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Team iPropUnited

Team iPropUnited
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UPRERA hires consultants to offer solutions for troubled real estate projects in Noida and Greater Noida

By
Team iPropUnited
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According to chairman Rajive Kumar, the Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has hired a consultant to perform a thorough examination of stalled projects, particularly contentious ones in Noida and Greater Noida, and offer options to settle them.

The decision would help homebuyers, according to Kumar. Next month, the consultant will turn in a project, and UPRERA will choose a course of action after consulting with the state administration. He said that UPRERA has undertaken numerous initiatives to finish stalled projects and offer relief to homebuyers. The majority of the actions were done in conjunction with several parties, including promoters and homeowners. 

In Noida and Greater Noida, there are a lot of contested or troubled real estate projects. Several of these projects are still under construction, but thousands of homeowners have invested in them and have been waiting for their apartments while making rent and house loan payments. 

According to Kumar, the agency has started more than a dozen projects in conjunction with homebuyers and promoters as a part of the relief initiatives. According to him, two of these projects have advanced to the point of requiring occupancy certificates. 

“We have hired a consultant to do an in-depth review of the projects in the Noida and Greater Noida area and to suggest potential remedies so that homeowners can quickly obtain their homes, according to UPRERA. Next month, when we anticipate receiving that report, we will discuss it with the state administration before deciding how to proceed,” said Kumar. 

For UPRERA digital version 2.0, Kumar stated a software developer will soon be appointed. According to him, UPRERA was a technology innovator, which is why it has so far been able to manage around 40,000 cases. According to him, UPRERA was the first to introduce e-courts in January 2020, and its complaints section was available online right away. 

He said that over 38% of all complaints in the nation are handled by UPRERA. The national capital area, which comprises New Delhi and a few districts in Haryana, Uttar Pradesh, and Rajasthan, accounts for over 75% of the complaints in Uttar Pradesh. 

According to data from UPRERA, over 47,000 complaints were filed and 42,000 were resolved between May 1, 2017, and December 31, 2022. The largest number of complaints addressed was 9,600 in 2020, when around 7,050 complaints were filed. There were roughly 200 complaints against agents, 500 complaints against allottees, and 46,400 complaints against promoters.

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Realtor seeking checks after illegal commercial operated operate from DLF colonies

By
Team iPropUnited
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GURUGRAM: DLF areas have developed into a center for illegal commercial activity, including hair salons, gyms, grocery stores, clinics, and small restaurants.

The developer has provided the department of town and country planning (DTCP) with a list of 742 illegal commercial establishments that are located in its licensed colonies, DLF 1 to 4, to take legal action against the owners of these properties.

According to the developer, residential units were being used to conduct illegal commercial activities, which was against the rules established by the Haryana Development and Regulation of Urban Areas Act, 1975. The developer included a list of these residential properties along with a letter in which he claimed that these illegal commercial activities are burdening the community’s infrastructure more than necessary and aggravating locals. A response from these property owners is now required, according to the developer.

The company officials stated in a letter to the district town planner (enforcement) on March 29 that illegal commercial units, such as guest houses, boarding houses, restaurants, and offices, are also in violation of approved plans. The area’s population density has increased beyond what is sustainable, endangering amenities and services like water, sewage, electricity, and roads in DLF colonies.  

The developer continued, “We are receiving numerous complaints from RWAs and residents regarding issues they are having as a result of commercialization and illegal construction in residential areas. The law-abiding locals have suffered greatly as a result of these activities. The DTCP has been asked to take strict action against offenders in the interest of these residents because it has not only negatively impacted the amenities but also poses a serious risk to life and property and could result in a major catastrophe.

In response to the complaint, the department’s enforcement division formed a team led by an assistant town planner to carry out inspections and issue violation notices.

“We have received a letter from the developer on illegal commercial activities being run from residential areas,” district town planner Manish Yadav (enforcement) said. A team composed of two apprentice engineers and an assistant town planner has been assembled to conduct the surveys. Show-cause notices and restoration orders will be served to the identified properties after the survey is completed. According to him, building owners will have their occupation certificates revoked and a sealing drive will be conducted if they don’t restore the structures. Additionally, he said, “The department will write to the tehsildar not to approve the sale and purchase of such properties.”

The rules state that, with a few exceptions, residential buildings cannot be used for any commercial operations. A few non-nuisance activities are permitted only on the ground floor and are limited to no more than 25% of the space or 50 square meters, whichever is less. “Non-nuisance certificates” have only been granted to them. Non-nuisance professional activities are those that a person performs utilizing their abilities and intelligence.

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Real Estate Body Urges Maharashtra Government to Cut Stamp Duty Rates for the Benefit of Consumers and Industry

By
Team iPropUnited
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The Confederation of Real Estate Developers’ Associations of India (CREDAI)-Pune Metro has called on the Maharashtra government to reduce stamp duty rates, citing that ready reckoner rates in many areas are higher than transaction market rates. The real estate body has been continuously pushing for a review of the issue with Chief Minister Eknath Shinde and Deputy Chief Minister Devendra Fadnavis.

The real estate industry body, CREDAI-Pune Metro, has urged the Maharashtra government to reduce stamp duty rates, which it says will benefit consumers, the industry, and the state government. The current stamp duty rate is 7%, which the organization says is unaffordable for middle-class homebuyers, who constitute 60% of the population. CREDAI-Pune Metro President Anil Pharande wrote a letter to Chief Minister Eknath Shinde, Deputy Chief Minister Devendra Fadnavis, and other officials concerned, emphasizing that a reduction in stamp duty rates would be a win-win situation for all stakeholders.

Pharande pointed out that reducing stamp duty rates would reduce the overall price of the unit, enabling consumers to pay lesser EMI and potentially reducing the term of their loan. For instance, CREDAI-Pune Metro Vice President Ranjit Naiknavare cited an example of a middle-class person buying a property in an urban area in the range of Rs 70-75 lakh. By reducing stamp duty rates by 3%, their EMI and interest would reduce, softening the financial burden on common homebuyers.

Naiknavare argued that reducing stamp duty rates would not affect the government revenue, citing past experiences amid the pandemic. The reduction of stamp duty would boost the real estate sector as more units would be sold, benefiting all three stakeholders. It would also help maintain stable economic growth.

CREDAI-Pune Metro has also called for a review of ready reckoner rates, which refer to the minimum rate based on which the government charges the registration fee. The organization believes that ready reckoner rates in many areas are higher than transaction market rates, causing a financial burden on homebuyers. By reviewing these rates, CREDAI-Pune Metro hopes to ease the burden on middle-class homebuyers and boost the real estate sector in Maharashtra.

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Former Attorney General of India’s Wife Purchases Rs 160 Crore Bungalow in Delhi’s Golf Links

By
Team iPropUnited
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The prestigious Golf Links neighborhood of Delhi has recently welcomed a new addition to its high net-worth residents. Vasudha Rohatgi, the wife of former Attorney General of India Mukul Rohatgi, has reportedly purchased a luxurious 2,160-square-yard bungalow in the area for a whopping Rs 160 crore. According to the documents accessed by Moneycontrol, the sale deed shows that the bungalow has a plot area of 1806.35 sq m and a covered area of 1869.7 sq m.

The property’s registration was completed on February 24, and the family paid a stamp duty of Rs 6.4 crore for the purchase. Mukul Rohatgi has confirmed the transaction. It is noteworthy that Golf Links has limited availability, resulting in high property prices, which attracts many high net-worth individuals.

The Rohatgis’ new purchase has put them in the company of other corporate leaders who have invested in high-end properties in Delhi. Last year, former Solicitor General of India Gopal Subramanium bought an 866-square-yard bungalow in Lutyens’ Delhi’s Sunder Nagar for Rs 85 crore.

The Rohatgis’ neighbors in Golf Links include Bhanu Chopra of Rategain, Shailesh Arora of Maxop Engineering, and Pawan Agarwal of DB Group, who have also invested in expensive properties in the area. Chopra recently purchased a bungalow measuring 850 square meters for Rs 127.5 crore.

In February, the family members and associates of DMart founder Radhakishan Damani made a massive property purchase in Mumbai, acquiring 28 housing units with a total value of Rs 1,238 crore. This transaction is considered to be one of the largest property deals in India.

Around the same time, Godrej Properties Ltd acquired the bungalow of Raj Kapoor in Chembur to develop a high-end residential project. Recently, DLF Ltd, a major real estate company, announced the sale of 1,137 luxury apartments priced at Rs 7 crore and above, totaling over Rs 8,000 crore, within three days at its housing project in Gurugram.

With the Rohatgis’ recent acquisition, Delhi’s Golf Links continues to be a favored destination for wealthy individuals who are willing to invest in exclusive real estate.

Vastu Guidelines For East-Facing House

By
Team iPropUnited
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For the purpose of designing homes, palaces, and workplaces, the great science of East Facing House Vastu was created centuries ago. Vastu Shastra’s fundamental idea is to create a livable environment for people. In Vastu Shastra, the five elements of nature—fire, earth, water, air, and sky—play a significant role. The right balancing of these five natural components creates a setting that is comfortable and livable. There is a particular arrangement of the five elements of nature in each direction. For the five elements of nature combined, it actually means that each direction is unique and has a unique value. The fundamental idea behind Vastu Shastra is to construct a direction-specific structure in such a way as to best harmonize with the energies of nature in order to bring prosperity and positivity.

Significance of the five elements in the house’s Vastu plan

The five elements that makeup Earth have the following significance:

Sky       : For enhancements and expansions.

Water    : For healing and spirituality

Fire       : For power and fame

Earth     : For peace and harmony

Air   : For joy and happiness

The Vastu Characteristics Of East Facing Homes

  • The first and most significant benefit of an east-facing home is the abundance of morning sunlight.
  • According to science, this sunlight will provide us with a lot of positive energy in the form of Vitamin D.
  • The east direction attracts and brings a lot of fortune and luck to the home, according to Vastu Shastra.

Vastu Effects On Living Rooms Of East Facing Homes

  • Northeastern directions have strong spiritual vibrations. Therefore, it is ideal to position the Pooja room in the northeast. In the northeast, people will experience great tranquility. Because it is regarded as the oasis of mental tranquility.
  • A staircase can face either west or south. Both are good.
  • By designing a house with open spaces in the east, we can make the most of the sun’s benefits. Take advantage of the vitamin D in the house, sunlight, and sunlight.
  • For a master bedroom, facing southwest is the best option.
  • The northwest or southeast direction is the best choice, according to the principles of the best kitchen Vastu, for a modular kitchen design. We will be cooking while facing east, which is advantageous in this situation.
  • When building a house, the structure of the walls in the north and east directions should be shorter than those in the west or south.
  • When designing the interior of an east-facing home, it is advised to hang a crystal globe in the northeast direction to improve our kids’ academic performance.
  • Lord Kubendran is said to reside in the northeast, according to Vastu Shastra. There will be luck and prosperity in this direction. Therefore, it is preferable to construct your living room facing northeast.
  • The house’s northeast or southeast corner must be avoided, and the center must be chosen for the gate’s location. The northeast and southeast corners of a house facing east are regarded as unlucky in terms of Vastu.
  • Be careful if your home’s main entrance is in the northeast corner, if it is, make sure it doesn’t touch the corner by leaving a space between the door and the northeast wall.

The southeast entrance Vastu tips listed below can help you remove Vastu dosh if your main gate is facing that direction.

  1. Place a Vastu pyramid on top of the door and two more on either side of it.
  2. On the sides of the door, we can also paint Swastika, Om, and Trishul symbols.
  3. To keep negative energies out of your home, place a Siddha Shukra Yantra there.

A Siddha Vastu Kalash can be positioned in the home to improve the flow of positive energies there. 

East-Facing House Vastu Plan 

S. No.

Type of Room

Preferred Direction as per Vastu Shastra

1

Kitchen, living room, and guest room

North-West

2

Office, living room, and drawing room

North

3

Pooja Room

North-East

4

Dining room, study room, and children’s room

West

5

Atrium, entrance lobby, balconies, verandahs, and other outdoor areas

East

6

Staircases, overhead tanks

South

7

Kitchen, bathrooms, staircases

South-East

8

Storerooms, garages, master bedrooms

South-West

9

Main doors

Right in the Centre

Vastu Position For Master Bedroom In East Facing Home

  • The master bedroom should face southwest, according to the experts. And make sure it is bigger than the rest of our house’s rooms.
  • The bed should be positioned on the west or south wall of the room so that the head is facing the west or south while sleeping, per Vastu shastra, for an east-facing home. 
  • The dressing mirror and a small space for a changing room can both be placed on the north or west side of the room, respectively.
  • There shouldn’t be a bathroom right in front of the bed. Additionally, be sure to always keep the bathroom door closed for hygienic and Vastu reasons.

Vastu Kubera Direction For Living Room In East Facing House

  • Kubera direction has always been associated with success. Therefore, according to the vastu shastra, the living room in an east-facing home should be on the northeast side of the space.
  • Additionally, the Vastu shastra advises that the room’s north and east walls should be less thick and longer than its west or south walls. It is believed to bring prosperity in both the personal and professional spheres.

Direction Of Kitchen For East Facing House 

  • The best kitchen in an east-facing home can be located in either the southeast or northwest.
  • It is preferable to avoid north, west, or northeast.
  • If the kitchen is designed to face southeast or northwest, people will get benefit from facing east.
  • Both sunlight and uplifting energies will be drawn by it. The southeast side should be where you put the gas range, ovens, and toasters. The southwest corner should house the refrigerators or storage space.

Directions For Dining Room In East Facing Home 

  • For homes facing east, the kitchen and dining area should continue along the south, west, or east side.
  • Make sure the dining room and entrance doors aren’t facing each other.
  • The family head should always sit to the east when dining, regardless of whether everyone else is facing north, west, or east.

Direction For Pooja Room As Per Vastu 

  • The pooja room of a home facing east should face northeast.
  • The pooja room should be built a little bit away from the bathroom to keep the bad energies out and also for the purpose of creating a peaceful environment.
  • Whether it’s a 2 BHK east facing house plan or a 3 BHK east facing house plan, the same rule should be followed for all types of houses.
  • If the entrance to the pooja room faces southeast, put three Vastu pyramids, one on each door side and the third on top of the main door.
  • Moreover, Swastika, Om, and Trishul symbols can be placed on both door sides.

Vastu Plan For Enhancements In East-facing House

  • You should hang a painting of the rising sun in the east for peaceful interactions among friends and family.
  • A picture of seven horses can be hung on the living room’s east wall to promote prosperity.
  • A picture of greenery facing east can promote healthy growth and a prosperous environment. The eastern part of the house is associated with the color green, which is the color of air. Therefore, a picture showing greenery facing east will encourage growth.
  • A statue of a laughing Buddha should be placed on the eastern side of the building for perpetual happiness and harmony.

Vastu Direction For Water Tank Placement

  • The best place to put a water tank in a house is in the northeast or north direction.
  • The water tank should be positioned in the west or southwest if it is an overhead tank.
  • The water tank should never be in the middle of the house, according to Vastu shastra.

Vastu For Open Spaces In East Facing House 

  • The balconies should face east for homes with east orientation. Natural light will be available in the house without interruption. This will infuse positivity into your home.
  • It is always lucky and healthy for the occupants of a home to have open spaces facing east.
  • If your home’s east corner is blocked, your family may experience health problems, according to Vastu shastra.

Vastu Compliant Colours For East Facing House Vastu Plan

  • Even though homes facing east receive plenty of light in the morning, we might need some artificial light in the late afternoon. In order to paint the east-facing homes, we can choose the paint and decide how it will appear in both natural and artificial light.
  • Most people choose green and blue paint colors to decorate their east-facing rooms.
  • Rooms painted in blue with just a touch of grey in them exude a cool vibe, while green with aqua tones give the space a light, airy feel.
  • Lighter pink and white hues are the best options if we’re going for a minimalist aesthetic.

Directions For Staircase In East Facing House 

  • An east-facing house should have the staircase facing west, southwest, or south.
  • Never place the staircase in the northeastern corner of the house as this allows sunlight to enter the building.
  • To bring positive energy into the house, it is wise to build the stairs in a clockwise direction.

50×60 East Facing House Plan

25×45 East Facing House Plan

45-3×32 East Facing House Plan

East-Facing House Vastu Plan: The List Of Firm Nos

According to Vastu Shastra, there are a few things you shouldn’t do when building an east-facing home.

  • Avoid building toilets in a northeastern direction.
  • Septic tanks shouldn’t be built near the house in the northeast.
  • The kitchen shouldn’t be facing northeast.
  • Construction of staircases should be avoided in the northeast direction of the house.
  • The plot shouldn’t have a slope towards the south or north at all.
  • A mirror should never be placed in front of the bed.
  • North and east are not good places to plant trees.
  • A pole or tree shouldn’t be obstructing the entrance.
  • The garage shouldn’t be positioned facing northeast.
  • The northeast corner of the house shouldn’t be overcrowded.

Conclusion

Houses that face east are very energetically appealing. The right architectural methods combined with the aforementioned Vastu principles will create a tranquil environment that promotes happiness and prosperity.

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Slow Complaint Resolution at HRera Frustrates Homebuyers, Despite Increased Awareness

By
Team iPropUnited
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In Haryana, the Real Estate Regulatory Authority (HRERA) has faced criticism from homebuyers who have complained about the slow pace of complaint resolution. Despite increased awareness among homebuyers, HRERA has only resolved around 53% of complaints received in the past five years. This backlog has forced many homebuyers to approach other authorities for justice.

According to HRERA data, since February 2018, a total of 26,356 complaints have been submitted to the authority, of which only 13,133 were taken into consideration due to the regulator’s requirement for physical copies. Of these, the authority has decided on 7,031 complaints, while 6,102 are still pending. Out of the pending complaints, 4,747 are pending before the court, with only 981 cases having had their first hearing.

HRERA officials have attributed the backlog to the increased volume of complaints, pandemic-related hindrances, and a ban on proceedings related to refund cases for over a year. To address the issue, the authority has implemented various initiatives, including setting up a digital court to speed up complaint disposal.

However, the nearly 50% pendency of complaints before HRERA has left many homebuyers frustrated and seeking alternative platforms for justice. “The complaints before HRERA are moving very slowly. It gives developers time to manage irregularities, and aggrieved homebuyers are left with no option but to approach other authorities,” said Vikram Singh, an investor in an affordable housing project in Sector 62 who has been waiting for possession for six years.

A city-based lawyer also stated that the authority should not take more than 60 days to decide on a complaint as per the norms, but it usually takes four to six months, and sometimes even longer, to dispose of a complaint. The slow resolution of complaints has left homebuyers feeling helpless and highlights the need for HRERA to address the backlog and expedite the resolution process.

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Noida Authority Warns Homebuyers of Financially Troubled Realty Projects

By
Team iPropUnited
-

The Noida authority has recently released a list of 58 realty projects that have defaulted on land cost payments to the government, warning homebuyers not to invest in these projects. This move comes after much demand from homebuyers since 2017 for greater transparency in the real estate industry. The list includes all Noida developers, including Supertech, ATS, Logix, AIMS MAX Gardenia, Assotech, and 3C, who are categorized as financial defaulters.

According to Prasoon Diwvedi, officer on special duty, Noida authority, the details of all realty projects will be revised on a monthly basis. Interested parties can access the information online through the authority’s website.

Out of a total of 115 projects, 34 have been marked as “safe” because the promoters have paid their financial dues on time. Buyers may purchase flats and execute registrations in these projects. On the other hand, 65 projects are financial defaulters, and buyers cannot execute registry to transfer the property title to their names because the promoters have failed to pay dues to the authority. Fifteen of these 65 projects are facing insolvency and bankruptcy proceedings as they have defaulted on dues to lenders, including the Noida authority.

An anonymous Noida authority official explained that if a promoter pays the financial dues on time, the authority will allow the firm to execute registries, which paves the way for the transfer of the property title to the buyer. The authority prohibits registry on financial default so that the realtor is forced to clear the dues. The authority will revise the list on a monthly basis and remove the name of a builder from the defaulter category after they clear all dues.

Developers have responded to the list with criticism, stating that they will not come out of the defaulter category until the government comes up with a policy that enables them to make payments. Amit Modi, secretary of the Confederation of Real Estate Developers Association of India (CREDAI), a realtors’ lobbying group, explained that no realtor wants to be on the list of defaulters as it would make them ineligible for loans. They are unable to pay their dues because they are facing a financial crisis, and this crisis will only be addressed when the Uttar Pradesh government comes up with a policy that rationalizes their dues and waives the interest component.

Homebuyers have welcomed the authority’s move to make the list public. They believe that it will create awareness about realty projects and prevent new buyers from investing their life’s earnings in sick or stuck projects. “Even so, Noida authority delayed uploading the details for so many years. Had there been more transparency earlier, many would have been saved from investing in defaulted projects,” said Arun Chauhan, a buyer who bought a flat in Aranya project in Noida.

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Adani Group is required to establish financial capability to receive Letter of Intent for Dharavi redevelopment bid

By
Team iPropUnited
-

On Tuesday, Maharashtra Deputy Chief Minister Devendra Fadnavis stated that the Adani Group, which won the bid for Dharavi’s redevelopment, will only receive a Letter of Intent (LoI) once they have established their financial capability to undertake the project.

This statement was made in response to Congress MLA Varsha Gaikwad‘s concerns about the project’s future, following allegations of stock manipulation against the Adani Group made by Hindenburg Research.

Gaikwad asked if a new tender would be issued for the project, but Fadnavis defended the tendering process, stating that it was transparent and that the highest bidder was awarded the contract. The LoI will only be awarded after all departments have given their approval, including the Urban Development department, which has yet to make a decision, he added.

In November 2021, the Adani Group won the bid for the 259-hectare Dharavi Redevelopment Project with a bid of Rs 5,069 crore, beating DLF’s offer of Rs 2,025 crore. Fadnavis stated that the winning company must prove its financial capability and deposit a certain amount in a dedicated account before the LoI is issued.

Dharavi is located in central Mumbai and is known as Asia’s largest slum cluster, as well as a hub of small-scale, unorganized industries producing leather goods, footwear, clothing and other items.

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NoBroker Opens Dubai Office to Meet Demand from NRIs

By
Team iPropUnited
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NoBroker, the Indian real estate platform, has opened an office in Dubai to cater to the growing demand from non-resident Indians (NRIs) looking to invest in Indian real estate. The move is a reflection of the company’s commitment to expanding its presence and providing exceptional service to its customers.

The Dubai office will enable NoBroker to cater to the specific needs and preferences of NRIs, who are an important segment of the Indian real estate market. The company’s focus on providing a transparent and efficient platform for buying and selling real estate has resonated with customers, and the Dubai office is expected to further strengthen NoBroker’s position in the market.

The Indian real estate market has been growing steadily in recent years, with increasing demand from both domestic and international buyers. The NRI segment of the market is particularly attractive, as NRIs often have a strong connection to India and are looking to invest in real estate for long-term wealth creation.

NoBroker’s expansion into Dubai is a strategic move that will enable the company to capitalize on the opportunities presented by the growing Indian real estate market. With its focus on transparency and efficiency, NoBroker is well positioned to meet the evolving needs of its customers and deliver exceptional value.

In conclusion, NoBroker’s decision to open an office in Dubai is a positive development for the Indian real estate market. The move will enable the company to cater to the specific needs and preferences of NRIs, who are an important segment of the market. With its focus on transparency and efficiency, NoBroker is well positioned to capitalize on the opportunities presented by the growing Indian real estate market and deliver exceptional value to its customers.

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Emaar Announces $602 Million Dividend to Shareholders

By
Team iPropUnited
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Emaar Properties, the UAE-based real estate developer, has announced a dividend payout of $602 million to its shareholders. The payout represents 10% of the company’s share capital and highlights its commitment to delivering value to its shareholders.

The dividend payout comes after a successful year for Emaar, with strong sales and revenue growth across its portfolio of properties. The company’s focus on delivering high-quality projects and investing in innovative technologies has enabled it to maintain its leadership position in the UAE’s real estate market.

Emaar‘s dividend payout is a testament to the company’s financial strength and its ability to generate consistent returns for its shareholders. The payout will provide investors with an attractive return on their investment and demonstrates Emaar’s commitment to delivering value to its shareholders.

The real estate sector in the UAE has been growing steadily in recent years, and Emaar’s dividend payout highlights the potential of the sector as a means of generating long-term wealth. With its focus on delivering high-quality projects and investing in innovative technologies, Emaar is well positioned to capitalize on the opportunities presented by the sector.

In conclusion, Emaar’s announcement of a $602 million dividend payout to its shareholders is a positive development for the company and the wider real estate sector in the UAE. The payout demonstrates Emaar’s financial strength and its commitment to delivering value to its shareholders. With its focus on innovation and quality, Emaar is well positioned to capitalize on the opportunities presented by the growing real estate market in the UAE.

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