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Muskan Aggarwal

Muskan Aggarwal
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https://www.ipropunited.com

Return of registration fees as Goa RERA rules revised

By
Muskan Aggarwal
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Return of registration fees as Goa RERA rules revised

The Goa Real Estate (Regulation and Development) Act was formulated and advised, the Goa RERA has finally phrased norms to return the registration fee paid by an agent or builder. For registration with RERA Rs up to 1 lakh should be paid by the Real estate agents and Rs 50,000 to 10 lakh however, the existing norms have no scope to return the funds if the registration is rejected.

Within 30 days of submitting the application form to the authority, the applicant may apply for withdrawal of application of the real estate project.  For these cases, 10% or Rs 50,000 whichever is higher will be charged as a processing charge and within 30 days the remaining amount is presumed to be paid back.

Chairperson of Goa RERA S Kumaraswamy said “The authority has come across cases of different nature where project exempted from registration as the project received completion certificate before the cut-off date determined by the government or cases where the RERA registration was rejected due to non-submission of the required information.”

Individual Real estate agents must pay Rs 10,000 to register while real estate brokerage firms must pay Rs 1 lakh.

Kumaraswamy said “The act and rule are silent about returning the registration fee of the agent in case registration is not accorded. The authority has deliberated in detail the provisions under the said act and rules and has decided to regulate the return of registration fee of real estate project and real estate agent.”

In the case of an exempted real estate project, the RERA has now agreed that 1% of the registration fee or Rs 1000 whichever is high may be withdrawn by the authority and the remaining amount will be reimbursed. Within the 30 days, period builders who need to withdraw their registration will have to forfeit 10% or Rs 50,000, while the rest will be returned.

Chairperson added further “In the case of a real estate project where registration is rejected after hearing, registration fee to the extent of 10% or Rs 50,000 whichever is more would be deducted. Such projects will be registered with a charging fee afresh on furnishing required documents.”

10% of the registration fee will be charged to all real estate brokers who want to withdraw their registration within the initial 30-day period and the remaining amount will be returned. 10% of Rs 50,000 will be deducted in case if the registration application was rejected. All unclaimed fees will be treated as revenue, decided by the Goa RERA and all future assertions will be decided on a case-to-case footing.

Under the flood relief scheme, 426 houses were handed over by Madhya Pradesh CM

By
Muskan Aggarwal
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Under the Mukhyamantri Flood Relief Housing scheme, 426 houses were inaugurated by Chief Minister Chauhan in 40 villages of Budhni tehsil from village Somalwada in MP.  Local BJP MP Ramakant Bhargava was also present on the occasion and conducted a virtual ‘grah pravesh’ for the beneficiaries.

Under the flood relief scheme, 426 houses were handed over by Madhya Pradesh CM

On Saturday Chief Minister Shivraj Singh Chouhan announced that the Madhya Pradesh economy will be made self-supporting and villages will see a surge in rural infrastructure.

Under the Mukhyamantri Flood Relief Housing scheme, 426 houses were inaugurated by Chief Minister Chauhan in 40 villages of Budhni tehsil from village Somalwada in MP.  Local BJP MP Ramakant Bhargava was also present on the occasion and conducted a virtual ‘grah pravesh’ of the beneficiaries.

Along with training a women’s self-help group, Chief Minister Chouhan said that economic help would be delivered from banks to link the products of villages.

Chief Minister Chouhan directed the district collector to organize loans and training from banks to women’s self-help groups in villages, comprising Somalwada. He said, “Markets will also be made available by creating clusters of products.”

Also, it was informed by Chief Minister Chouhan that in Budhni about 40 villages were affected badly last year by the floods.

He said, “In these villages, 626 houses were sanctioned under the Mukhyamantri Flood Relief Housing scheme, out of which more than 400 houses have been inaugurated and the ‘grah pravesh’ of beneficiaries has been done.”

Chief Minister Chouhan also announced the building of a mini anganwadi and school in Somalwada. Also, the construction of a road attaching six villages from Nandmer to Somalwada and a bridge will take place as per his announcement.

224 beneficiaries of 18 villages of Budhni janpad were permitted for flood relief houses and 402 beneficiaries of 29 villages of Nasrullaganj janpad.  Of 626 approved houses, 176 are in progress and 450 have been finalized.

Under the Scheme, Greater Noida authority offers ready flats, applications available from Nov 10

By
Muskan Aggarwal
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Under the Scheme, 1,467 flats in built-up high-rises of one, two, and three bedrooms in different sectors and some 113 independent houses ranging from 120 to 200 sq. mt. are available.

Under the Scheme, Greater Noida authority offers ready flats, applications available from Nov 10

On Monday, a residential scheme for ready-to-move, built-up houses and high-rise apartments by the Greater Noida Authority. From November 10 online applications for the open-ended scheme will begin.

Applications can be made on www.greaternoidaauthority.in. Allotment will be accomplished on a first-come, first-serve basis and priorities will be provided to allottees opting to make lump-sum payments. There will also be a selection to pay in installments

Under the Scheme, 1,467 flats in built-up high-rises of one, two, and three bedrooms in different sectors and some 113 independent houses ranging from 120 to 200 sq. mt. are available.

In sector, Xu 1 for each 82.91 lakh each, one-story houses are being proposed in residential sectors Xu 1, 2, and 3 — 12 buildings of 200 sq. mt. each in, 15 buildings of 120 sq. m each in Sector Xu 2 for Rs 58.99 lakh, and 86 plots of constructed single floors of 120 sq. mt. in Sector Xu 3 for Rs 58.99 lakh.

CEO of GNIDA, Narendra Bhoosan said “These are all ready-to-move buildings and flats which are free from all encumbrances and the allottees will be able to take immediate possession as soon as the allotment process is completed.”

Apart from these, across various sectors such as Omicron 1 and 1A, MU 2, Xu 3, Eta 2, and Sector 12, the authority is also offering 1, 2, and 3 BHK ready-to-move flats in high-rise buildings

There are 521 2BHK flats of 70 sq. mt. each priced at Rs 30.02 lakh, while 104 sq. mt. 2 BHK flats in the same sector are being offered for Rs 45.32 lakh.

Through an online application facility, an applicant will have to apply by paying 10% of the total cost of the building/flat. Successful applicants will have to place 20% of the amount within 60 days from the date of allotment.

Supertech Cape Town fined by Noida Authority for violating waste management norms

By
Muskan Aggarwal
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The officials revealed that in Sector 74 in Supertech Cape Town an inspection was carried out by a Noida Authority team over complaints of waste mismanagement during which violations were found.

Supertech Cape Town fined by Noida Authority for violating waste management norms

Noida Authority slapped a penalty of Rs 25 lakh to Supertech Cape Town. The penalty was over changed due to violation of solid waste management rules and for charging unauthorized fees from residents.

The officials revealed that in Sector 74 in Supertech Cape Town an inspection was carried out by a Noida Authority team over complaints of waste mismanagement during which violations were found.

A Noida Authority Official said “During inspection, it was found that collection and transportation of municipal solid waste in Supertech Cape Town was being done by unauthorized vendors. Garbage was gathered in 37 garbage rooms. The garbage was lying there untended for several days, emanating a stench, attracting mosquitoes and flies, etc.”

“Along with this, there were heaps of garbage in the society too due to which flies and mosquitoes were found there causing conditions for diseases like dengue,” the official said.

The society was neither carrying out waste segregation nor the unauthorized vendor – Green Tooth Technologies – processing wet and dry waste, according to the authorities.

Adding user charges were being taken in an unauthorized manner by the builder from residents for the collection of waste, it said, the vendor was also spreading waste in the city, causing dirt and disease.

“A penalty of Rs 25 lakh has been imposed by the Noida Authority on Supertech Cape Town located in Sector 74. Along with this, it has been directed that the violations should not be repeated and the fine amount should be deposited within three days,” it added.

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Bail plea dismissed by Court in money laundering case of Ambience Group’s promoter

By
Muskan Aggarwal
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On Wednesday, Dharmender Rana, Additional Sessions Judge said if released on bail, there was a strong possibility that the accused could hamper the investigation. Public prosecutor N K Matta Ed’s special opposed the bail.

Bail plea dismissed by Court in money laundering case of Ambience Group's promoter

In a money laundering case associated with an alleged bank loan fraud of Rs 800 crore, the Delhi court has rejected the bail application of Ambience group promoter Raj Singh Gehlot. Gehlot was arrested under the provisions of the Prevention of Money Laundering Act (PMLA).

On Wednesday, Dharmender Rana, Additional Sessions Judge said if released on bail, there was a powerful probability that the accused could hamper the investigation. Public prosecutor N K Matta Ed’s special opposed the bail.

The Judge said, “Considering the nature of the offense, the seriousness of allegations and a strong possibility of applicant/accused attempting to influence the course of trial by influencing the witnesses and tampering with the evidence, I am of the considered opinion that the bail application is bereft of any merits and the same is accordingly dismissed.”

In July last year, Gehlot company Aman Hospitality Private Limited was raided by ED and some other companies of the Ambience Group, director in the organization Dayanand Singh, Mohan Singh Gehlot, and their associates.

The case on Gehlot by ED is based on a 2019 FIR of the Anti-corruption Bureau of Jammu against AHPL.  Gehlot is also a promoter of the Ambience Mall in Gurugram and AHPL directors charged for money laundering in the construction and development of the five-star Leela Ambience Convention Hotel situated near Yamuna Sports Complex in Delhi.

A big part of the loan amount of more than Rs 800 crore which was sanctioned by a consortium of banks for the hotel project, was siphoned off by AHPL, and his associates through a web of companies occupied and monitored by them. Raj Singh Gehlot, ED claimed that

Gehlot’s associates and the employees of the Ambience group were made directors and proprietors in these firms and Gehlot was the “authorized signatory” in multiple of these entities, it had said.

In Hyderabad Seven lakh sq. ft. office space leased by Salesforce

By
Muskan Aggarwal
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Over the last 18 months after doubling its India headcount to about 5,000. By February 1 Salesforce.com plans to add another 1,500, the start of its next fiscal year–for sales in India and also for global engineering and support services.

In Hyderabad Seven lakh sq. ft. office space leased by Salesforce

According to a person aware of the deal with Salesforce it was found that In Hyderabad, about 700,000 sq. ft. of office space on lease has been taken up by Software major Salesforce.com Inc.

The deal aims to make the city its biggest hub in India and one of its largest engineering and customer service centres globally.

In DivyaSree Orion, a technology park in Raidurgam locality of Hyderabad, the new Salesforce office will come up

“The lease has a lock-in period of 3 years and commands a rent of Rs 71 per sq. ft. The deal was registered earlier this month,” mentioned a document shared by Propstack.

Salesforce did not respond to an email query sent by ET.

Over the last 18 months After doubling its India headcount to about 5,000. By February 1 Salesforce.com plans to add another 1,500, the start of its next fiscal year–for sales in India and also for global engineering and support services.

For some of the sales forces, India is home to the best technology talent. And outside of the US India is the only country where the company has set up a centre of excellence.

Over the last year, Hyderabad’s real estate market has proven to be extremely resilient. From 2016 the city’s investment-grade office stock has doubled crossing over 90 million sq. ft at the end of Q3 2021.

Also, continuing the momentum, over the next three years the city is expected to add about 30-35 million sq. ft. of investment-grade business parks.

Rs 200 crore to be invested for expansion in three cities by Executive Centre

By
Muskan Aggarwal
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Amid the pandemic the flexible workspace industry has become more appropriate for organizations to make their capital expenses more productive. The companies across sectors reassess their real estate possession, both long-term and short-term.

Rs 200 crore to be invested for expansion in three cities by Executive Centre

Group managing director for South Asia, Nidhi Marwah told in an interview to ET that, The Executive Centre (TEC) based in Hong Kong, a flexible workspace provider will invest Rs 200 crore in adding close to 250,000 sq. ft. of office space in Gurgaon, Mumbai, and Bengaluru.

Across the existing markets, the investment will be utilized to set up 8 to 10 additional centers in the country.

Mariah said, “Post the successful investment of Rs 100 crore in 2020, our outlook for the industry remains bullish, encouraging us to double that investment to Rs 200 crore to facilitate future growth.”

“This investment will ensure we continue to provide a melting pot of experiences, customized with an unparalleled finesse to our members.” she further added.

Amid the pandemic the flexible workspace industry has become more appropriate for organizations to make the capital expense more productive, companies across sectors reassess their real estate possession, both long-term and short-term.

Marwah said, “Demand for flex office space has picked up quite a bit, especially in cities like Bengaluru, Mumbai, and Gurgaon, as people are coming back quickly to these locations.”  For the properties in these cities, the company is in different stages of negotiations.

She said “It will take 12-16 months, though we would like to get it done in 12 months. We will at least target two centers in one city. The size depends a lot on the client’s demand and it could be 500-seater or a 1,000-seater.”

Depending on the city and location the company is looking at centers upward of 40,000 sq. ft.  across Mumbai, Gurgaon, Hyderabad, Bengaluru, Pune and Chennai the executive center operates close to 1 million sq. ft. of office space.

“In other cities, people are coming back, but at a slower pace, and that is why we will currently focus on expansion in three cities only. As of now we are not exploring entering into a new city, but we are open to everything,” Marwah said.

For most businesses, the flexible workspace industry has emerged as the first choice that wants agility in their operations. According to a JLL report, 66% of employees expect to be able to work from different locations in the post-pandemic environment.

From internal funding, TEC plans to meet the expenditure for expansion. The company has added space in Bengaluru, Mumbai, and Pune even during the Pandemic

Many organizations are looking for workspaces where they can scale up and scale down with the ease of accommodating new work cultures and schedules.

TEC is the third-largest serviced office business in Asia. In Hong Kong, TEC started operations in 1994 and now has over 150 centers in 32 cities and 14 markets.

In Patna, the land accruing process for the metro station Started

By
Muskan Aggarwal
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On Sunday, Pramod Kumar, District land acquisition officer said that as provided under Section 15 of the act, from the date of publication of the notification within 60 days any objection regarding the land acquisition can be filed by the interested person.

In Patna, the land accruing process for the metro station Started

Under section 11 of the Land Acquisition Act, 2013 the Patna district administration has issued a notification to procure 76 acres of land between the Zero Mile and Patliputra Interstate Bus Terminal (ISBT) for the Patna Metro rail project.

To pave the path for the construction of the ISBT metro station and Patna Metro Rail Depot in the Ranipur and Pahadi areas, by February 2022 the acquisition procedure will be finalized.  Around Rs. 1,000 crores have been sanctioned by the state government to acquire land for the depot and ISBT metro station to the district administration.

On Sunday, Pramod Kumar, District land acquisition officer Pramod Kumar told the agency that as provided under Section 15 of the act, from the date of publication of the notification within 60 days any objection regarding the land acquisition can be filed by the interested person.

He said “After which a hearing will be held and then the amount to be determined as compensation under Section 19 of the Act will be published. Compensation will be given to the landowner based on the rate.”

Urban development and housing department (UDHD) officials said near Patliputra as the government proceeding has started for land acquisition, in the next few days, the process of the loan will be initiated by Patna Metro Rail Corporation (PMRC) from Japan International Cooperation Agency (JICA).

For the Nitish Kumar-led government, the Patna metro rail is an ambitious project. It would be created at an approximate construction cost of Rs. 9,201.22 crore, eliminating the land acquisition cost to be carried totally by the state government. The Centre and the state each will bear 20% of the project cost while the prevailing 60% amount will be obtained as a loan from the JICA.

A PMRC official said work on underground stations and the network will begin once they get the loan from JICA.

He said “Initially, the construction of twin tunnels, underground ramp at Rajendra Nagar and six underground stations from Rajendra Nagar to Akashvani (which is a part of Corridor II) will begin. Work is already in progress on a 6.1km elevated stretch of Corridor II from Malahi Pakri to ISBT. It includes five stations — Malahi Pakri, Khemnichak (an interchangeable station), Bhootnath Road, Zero Mile and ISBT. This stretch is also known as priority corridor.”

As per the official, From Malahi Pakri up to Bhootnath 101 pillars have been created, while for the elevated network for corridor II altogether 210 pillars will be developed. From zero Mile to ISBT the pilling work has also commenced.

By December 2022 the elevated section is likely to be ready. From Danapur to Khemichack the Corridor I will be 17.9-km-long, of which 7.3km will be elevated and 10.5km underground.

For 13,000 staff in Andhra Pradesh, energy-efficient housing tech training to be provided

By
Muskan Aggarwal
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Special chief secretary for housing department Ajay Jain while addressing the seminar said that the government will give its best in providing the best housing facilities for the poor by delivering the effective implementation of housing.

For 13,000 staff in Andhra Pradesh, energy-efficient housing tech training to be provided

On Friday in Tripura, the AP State Energy Conservation Mission (APSECM) and Indo-Swiss Building Energy Efficiency Project (BEEP) together administered a seminar on the significantly new technology, in the main step towards adopting the ‘Indo-Swiss energy-efficient building technology in the construction of the proposed 28 lakh houses in the state.

Recently the BEEP in the state housing scheme, a new action plan was implemented by the Union power ministry-led Bureau of Energy Efficiency.  In which Training of around 13,000 engineers/employees in the housing department and village/ward secretariat departments on Eco-Niwas Samhitha (energy conservation building code for residential buildings) to be conducted by BEEP in a phased manner.

Special chief secretary for housing department Ajay Jain while addressing the seminar said that the government will give its trust in delivering the best housing facilities for the poor by providing the effective implementation of housing scheme. He added the energy efficiency strategies will support all the consumers, ecology and economizing of the state

Jain said, “The need of the hour is to create awareness on energy conservation building codes for residential buildings as the state government prepares to implement global energy efficiency practices in 28.3 lakh houses.”

He further added that “Residential buildings will become the largest end-user of electricity in the country, accounting for 38% of the total electricity consumption. Andhra Pradesh’s domestic sector alone consumes around 17,000 million units (28%) per annum out of the total annual demand of 61,000 MU.”

Sameer Maithel, India representative of Indo-Swiss BEEP said, for the first time in the course about energy efficiency training in the building sector the training to 13,000 engineers of village/ward secretariat staff would be the biggest training program.

He added further “The AP housing department has given its approval for the training which shows the commitment of the state government to let the poor people benefit from the energy efficiency and energy conservation measures in their day to day lives.”

Chennai development body failed to adhere to fire safety norms

By
Muskan Aggarwal
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43 MSBs have no-objection certificates (NOC) pending with the department of fire and rescue services, the Chennai Metropolitan Development Authority’s (CMDA) official portal states that.

Chennai development body failed to adhere to fire safety norms

In Mumbai, the 19th-floor fire accident of a high rise recently has twirled the spotlight on multi-storeyed buildings (MSB) that have lagged to adhere to fire safety standards in the Chennai Metropolitan Area (CMA).

43 MSBs have no-objection certificates (NOC) pending with the department of fire and rescue services,  the Chennai Metropolitan Development Authority’s (CMDA) official portal states that.

Various commercial structures encroach on obstacle areas hindering the movement of fire tenders during emergencies, says activists fighting against building offenses. Among the MSBs pending NOCs are commercial structures primarily concentrated in George Town, Vepery, and T Nagar with six of them being commercial-cum-residential structures.

The fire fighting system was not installed in the majority of the building and also did not comply with the alternative fire safety issued by the DFRS (department of fire and rescue services).

During an inspection by the fire and rescue services personnel it was found that in some cases, firefighting systems were not in working condition.  After these buildings applied for regularisation, Such glaring violations were brought to the limelight by the high court-appointed monitoring committee.

A comprehensive fire safety management plan by inter-departmental coordination and community participation by the CMDA for select central business districts of the city and an exclusive plan for T Nagar has not taken off in three years.  In 2008 and 20018 after fire accidents involving commercial establishments in Vepery and T Nagar the plan was initiated.

Anshul Mishra, CMDA member secretary told TOI along with the DFRS review on these buildings will be conducted regarding fire safety. “Preparing the comprehensive fire safety management plan for commercial business centers will also be implemented,” he added.

Secretary of T Nagar Residents Welfare Association, B Kannan said “The issue with commercial establishments is small concrete structures mushrooming on the setback space causing inconvenience for fire tenders approaching the buildings to put out the fire.”

Urban Development and housing chairman, S Sridharan, CREDAI National said the need of the hour is to train maintenance personnel in residential and commercial complexes on fire safety. He said “This apart, occupants should also be trained in using fire safety equipment. It is crucial because the metropolis is experiencing massive vertical growth.”

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