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Muskan Aggarwal

Muskan Aggarwal
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In Goa in Four Zones sand mining in the Chapora river can be resumed

By
Muskan Aggarwal
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In Goa in Four Zones sand mining in the Chapora river can be resumed

In the four stretches of the Chapora river, legal mining can finally resume after the meeting held on October 5 and Goa State Environment Impact Assessment Authority (Goa-SEIAA) approved the proposal.

In the case of two other zones in Chapora, SEIAA has asked for further scientific research to be carried out in this place. From the North Goa collector applications were received for sand mining in the river for six zones.

Goa-SEIAA said in the meeting that “After considering the committee’s recommendation and scrutinizing the application and documents submitted by project proponents. The authority decided to recommend a proposal for extraction of sand at Chapora river by traditional (manual) method only at zone 1, 2, 5 and 6.”

To proceed with, in the first three years sand extraction will take up only 50% capacity in these four zones. After the three-year period ends, the capacity thereafter will be decided.  Goa-SEIAA said,  “Whereas, proposals about zones 3 (part 1 and part 2) and 4 may be referred back to the Goa State Expert Appraisal Committee (SEAC) to conduct a further scientific study in the matter.”

An- advisory body to the state on environment clearance by Taking note of a report from scientists of the National Institute of Oceanography (NIO), Goa-SEAC – had earlier at the four locations in the Chapora river given the go-ahead to resume extraction.

However, the committee has laid down restrictions, including installing CCTV systems to monitor extraction.

Under the two district collectors to grant permission for sand extractions, two different committees were constituted by the state environmental department. According to the Goa Minor Mineral Concession Rules, 1985, permissions were granted for sand extractions every year.  But in 2011 after CRZ notification was issued from 2011-12 onwards, granting of authorizations for sand extractions stopped.

Some stretches of the Mandovi, Chapora, and Tiracol rivers in August 2013 were recognized for sand extraction. 323 permits in North Goa and 11 in South Goa in 2017-18 were either issued or renewed and were valid till May 2018.

Firms specializing in renting out property to be provided with more than half subsidies: Spain

By
Muskan Aggarwal
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The discount on the company tax had previously favoured property rental firms over individual landlords – who receive 60% tax rebates for renting out their properties.

To qualify for the tax rebate, the firms will now have to ensure that 54% or more of their income comes from residential renting properties and for achieving this they have to rent out at least eight properties for three years each.

Firms specializing in renting out property to be provided with more than half subsidies Spain

On Wednesday in Madrid, Budget Minister Maria Jesus Montero said that the fiscal subsidy provided to companies specializing in renting out properties to 40% in 2022 will be slashed out by Spain’s government, more than halving the current rate of 85%. The discount on the company tax had largely supported property rental firms over private landlords – who obtain 60% tax compensations for renting out their properties.

To qualify for the tax rebate, the firms will now have to ensure that 54% or more of their income comes from residential lettings and for achieving this they must rent out at least eight properties for three years each.

Montero said in a news conference, “We know that Spain has a problem regarding access to housing, as has been said in every study and report on the subject. “” This general budget will help all young Spaniards realize their life projects.”

Earlier this month, the leftist coalition government agreed on a draft housing law that targets the lack of accessible real estate. Specifying “big landlords” as any entity occupying 10 or more properties and moving to cap rental prices in high-demand zones.

For months the housing law had proved a sticking point and the last week deal struck between junior member Unidad and ruling socialist party PSOE getting the government’s general budget for 2022 through to parliament was pivotal.

By December 2021, Gurugram civic body wants DLF 1, 2 & 3 to be completed

By
Muskan Aggarwal
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Councillors of wards 34 and 35 and other civic body officials on Tuesday conducted a meeting with the representatives of DLF regarding the takeover of these colonies

By December 2021, Gurugram civic body wants DLF 1, 2 & 3 to be completed

The developer of DLF 1, 2, and 3 has been directed by MCG (The Municipal Corporation of Gurgaon) to complete the deficit infrastructure work by December 31. After the completion of unfinished work in the first week of January, a long-pending work of the three licensed colonies will begin.

Councillors of wards 34 and 35 and other civic body officials on Tuesday conducted a meeting with the representatives of DLF regarding the takeover of these colonies. Thakur Lal Sharma, MCG’s chief engineer said according to the DPR (detailed project report) the takeover process will begin soon, and developers are instructed to speed up the remaining work on the amenities.

To complete the pending work meanwhile, the developer sought more time and informed the civic body about the pending work which includes road resurfacing, sewer, drainage, water supply, horticulture, community centres, and others will be accomplished by March next year.

As the developers failed to meet the earlier deadline, Sharma did not agree to allow more time to the developers.  The deadline to complete the pending work of these colonies was set for 30 June, but the developers didn’t meet the deadline.

For seeking verification of the status of the progress in DLF 1, 2 and 3 the developers on the other hand submitted a letter to MCG. The developer said in the letter that as per the DPR service-wise work progress has been shared with the civic body so that an MCG can provide a verification report for the same.

Meanwhile, the MCG officials confirmed that the corporation will start the up-gradation of amenities and developmental works that are out of the purview of DPR even before the takeover.

These works include cleaning of roads and drains, installation of gym canopy in parks, installation of STP for recycling of sewage, installation of a compost plant, trimming of trees, and laying of tiles in common areas.

The ward 34 councillors, Rama Rani Rathee said that the takeover of the work has been pending for a long time.  The residents are facing a tough time and delay is further adding to their woes. “Road work is pending mainly in G block of DLF 1, J and L blocks of DLF 2 and due to increase in FAR, there is an excess load on civic infrastructure,” she added.

As per MCG rules, the developer either must finalize all such work by itself or pay the corporation for completing it on its behalf. In this case, DLF has decided to finish off all pending work but has been pushing its feet on the deadline.

The state government in December 2019 directed the MCG to accelerate the process. The department of city and country planning thereafter submitted service measures of these colonies.

However, to date, the civic body has taken over only Suncity, South City 1 and 2, Palam Vihar, and Sushant Lok 1, while the takeover procedure of DLF phases 1, 2, and 3 is still ongoing.

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Punjab government to give property rights to people living in ‘Lal Lakir’

By
Muskan Aggarwal
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“People who are living within the ‘Lal Lakir’ in villages and cities do not have ownership rights. We have decided to confer the ownership rights on the people who have been living in these areas,” he said after chairing a cabinet meeting here.

Punjab government to give property rights to people living in 'Lal Lakir'

On Monday, Punjab Chief Minister, Charanjit Singh Channi said that property rights will be provided to the people living in the houses within the ‘Lal Lakir’ of villages and cities. The mission was renamed by changing ‘Mission Lal Lakir’ to ‘Mera Ghar Mere Naam’. ‘Lal Lakir’ refers to the land that is part of the village ‘abadi’ (habitation) and is obtained for non-agricultural objectives.

After chairing a cabinet meeting here, he said “People who are living within the ‘Lal Lakir’ in villages and cities do not have ownership rights. We have decided to confer the ownership rights on the people who have been living in these areas.”

By availing loans from the bank, with this move citizens will be able to monetize their property rights. While addressing the media here, Channi said that for digital mapping, the revenue department has been ordered to undertake surveys through drones of residential properties available in both rural and urban areas.

He said property cards will be given to all the eligible residents after adequate verification to grant proprietary rights to them

A time of 15 days will be given to the beneficiaries to file their complaints in this regard. If there is no reply received from them, the property card would be handed out which would serve the purpose of a registry against which they can obtain loans from the banks or even sell their properties thus strengthening its monetary value.

Earlier, the residents of the villages were getting benefits from this scheme and it was limited only to them, but now all the eligible residents of cities within the ‘Lal Lakir’ will get covered under this scheme. People residing in old localities (mohallas) generation after generation will also be covered under the scheme, Channi said.

Even the NRIs of the villages or cities were pointed out by the Chief Minister who had acquired such residential properties. It would also be duly informed to raise objections to give proprietary rights to them.  Legislation in Punjab Vidhan Sabha will soon come to safeguard the properties of NRIs settled across the globe, said channel.

To safeguard the agricultural land owned by the NRIs including the illegal sale of properties by certain unscrupulous elements, Channi announced that entry into the revenue records would be made.

The chief minister said on the issue of waiving arrears of electricity bills up to 2 kW load, that anyone regardless of caste, creed and religion would get the benefit of waiver. Nearly 52 lakh consumers out of 72 lakh consumers across the state would be benefited, said the CM.

Last month, the state government had announced that those having electricity connections of up to 2 KW to waive their power bills. CM also demonstrated that only those arrears presented in the last bill collected by the consumer would be waived.

To reduce its debt Adler Group sell 20% of the property portfolio to LEG Immobilien

By
Muskan Aggarwal
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Alder will keep a 10.1% stake for tax reasons thus the sale price for the 185 commercial units and 15,350 apartments units will be slightly below the property Valuation.

To reduce its debt Adler Group sell 20% of the property portfolio to LEG Immobilien

On Monday, the leading German real estate investor Alder Group said they have agreed to sell property worth 1.4 billion euros ($1. 73 billion)  both residential and commercial in a bid to rival LEG Immobilien to reduce its debt. According to Alder the net proceeds from the transaction is to be around 800 million euros which should take place by the end of 2021.

Adler Group is one of the leading German residential real estate companies with an €12bn in portfolios. Across Germany, they clench and supervise more than 70,000 beautiful and large apartments, with a further 10,000 more units under development in Germany’s top 7 cities.

With its geographically varied and incredible rental portfolio, Adler Group is a pan-German organization that combines over 30 years of real estate experience. Its German group headquarters is located in Berlin.

Alder will keep a 10.1% stake for tax reasons and thus the sale price for the 185 commercial units and 15,350 apartments units will be slightly below the property Valuation.

Early, Frankfurt trading shares in Alder rose to 3.3% after the announcement. Adler said that the deal would not influence its 2021 outlook

German real estate company Vonovia on Friday said it had bought an option to acquire around 13% of Adler, whose shares had fallen over as much as 33% after an activist investor characterized it as “not investible”. Adler disputes the report.

More than half of the urban Indians feel good time to invest in property comes with the festive season

By
Muskan Aggarwal
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In the next six months, around 35 percent of urban Indians between the age of 25 and 44 plan to invest in real estate. For many, Diwali is a time for big-ticket purchases like homes, vehicles, and jewelry.

More than half of the urban Indians feel good time to invest in property comes with the festive season

A survey by YouGov has found that around 51 percent of urban Indians find the festival season a good time to invest in real estate. Festival season typically starts in October and ends in December and there are many amazing offers provided by developers for tempting the customers.

In the next six months, around 35 percent of urban Indians between the age of 25 and 44 plan to invest in real estate. For many, Diwali is a time for big-ticket purchases like homes, vehicles and jewelry. Economy hit hard by coronavirus, job losses as well as slow businesses is hoping that the festival season will boost demand.

Purchasing a house during Diwali is a good time for many Indians and this is also shown in data that almost 51 percent of urban Indians agree that this is a good time to invest in real estate. Disagreed once are only 12 percent and remaining one are undecided. The survey also found that men are more likely to say yes to the investment in property than women.

Residents of Tier I (39 percent) and II (38 percent) are more enthusiastic about buying property than those in Tier-3 cities (30 percent). While 72 percent of people looking to invest in real estate are planning to buy a residential property, 25 percent prefer commercial properties.

38 percent of the Indians will choose to finance their property through home loans and 30 percent would like to buy a house with the help of savings and 21 percent of the Indians will get their dream house by selling their old property. The encouraging part to explore real estate this season will be the availability of rooms at a record low interest rate. As many as 16 percent of the respondents said they would avail of a home loan this season as rates are low.

Due to the pandemic, approximately 19 percent want to buy a property this year as they could not do so before. Other justifications comprise good price (17 percent), the expectation to save and buy a residence in 2021 (17 percent) and the availability of reserves due to new financial gains (15 percent). Accessible properties under ₹50 lakh are extensively chosen, with 44 percent of people eyeing this section.

Earlier family and friends played a big role, as 48 percent of people depended on information shared by them to purchase a property but since technology is catching up now, there are other mediums to gather information as well. While 45 percent of the buyers got their information from the websites of real estate organizations, 42 percent communicated with local brokers or property dealers.

Villagers in Noida say they need better rehabilitation in the second phase of Noida airport

By
Muskan Aggarwal
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On Sunday, a public hearing to be held by Gautam Buddha University in which an assessment report had to be prepared on the social impact assessment has been deferred as few more details are sought by the administration.

Villagers in Noida say they need better rehabilitation in the second phase of Noida airport

During the second phase of the Noida airport project, all farmers who will be displaced because of it demanded a clear plan from the administration. The plan asked for listing out the rehabilitation process and other advantages for the land losers.

On Sunday, a public hearing to be held by Gautam Buddha University in which an assessment report had to be prepared on the social impact assessment has been deferred as few more details are sought by the administration. A committee of seven multi-disciplinary experts has also been appointed for the evaluation of the SIA Report.

A resident of Ranchera and a retired engineer from NTPC, 65 years old Kunwar Pal Singh is on the panel.  For the second phase of the project around 3,800- 4000 families are likely to be rehabilitated, according to Kunwar Pal Singh.

The land would be acquired from the villages of Karauli Bangar, Dayanatpur, Kureb, Ranchera, Mundhera, and Berhampur. Out of these six villages Ranchera has the highest population and most of the land will be acquired from here only.

The rehabilitation plan adopted in the first phase is objected to by the villagers. They have also pointed out that many youths who were promised jobs in NIAL were yet to get any training or employment letters. Kunwar said “We have seen what happened to the 3,000-odd families who were displaced in the first phase. The local administration has given them the bare minimum benefits. In the second phase, it has to be better”.

Some of the other villagers of Karauli Bangar put forward similar complaints. “Nobody is against the airport project. We are all willing to give up agricultural land. But moving out of our village is not easy. We have animals, machinery and a certain kind of lifestyle. The Jewar Bangar township is not fit to be called either a rural or urban settlement. It is somewhere in between. We do not want the same fate,” he added.

Additional district magistrate (land acquisition) Balram Singh said in an interview with economic times, “The grievances of the villagers are being looked into. We have shared them with senior officials. Efforts are underway to augment the resources at Jewar Bangar. The roads are being widened at present and other infrastructural works demanded by the families are being looked into.”

New urban development authority created by Andhra Pradesh

By
Muskan Aggarwal
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The new urban development authority will now include 97 villages and 10 revenue mandals scattered over a large area of 640-sq km from Kurada Village in Visakhapatnam district to Vakalapudi in the East Godavari.

New urban development authority created by Andhra Pradesh

The government of Andhra Pradesh in Amravati has constituted the new urban development authority by replacing the VK-PCPIR Special Development Authority established back in the year 2008 with VK-PCPIR UDA (Visakhapatnam-Kakinada Petroleum, Chemicals and Petrochemicals Investment Region Urban Development Authority).

On Friday, the Department of Municipal Administration and Urban Development under the new VK- PCPIR issued a notice regarding removing 82 villages and seven revenue manuals from the Visakhapatnam Metropolitan Region Development Authority and bringing them under the new VK-PCPIR UDA.

The new urban development authority will now include 97 villages and 10 revenue mandals scattered over a large area of 640-sq km from Kurada Village in Visakhapatnam district to Vakalapudi in the East Godavari.

The ruling YSR Congress activist Chokkakula Lakshmi has been appointed as the Chairperson of VK-PCPIR UDA while the VMRDA Commissioner will be the whole time Chief Executive Officer. The chairperson will have a two-year tenure, according to the notification. It will consist of other ten official members, including the collectors of East Godavari districts and Visakhapatnam.

The AP government in 2020, sought to revive the Visakhapatnam-Kakinada PCPIR project, first conceived way back in the year 2007, and lined up two big-ticket projects as anchor tenants at Kakinada with an aggregate investment of over 15.72 billion USD.

Infrastructure and Investment Department, the AP Industry to develop industrial clusters, expressway, residential township, and knowledge hubs, and transport network as part of the grandiose project had drawn up the VK-PCPIR Master Plan-2031. The main target of the government is to make the state the largest petrochemical hub of the country by attracting investment to the tune of Rs Two lakh crore.

Over the years the project was presumed to generate a massive 12 lakh jobs (direct and indirect). But official sources say there has not been any improvement in the project so far despite the driving strategies.

Large six Construction sites in Delhi directed to stop the work as they violate pollution norms

By
Muskan Aggarwal
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Fines will be imposed between Rs 20,000 and Rs 5 lakh by the government on 31 RMC plants for not taking adequate measures to prevent dust pollution.

Large six Construction sites in Delhi directed to stop the work as they violate pollution norms

On Wednesday, Gopal Rai, Delhi Environment Minister said directions to stop work at six large construction and demolition and 11 ready-mix concrete plants in the city have been issued. Directions were issued because these sites were violating pollution Norms set by the government.

He said construction and demolition sites larger than 20,000 square meters must install anti-smog guns. He told the reporters that “There are 39 sites with a built-up area of 20,000 square meters. Six of these sites do not have anti-smog guns and have been told to stop work,”

These comprise the demolition locations of the National Buildings Construction Corporation at GPRA Netaji Nagar and GPRA Sarojini Nagar, the FICCI Auditorium, the demolition site of the Central Public Works Department at Kasturba Nagar, the construction sites of the CRPF Headquarters (CGO Complex), and GPRA Tyagraj Nagar.

Rai said, “I will visit these sites on Friday to ascertain why they have not installed anti-smog guns.”

Fines will be imposed between Rs 20,000 and Rs 5 lakh by the government on 31 RMC plants for not taking adequate measures to prevent dust pollution.

The minister said that because the violations were “serious”, eleven of these plants have been ordered to stop the ongoing work. He completed the statement by adding that to check violations of pollution norms the environment department has set up 14 inspection teams.

To check dust and pollution at construction and demolition sites Rai Rai also called for stricter enforcement of guidelines. He said, “This anti-dust campaign will continue in a mission mode till October 15 and strict action will be taken against the violators.”

Commencing October 15, stricter norms to compete against air pollution will also come into action in Delhi and its neighboring regions as an aspect of the Graded Response Action Plan (GRAP), which was primarily enforced in Delhi-NCR in 2017. Questioned about the real-time source apportionment research together performed by the city government and Washington University, the minister said a three-member council has been established to evaluate the report and the outcomes will be shared afterward.

These regulations include enhancing the frequency of bus and metro services, strolling parking prices, and avoiding the use of diesel generator sets when the condition of air turns poor. When the situation whirls “severe”, GRAP proposes the closure of brick kilns, stone crushers, and hot-mix plants, a sprinkling of water, regular mechanized cleaning of roads, and maximizing power production from natural gas.

The norms to be pursued in the “emergency” circumstance include halting the entry of trucks in Delhi, a ban on building activities, and beginning of the odd-even car-rationing strategy.

Rajasthan High court banned the regularisation of illegal colonies in cities

By
Muskan Aggarwal
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According to the rules and regulations, cities with a populace of over 1 lakh are permitted to perform regularisation after implementing the Zonal development plan.  Zonal plans have only been put in place in some cities out of 29 big cities and Jaipur and Jodhpur are one of them.

Rajasthan High court banned the regularisation of illegal colonies in cities

In Jaipur on Wednesday, without implementing Zonal and sectoral plans, the Rajasthan High court prohibited the regularisation of illegal colonies in cities which as a result came as a setback of the state’s government’s ambitious six-month special campaign, ‘Shahar-2021.’ The declaration was provided on a petition filed by Roshan Vyas.

According to the rules and regulations, cities with a populace of over 1 lakh are approved to conduct regularisation after implementing the Zonal development plan.  Zonal plans have only been put in some cities out of 29 big cities and Jaipur and Jodhpur are among them.

A senior UDH official said, “After the high court order, the urban development and housing (UDH) department will speed up implementing zonal plans in bigger cities,” He further added, “It will not affect the regularisation process as camps will be held for long to complete the process.”

Likewise, in smaller cities that do not have layout plans, a ban has been imposed. A source of Economic Times said that “There are 184 small cities and none of them have layout plans. However, plans have been prepared for most of the cities. Legal advice will be sought, and the process of regularisation will begin soon.”

Officials said “As per norms, colonies can be regularised if they are developed as per 60:40 ratio. While 60% can be used to develop land plots, the remaining 40% of the land is to develop facilities, including roads, awesome developers have developers who have made plots on land meant for parks and roads. The court has banned regularisation of such plots.”

During this campaign, the primary objective of the state government is to issue 10 lakh regularisations. The regularisation of colonies on agricultural land was the central attraction of the campaign.

It is figured that there are partially or fully constructed 7-8 lakh houses on agricultural land that need the title deeds. The court has also prohibited the regularisation of plots expanded on areas reserved for utilities. Regarding this, the UDH department on Wednesday also issued guidance to abolish the previous order to regularise plots on such areas.

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