Properties in Defence Colony Delhi

The Supreme Court has halted further constructions in 1,797 colonies of Delhi, which are not in conformity with the building bye laws. The top court has asked the Centre to set up a special task force to oversee enforcement of laws regarding illegal constructions. Also, the Delhi High Court has warned the Delhi government of a time bomb in the making owing to its vested interest of regularising illegal constructions with the support of municipal corporations.

The Maharashtra State Cabinet took two key decisions in a meeting held on April 24 that have come as a boost for real estate market of the capital city, Mumbai. In a move that has come as great relief to those who left Pakistan to settle in India after the Partition in 1947, the state has decided to freehold their properties. It has also decided to reduce the lease rent it charges form co-operative housing societies built on government land in Mumbai.

The Pune Municipal Corporation launched Urban Street Design Guidelines for areas falling under the city limits in 2016. These set ground rules were formed to ensure appropriate street types and street designs. Two years into the program, Pune has won accolades from the experts as well as the central government for executing the project. So far, work on the JM Road, Bhonde Colony and the Tilak Road have been completed while the congested stretches of the Laxmi Road, the Bajirao Road and the Kumthekar Road are next in the queue.  

In what could be termed as a major reformatory step in the real estate sector, the Gurgaon administration has capped registration charges for properties in licensed colonies at Rs 15,000. In a notification issued on April 2, the Gurgaon district town planner has ruled that real estate developers in the city could charge Rs 15,000 from homebuyers towards the administrative registration of flats.

However, the forest cover in India has increased by 6,778 square kilometres during the last two years. This is a marginal rise of 0.21 per cent compared to the 2015 data. Development projects, illegal encroachments, construction and urbanisation, conversion of forest land for cultivation and commercial logging are the contributing factors for the loss of forest cover in the country. Can we as a country afford the green cover loss? Liveability is at stake.