarantee Act, gas and electric connection, besides drinking water facility."
He added apart from them, 84,726 missed additional beneficiaries were identified to meet the
target of providing 50,000 house to the poor.
With the partnership with the states, the Ministry of Rural Development ensued confidence that
with a large number of houses under different stages of completion and increased pace of their
completion, it would be able to achieve the target of construction of 2.95 crore houses under
PMAYG by March 2022.
________________________________________________________________Newspaper/Online ET Realty ( Online )
Date November 23, 2020
Link https://realty.economictimes.indiatimes.com/news/industry/uniform-
development-rules-coming-across-maharashtra/79361910
Uniform development rules coming across Maharashtra
Thane, Navi Mumbai, Pune, Aurangabad, Nashik, Nagpur, Solapur and Kolhapur will
come under the ambit of the new rules, which are likely to bring uniformity in width of
roads, size of rooms, etc.
After a delay of three years, the state is finally set to implement a unified development control
rules policy for all municipal corporations, councils and nagar panchayats in Maharashtra,
excluding Mumbai and a few surrounding areas.
The standardised rules will leave little scope for misinterpretation by local town planning
officials, said government sources.
Thane, Navi Mumbai, Pune, Aurangabad, Nashik, Nagpur, Solapur and Kolhapur will come
under the ambit of the new rules, which are likely to bring uniformity in width of roads, size of
rooms, etc. Height of buildings would, however, vary depending on the plot size and its FSI
potential.
“The urban development department (UDD) has finalised the rules, to be formally notified now,”
Bhushan Gagrani, UDD secretary, told TOI.
At present, while construction activities are allowed in a designated zone of one city, they maynot be permitted in a similar zone in another city. “These ambiguities will now be removed under the unified rules, bringing in transparency and efficiency,” said Gagrani. “Unified Development Control and Promotion Regulations is the single set of rules which will be applicable to the entire state except areas under the BMC, MIDC, Mumbai Port Trust, JNPT, eco- sensitive zones and the Navi Mumbai Airport Notified Area (NAINA),” said Gagrani. The state has 27 municipal corporations, 392 municipal councils, 42,700 villages and 28,000 gram panchayats. Nashik-based developer Rajan Daryani said the rules will remove incongruities. “In Pune, transfer of development rights (TDR) could be loaded on roads less than nine metres wide while in Nashik it was not permitted. In some cities, local authorities allowed 15% balcony areas while in some cities it was just 10%,” he said, adding that the unified rules must be put in “black and white” so that there is no scope for misinterpretation by local officials. Pune-based developer Rohit Gera said that currently each corporation has had its own rules and “these have been interpreted differently over time in different jurisdictions”. “I certainly believe that there are many issues that could be combined under a unified set of rules. However, there needs to be room for local nuances. Pune, for example, has air force restrictions. To the extent there are local issues and if they are addressed, I see no issues in having unified rules for the state,” he said. Gera cautioned that if too much construction activity is permitted under the unified rules, those towns which do not have the requisite civic infrastructure to support increased floor space index (FSI) could suffer. Atul Chordia, chairman of Panchshil Realty, which built Trump Towers in Pune, said, “For any developer who wants to do multi-city operations, he must refer on only one DCR. To a large extent, building impediments will be removed and the process will be
simplified.” Prashant Saroday, a Nagpur builder, said construction activity in cities and towns across the state had been affected as builders and architects waited for the new rules. “They did not want to take their building permissions under the existing rules since they wanted to take advantage of the unified DCR,” he said. ________________________________________________________________
Newspaper/Online ET Realty ( Online )
Date November 21, 2020
https://realty.economictimes.indiatimes.com/news/residential/extend-
Link construction-deadline-by-two-years-rwas-write-to-uttar-pradesh-
cm/79341436
Extend construction deadline by two years, RWAs write to Uttar
Pradesh CM
The deadline set by the state government was July 31, 2021, and now the federation has
asked for it to be extended to July 31, 2023.
The Federation of Noida Residents’ Welfare Associations (FONRWA) has written to chief
minister Yogi Adityanath requesting him to grant an extension of two years on the construction
deadline of private plotted houses.
The deadline set by the state government was July 31, 2021, and now the federation has asked for
it to be extended to July 31, 2023.
The residents’ body has cited job loss and unavailability of adequate labourers as the reasons for
seeking the extension.
“Construction activities for government as well as private housing projects were stopped during
the lockdown. Several workers had gone back to their hometowns/villages and that brought
everything to a standstill,” Yogendra Sharma, the president, FONRWA.
He added, “We are getting requests from residents of various sectors in Noida seeking an
extension for the completion of projects on plots allotted by the Noida Authority. Hence we have
written to the chief minister requesting for an extension till July 31, 2020.”
The federation has said that is it not possible to construct the houses within such a short time
period now.
“The pandemic has affected us in a big way, especially the lockdowns, which have brought social
and economic lives to a standstill. Thus, we have requested the CM to kindly provide some to
those owners of plots who wish to construct their houses by extending the deadline,” said KK
Jain, secretary general, FONRWA.
________________________________________________________________Newspaper/Online ET Realty ( Online )
Date November 22, 2020
https://realty.economictimes.indiatimes.com/news/regulatory/dharani-
Link one-stop-solution-for-all-land-records-telangana-government-to-
hc/79349092
Dharani one-stop solution for all land records: Telangana
government to HC
In an affidavit filed before the court, the CS said the Dharani portal would not only ensure
seamless transactions of registrations, succession and partition but also enable a hassle-free
and instant mutation of properties.
Telangana government said the Dharani land portal will bring transparency in maintaining
digital records of private properties in the state and put an end to fraudulent means in the revenue
and registration offices.
In response to a direction by the high court, chief secretary Somesh Kumar said the objective
behind creating a repository of digital records of private properties is to integrate all the records
of rights in one place instead of leaving them to panchayats in villages and municipal bodies in
the urban areas and exposing them to frauds at the offices.
In an affidavit filed before the court, the CS said the Dharani portal would not only ensure
seamless transactions of registrations, succession and partition but also enable a hassle-free and
instant mutation of properties.
He was responding to apprehensions raised by advocate Gopal Sharma, who questioned in his
PIL the validity and legal basis for Dharani. The CS said Dharani is a single-window solution for
all ills afflicting land records in the state.
Maintaining that a separate law for supporting Dharani was not required since the government is
not doing anything new, the CS, however, said they brought required amendments to
the Panchayat Raj Act, the Municipalities Act and the GHMC Act to cover both agricultural and
non-agricultural properties.
“We have also repealed the old Telangana Rights in Land and Pattadar Passbooks Act of 1971
and brought in Pattadar Passbooks Act, 2020. This legal basis is enough and no new law is
required,” he contended.
The CS further said the Constitution has accorded protection to right to property through Article
300-A and Dharani aims at strengthening this in a foolproof manner. “Owners themselves can
enter the details through MeeSeva centres and aggrieved persons will always have the option of
approaching civil courts if there are any disputes,” he explained.He said registration of properties in the new system is linked to the ownership and hence only the owners would be able to sell or transact on their property on an end-to-end secure portal that will integrate both registration and mutation. “Discretion available to the officials in fixing the market value of the property has been removed because the portal carries all such details,” he pointed out. Dharani portal also has provisions for identity confirmation, while registration transactions will be allowed through digital signatures. “The question of land records still holding the names of ancestors and dead persons will no longer be there. Entry of current owners will take place in a scientific manner thereby removing scope for malpractices,” he told the court. Stating that Dharani would allow only the rightful owners to transact, he said discretion accorded to the sub-registrars was removed in the new system. ________________________________________________________________
Newspaper/Online ET Realty ( Online )
Date November 22, 2020
Link https://realty.economictimes.indiatimes.com/news/residential/flats-in-
mangaluru-adopt-wet-waste-compost-units/79349282
Flats in Mangaluru adopt wet waste compost units
After Maurishka Palace on Kadri Kambala Road in the city with 330 flats and many other
residential buildings have already set up waste management units, Ashoka Paradise with
278 flats in six blocks started composting the wet waste on site on Sunday.
Mangaluru City Corporation’s (MCC) drive to make Mangaluru a waste-free city has evoked
good response with more and more apartments setting up their own waste management units on
their premises.
After Maurishka Palace on Kadri Kambala Road in the city with 330 flats and many
other residential buildings have already set up waste management units, Ashoka Paradise with
278 flats in six blocks started composting the wet waste on site on Sunday.
MCC environment engineer Madhu Manohar told TOI that city corporation’s campaign to
encourage houses and apartments to process dry and wet waste has been receiving good response.
“At present, there are 84 apartments that are processing wet waste and producing manure in their
own premises. They are not handing over waste to the city corporation’s waste collection vehicles.
Totally more than 8,000 houses in the city have been making compost using the wet waste and
thereby supporting the city corporation’s initiatives,” he said.
Presently, the city corporation collects an average of 300 tonnes of waste from Mangaluru city
every day and it is being shifted to the dump yard at Pachanady, he added.
The city corporation had launched the new waste segregation plan on October 2. As per the new
plan, door-to-door waste collection vehicles of Antony Waste Handling Cell are not accepting
wet waste on Friday.
Meanwhile, bulk waste generators have been asked to set up waste management units and the city
corporation has plans to penalise buildings if they do not adhere to the norms, Madhu said.
G Santhosh Kumar, deputy commissioner of administration, MCC, inaugurated the wet waste
process unit set up at the Ashoka Paradise on Sunday.
Environmentalist Jeeth Milan Roche said that Ashoka Paradise with 278 flats in six blocks will
composte the wet waste on site.
“Close to 200kgs of waste will be converted into high quality organic manure through the
project,” he added.
________________________________________________________________Newspaper/Online ET Realty ( Online )
Date November 22, 2020
https://realty.economictimes.indiatimes.com/news/regulatory/gurugra
Link m-civic-body-cracks-down-on-property-tax-defaulters-snaps-water-
supply/79349141
Gurugram civic body cracks down on property tax defaulters,
snaps water supply
The MCG officials said that they have a list of 702 property tax defaulters whose
connections will be cut in the days to come if they fail to pay their dues.
Continuing its drive to disconnect water and sewerage connections of the property tax defaulters
in the city , the Municipal Corporation of Gurugram (MCG) cracked down on three such
defaulters on Saturday.
The MCG officials said that they have a list of 702 property tax defaulters whose connections
will be cut in the days to come if they fail to pay their dues.
“Water and sewerage connections of three properties, including one property in Sector 45, another
in Kadipur enclave and third one in Shivaji Park, were disconnected as the property owners had
not paid their dues. The drive will continue and the teams will disconnect connections as per the
list of defaulters provided by the taxation department,” said SS Rohilla, MCG spokesperson.
The civic body had started the drive after Diwali. As the officials have now reworked the slabs,
the property tax defaulters who have dues amounting between Rs 1 lakh and Rs 5 lakh face
disconnection of their water and sewerage connections while the properties of the defaulters with
dues more than Rs 5 lakh will be sealed.
A one-time rebate of 25% will be given to the owners, who have pending tax dues since financial
year 2010-11, if they clear the dues till financial year 2019-20 by December 31. Moreover, the
deadline to avail 10% rebate on the property tax for the year 2020-21 has also been extended to
December 31.
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