Assam CM announces 300cr residental colony in AMCH

Construction of a residential colony at the prestigious Assam Medical College and Hospital (AMCH) in Dibrugarh was announced by chief minister Himanta Biswa Sarma on Tuesday. With an estimated investment of Rs 300 crore, the project aims to provide a significant boost to medical infrastructure in upper Assam. The announcement came during a comprehensive review meeting at AMCH, where CM assessed the existing facilities and infrastructure of the medical institution. AMCH principal and chief superintendent Dr Sanjeeb Kakati presented a detailed overview of the medical college's operations. The new residential colony at AMCH represents our commitment to improving healthcare infrastructure in Assam. This project will significantly enhance the living conditions for our medical staff and contribute to better healthcare delivery. The CM's visit to Dibrugarh was marked by multiple high-level meetings over various civic and safety concerns. Earlier in the day, he chaired a crucial road safety meeting at the CM's Secretariat, attended by top police officials, including DGP GP Singh, special DGP Harmeet Singh, commissioner and SPs from nine upper Assam districts. Emphasising the importance of road safety during the festive season, Sarma issued strict directives to law enforcement agencies. "We must maintain heightened vigilance until Jan 15 to prevent road accidents during the new year celebrations. There will be zero tolerance for drink driving and rash driving. We are looking at comprehensive solutions to address the waterlogging problem in Dibrugarh. Our govt is committed to improving the urban infrastructure and quality of life for residents. The CM concluded his three-day visit to Dibrugarh before departing for Guwahati.
 

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Government plans zero collateral housing laons for low annd middle  income groups

The government is firming up a zero-collateral housing loan scheme for low- and middle-income groups which will offer up to Rs 20 lakh with minimal documentation or third-party guarantee, said people familiar with the matter. Amendments to the Credit Risk Guarantee Fund Scheme for Low-Income Housing (CRGFTLIH) are being examined to pave the way for the scheme, they said, adding that the loan could have a tenure of 30 years. Under the existing provisions, housing loans up to Rs 8 lakh are eligible for guaranteed cover. "The idea is to make credit available for those homebuyers who do not have any documented income or minimal supporting documents. Talks are on between the ministries of finance and housing & urban affairs, National Housing Bank and other commercial banks to firm up the parameters such as eligible income and equated monthly instalment and net monthly income ratio. A bank executive said up to 70% of the loan amount in default will be guaranteed under CRGFTLIH. Changes to its operational guidelines dealing with the extent of the guarantee and coverage period are being examined. In August, the government increased the corpus fund of Credit Risk Guarantee Fund Trust (CRGFT) to Rs 3,000 crore from Rs 1,000 crore to provide benefit of credit risk guarantee on affordable housing loans to EWS and LIG households. Under Pradhan Mantri Awas Yojana-Urban 2.0, government assistance of Rs 2.30 lakh crore will be provided to 10 million urban poor and middle-class families through states or union territories to construct, purchase or rent a house at an affordable cost in urban areas in five years.
 

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Noida YEIDA completes 1400 registries for industrial plots

The Yamuna Expressway Industrial Development Authority (YEIDA) has executed 1,400 registries out of the 3,040 industrial plots allotted so far. The increasing interest in completing registries has been driven by the development of the upcoming Noida International Airport, which has significantly boosted the region's appeal. Officials said that over 1,200 of these registries were executed in the past one-and-a-half years alone. With these formalities now finalised, the allottees are expected to begin construction and make their industries operational within the next three to four years. Major industrialisation will be visible in the next three to four years when Apparel Park, Toy Park and Medical Devices Park become functional. YEIDA plans to issue fresh notices to remaining allottees, urging them to complete the registry process for plots where checklists have already been issued. According to the authority, the registry process, which was sluggish until 2022, has accelerated in recent years. Previously, only about 30 to 35 registries were completed annually. The industrial plots span key sectors such as 24, 28, 29, 32 and 33. In Sector 29's Apparel Park, 149 plots have been allotted, with 75 lease deeds executed so far.
 

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Supreme court issues landmark directives to curb illegal constructions

In a significant judgment, the Supreme Court on Tuesday said unauthorised constructions cannot be legitimised merely due to administrative delays, passage of time, or monetary investments and issued a slew of directions to curb illegal constructions. A bench comprising Justices J B Pardiwala and R Mahadevan said even the post-construction violations must trigger swift corrective action, including demolition of the illegal part and penalties for erring officials. The bench also upheld the demolition of unauthorised commercial constructions in a residential plot in Meerut, emphasising the need for strict adherence to urban planning laws and accountability of officials. The court issued a slew of comprehensive directions in larger public interest to streamline urban development and enforcement. All necessary service connections, such as, electricity, water supply and sewage, should be given by the service providers to the buildings only after the production of the completion and the occupation certificate, it said. The development must be in conformity with the zonal plan and usage and any modification to such plan and usage must be taken by strictly following the rules in place and in consideration of the larger public interest and the impact on the environment. Banks and financial institutions should sanction loan against any building as a security only after verifying the completion certificate. The top court directed its registrar to circulate a copy of judgment to all high courts to enable them to refer it while considering such disputes. The judgment pertained to the appeals, including the one filed by Rajendra Kumar Barjatya, against the Allahabad High Court's 2014 decision directing demolition of the illegal structures on a plot in Shastri Nagar, Meerut. 
 

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DTCP bans sale and purchase in Mahira Homes societics in Gurugram

The Department of Town and Country Planning (DTCP) has banned the sale and purchase of properties in two societies developed by Mahira Homes Group in Sectors 103 and 104. The group came under scrutiny after it failed to deposit external and internal development charges (EDC/IDC). Earlier, a show-cause notice was issued to the developer on August 11, 2023, granting an opportunity to clear the dues and resolve disputes related to licensing documents. The builder, however, ignored the orders. This came after landowners filed complaints accusing the builder of obtaining licenses using forged documents. Mahira Group and Czar Buildwell had obtained housing licenses in 2019 and 2021 respectively. Citing the builder's negligent approach, the DTCP director asked the district deputy commissioner to ban all transactions involving land or flats in the two societies. More than 5,000 homebuyers have been protesting against the developer due to these stalled projects that has left them grappling with uncertainties about their investments. Amid the growing tension between developers and regulatory authorities, affected residents hope for swift resolutions and stricter enforcement of housing norms. 
 

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Bengaluru Ozone Urban Developers face allegations rs 3300 crore fund

The Central Crime Branch (CCB) of Bengaluru police has registered a case against Ozone Urbana Infra Developers Private Limited, alongside several banks and financial institutions, for allegedly defrauding homebuyers of a staggering Rs 3,300 crore. According to the industry sources, the scale of the alleged fraud is unprecedented in Bengaluru’s real estate history. ”The investigative agencies are working on tracing the misappropriated funds and identifying the full extent of the conspiracy. The complaint was filed by Errol John Noronha, president of the Ozone Urbana Buyers Welfare Association, who accused the developers of  securing loans in buyers’ names, misusing funds, and failing to deliver housing projects as promised. According to the FIR, the developers obtained Rs 1,500 crore in mortgage loans and diverted an additional Rs 1,800 crore from homebuyer payments and related transactions. These funds were meant for the one of the largest township project— Ozone Urbana township project in Devanahalli, launched in 2012. Over a decade later, the project is only 49% complete, far from its promised 2017 deadline. The FIR names several leading financial institutions, including HDFC, Indiabulls Housing Finance, Bank of Baroda, and Piramal Capital and Housing Finance, accusing them of complicity in the alleged fraud. The developers and their associates are suspected of siphoning off the money to other entities, leaving buyers and financiers in the lurch. The agency is expanding the probe to uncover all parties involved,” said one of the earlier source. The case has sent shockwaves through Bengaluru’s real estate sector, with buyers demanding stricter oversight and immediate  justice for the financial and emotional toll they have endured.

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Chennai Valasaravakkam plot to transform into lake and eco park

A once-slushy, garbage-ridden four-acre plot in Valasaravakkam is now a sprawling lake and will soon be transformed into an eco-park offering a leisure experience to people. Valasaravakkam and Porur neighbourhoods, with more than 5 lakh residents, faced constant flooding, with knee-deep water near metro rail work sites. This caused snarls on the busy Porur-Vadapalani stretch regularly. Greater Chennai Corporation (GCC) found a fix for the civic issue by transforming an abandoned private land into a three-acre pond last month. It is now brimming with 1.5 million cubic feet of water. Located just 200 metres away Arcot Road on First Main Road in Valasaravakkam, the pond will soon be converted into an eco-park at a cost of 5 crore. The Subramania Venkateshara Swamy pond has multiple tree islands for birds and an elevated bund to keep encroachers away. Residents demanded the construction of boundary walls at the western end of the pond. "The pond does not have boundary walls. People throw garbage from the balconies of houses, and in abandoned corners, and deploy a watchman," said K Sivasankaran, a resident of Sairram Nagar.
 

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