1031 OctOct 2019 - CREDAI · factors like slowdown in economy, lower tax realisation and subdued...
Transcript of 1031 OctOct 2019 - CREDAI · factors like slowdown in economy, lower tax realisation and subdued...
10-Oct-2019 31-Oct-2019
CREDAI Bengal Daily News Update | 31.10.19
WEST BENGAL NEWS
Kolkata: Over 10 Bowbazar buildings razed, soil to be stabilized
The East-West Metro authorities are set to start trials for “compaction grouting”, an
advanced ground improvement technique to stabilize the soil.
Sixteen buildings razed and most of the rubble cleared, the Bowbazar cave-in zone has now
been transformed into an expansive construction site.
But not much construction activity can take place unless the soil is strengthened.
The East-West Metro authorities are set to start trials for “compaction grouting”, an advanced
ground improvement technique to stabilize the soil.
With 16 of the buildings being pulled down, there is now enough space for proper grouting of
the subsidence zone, where houses collapsed and sprung huge fissures after a tunnel borer of the
East-West Metro corridor project hit an aquifer on August 31, as a result of which groundwater
flooded the west-bound underground tunnel. It took a fortnight to arrest the gushing water and
the consequent subsidence.
Since then, Kolkata Metro Rail Corporation (KMRC), agency implementing the Sector V-
Howrah Mero corridor, and ITD ITD-Cementation, construction company building the 2.45-km
twin tunnels between Esplanade and Sealdah, have been engaged in razing affected houses,
clearing debris and superficial grouting exercises.
Newspaper/Online ET Realty(online)
Date October 30, 2019
Link https://realty.economictimes.indiatimes.com/news/infrastructure/kolkata-over-
10-bowbazar-buildings-razed-soil-to-be-stabilized/71818260
Grouting in civil engineering refers to injection of pumpable materials into the soil to change its
physical characteristics and reduce the permeability. Grout is a mixture of cement and water.
Soil test revealed the disaster had destabilized a large area from Bowbazar to Sealdah and
increased the permeability of the soil. Tunnelling can’t be done unless the sandy and granular
soil is firmed up with mass grouting.
An open treatment zone is needed for mass grouting that requires columns to be inserted into
the ground. Sixteen structures have been razed. Another four or five may be demolished even
though a committee of technical experts has assessed the 70-odd houses in the zone and
recommended demolition of 27 unsafe buildings. Sources said the circular area needed to build
the retrieval shaft to pull out the tunnel boring machine (TBM), Chundee, has been carved out.
But the underground shaft, around 14m deep, can’t be built unless the soil is firm enough. The
second TBM, Urvi, that will complete its tunneling till Sealdah and take a u-turn to finish
Chundee’s work, will also need an improved ground condition to burrow safely. Both TBMs
will be lifted out of the shaft that will be built there.
“Now that there is clear space, major grouting to fill the voids within the soil can start,” said a
source. Trials will be held for “compaction grouting”, the advanced ground-improvement
technique. Experts said compaction grouting was at times more economic than conventional
approaches.
“Even as the technical committee, comprising JU and IIT professors, have recommended
demolition of 27 structures, we may restrict it to 20 or 21. In that case, some unsafe structures
will require extensive grouting, along with some other buildings in the area,” an engineer said.
OTHER NEWS
Govt unlikely to go for income tax cut due to fiscal stress
Pressure is mounting on the government to cut personal income tax rates to boost
demand, especially after the finance ministry reduced the corporate tax rate by up to 10
percentage points
The government is unlikely to moderate personal income tax rates for the rich due to fiscal
stress on account of lower tax realisation amid slowdown in the economy, sources said.
Pressure is mounting on the government to cut personal income tax rates to boost demand,
especially after the finance ministry reduced the corporate tax rate by up to 10 percentage
points.
According to sources, personal income tax rate cut is difficult at this juncture due to multiple
factors like slowdown in economy, lower tax realisation and subdued non-tax mop up.
The government last fiscal missed its direct tax collection target, and for this financial year it
has set a higher revenue mobilisation goal of Rs 13.80 lakh crore.
The government needs higher revenue to spend on social security schemes like Ayushman
Bharat, Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), PM-
KISAN, and PM Awas Yojana, among others.
These schemes require funding at a time when there is already pressure on indirect tax
collection due to falling realisation from Goods and Services Tax (GST) and revenue
implication of massive Rs 1.45 lakh crore due to the corporate tax cut last month.
In the biggest reduction in 28 years, the government cut corporate tax rates by almost 10
percentage points as it looks to pull the economy out of a six-year low growth of 5 per cent
recorded during the first quarter of the current fiscal.
Sources also said the government has already given several exemptions to taxpayers, including
making income of up to Rs 5 lakh exempt from tax.
The government is gradually increasing spending social security and reducing tax burden on
lower income earners, sources said.
In order to collect more tax from the super-rich, the government in Budget 2019-20 enhanced
the rate of surcharge on individuals with taxable income of more than Rs 2 crore.
This raised the maximum marginal rate to 39 per cent for those earning between Rs 2 crore and
Rs 5 crore, while for those with annual income of over Rs 5 crore, the new maximum marginal
rate was 42.74 per cent.
Soon after the corporate tax rate cut, clamour for reduction in personal income tax rates gained
momentum.
Newspaper/Online India Today(online)
Date October 30, 2019
Link https://www.indiatoday.in/business/story/govt-unlikely-to-go-for-income-tax-cut-
due-to-fiscal-stress-1614216-2019-10-30
Even the panel on Direct Tax Code in its report favoured moderation in personal income tax,
simplification of procedure, and improving compliance with a view to raise revenue from direct
tax.
The share of direct taxes to India's total tax revenues peaked at 61 per cent in 2009-10 and has
since stabilised at around 55 per cent last year.
As a percentage of nominal GDP, tax revenues make up around 11 per cent, within which the
share of direct taxes has hovered around 5.5-6 per cent of GDP in the past three-four years.
Personal income tax collections amounted to Rs 4.7 lakh crore last year, or 2.5 per cent of GDP.
This year's target for personal income tax is budgeted to rise by an ambitious 23 per cent
compared to a subdued 10 per cent growth in 2018-19. ____________________________________________________________________________________
Fresh home loans fall 6% in Q1 FY20 due to NBFC woes: Report
According to a report by TransUnion Cibil, funding challenges are forcing NBFCs to shift
from larger-value loans to smaller-ticket personal loans, which are riskier.
Fresh disbursement of home loans and loans against property have fallen by 6% and 21%
respectively in the quarter ended June 2019 compared to the corresponding period of the
previous year due to stress in the non-banking finance company (NBFC) sector.
According to a report by TransUnion Cibil, funding challenges are forcing NBFCs to shift from
larger-value loans to smaller-ticket personal loans, which are riskier.
The slowdown in long-term loans like mortgages takes longer to be visible because loan growth
is calculated using the difference in the outstanding balance quarter-on-quarter. Because of their
long-term nature, outstanding loans continue to grow even when disbursements fall.
According to the TransUnion Cibil report, fresh disbursement of home loans by banks and
housing finance companies stood at Rs 1.2 lakh crore in the quarter ended June 2019, down 6%
from Rs 1.28 lakh crore in the year-ago period. Loans against property disbursed during the
quarter stood at Rs 30,300 crore, down 21% from the year-ago period.
“The NBFC liquidity crisis is becoming a serious concern, as it could have negative
ramifications on wider economic activity,” said Abhay Kelkar, VP (research and consulting),
TransUnion Cibil.
“Even though overall consumer credit delinquencies have remained largely stable through this
slowdown, our data indicates that there are some stress build-ups in NBFCs. While strong
lender risk management policies are always important for the health of the lending market, we
find ourselves increasingly in an environment where vigilant monitoring and thoughtful
strategies are essential to minimise the impact of a weakening portfolio performance,” he said.
NBFCs in general have been finding it difficult to raise funds in the wake of the IL&FS crisis.
In the case of housing finance, the second-largest private company — DHFL — had stopped
disbursing loans after a default. According to lenders, loan against property is largely availed by
owners of small businesses to get cheaper credit.
To that extent, the slowdown in this segment reflects a reducing in SME borrowing activity.
According to the report, consumer credit balances across all major credit products grew 17%
year-on-year (YoY) in the quarter ended June 2019, compared to 23.5% in the same quarter of
the previous year.
Newspaper/Online ET Realty(online)
Date October 31, 2019
Link https://realty.economictimes.indiatimes.com/news/allied-industries/fresh-home-
loans-fall-6-in-q1-fy20-due-to-nbfc-woes-report/71829180
Growth in credit cards and personal loans significantly outpaced increases in auto loans, home
loans and loans against property.
The fintech and NBFC segment continue to expand access to financing with the total number of
consumers with access to credit increasing by 21.7% in the quarter during the quarter YoY in
Q2 2019. Although still quite high in comparison to most major economies worldwide, this was
down materially from the 26.3% jump YoY in Q2 2018.
________________________________________________________________
Delhi to get its fourth construction waste plant by November
“We are racing against time, but are hopeful that the plant will be functional by next
month,” a senior engineering department official who is overseeing the project told TOI.
Delhi will get its fourth construction and demolition (C&D) waste plant in November. After the
recent spotlight on the capital’s inability to process at least 60% of its C&D waste, which is
contributing majorly to dust pollution, South Delhi Municipal Corporation has expedited its
work on its plant coming up at Bakkarwala.
“We are racing against time, but are hopeful that the plant will be functional by next month,” a
senior engineering department official who is overseeing the project told TOI.
The Bakkarwala plant will have the capacity to process over 500 metric tonnes of debris coming
in from construction sites across Delhi every day. During a recent review meeting with PMO on
air pollution in Delhi-NCR, SDMC had claimed that another 1,000 TPD plant would come up at
Maidangarhi.
Currently, Delhi has the capacity to process 2,650 MT of debris a day through its three plants
located at Burari (2,000 TPD), Shastri Park (500 TPD) and Rani Khera (150 MT). The Rani
Khera facility is run by DMRC.
Newspaper/Online ET Realty(online)
Date October 30, 2019
Link https://realty.economictimes.indiatimes.com/news/allied-industries/delhi-to-get-
its-fourth-construction-waste-plant-by-november/71818083
Collectively, these plants can process only about 40% of the C&D waste, turning them into
usable items, such as interlocking footpath tiles, recycled sand, stones and bricks. During the
review meeting, the issue of non-lifting of end products (tiles, bricks, etc) had also come up.
Though mandated by the Construction and Demolition Waste Rules, 2016, to use at least 20%
of the recycled items, even government firms are not purchasing them.
The civic bodies say about 6 lakh tonnes of end products are lying at the existing facilities,
along with 10 lakh tonnes of unprocessed debris. Earlier this year, IL&FS, which runs the
Burari facility, had reported that it incurred a loss of Rs 11.8 crore in its operation till March
2018.
“Only 2 lakh tonnes of end products have been lifted during this financial year,” a north
corporation official said. “NHAI is being pursued to use these materials in its projects outside
Delhi. Their targeted use is 10 lakh MT,” the official said.
The three civic bodies have also been directed to make an inventory of the C&D waste dumped
on government, DDA and municipal land. “Steps are to be taken to prevent any future dumping
on these government-owned plots,” the official said. The capital generates around 6,850 TPD of
construction debris.
________________________________________________________________
Apartment Ownership Act yet to be implemented in Rajasthan
The Act is need of the hour as it is mandatory for the developer to issue sub-lease to the
purchasers claiming their right on the land on which apartment is constructed.
Rajasthan Apartment Ownership Act despite getting a nod from the President months ago is yet
to be implemented. This Act gives land rights to flat owners on the land on which an apartment
is constructed.
The Act is need of the hour as it is mandatory for the developer to issue sub-lease to the
purchasers claiming their right on the land on which apartment is constructed. Currently,
apartment owners in a multi-storey building do not have land rights.
However, the UDH department, because of its laidback approach, has failed to implement the
Act. Like the Real Estate Regulatory Authority (RERA), the new Act was expected to bring
more transparency and protect the interests of home buyers.
Sources further said as per the Act, every person to whom any apartment is allotted, sold or
transferred by the promoter, will be entitled to exclusive ownership and possession of the
property.
The Rajasthan Apartment Ownership Bill was passed in the state assembly on April 8, 2015. An
official informed that on April 24, the Bill was sent to the central government for approval. The
Centre directed the government to remove clauses 6, 11 (1) & (2) from the draft of the Bill to
avoid conflict with the Centre’s Real Estate Bill.
“The governor in February 2018 sent the Bill to the state government for re-examination. The
amended Bill was passed in March in the assembly. The Bill, which was sent in April 2018 to
the President of India, was waiting for the final nod in July,” said the official.
Once implemented, it will be mandatory for the developer to show the title deed of the land on
which the apartments are proposed, the approved building plans, details of common areas and
limited common areas to the buyers.
A senior official at JDA said, “A builder will have to furnish a written commitment to pay a
requisite penalty in case of missing the deadline for the proposed project. At the time of
booking of an apartment, developers will declare the penalty for delay in completion and
handing over possession.”
Newspaper/Online ET Realty(online)
Date October 30, 2019
Link https://realty.economictimes.indiatimes.com/news/industry/apartment-
ownership-act-yet-to-be-implemented-in-rajasthan/71812717
Goa to set up construction waste recycling plant with Irish
technology
The facility is likely to come up in North Goa while a waste to energy plant is proposed for
South Goa.
Goa government will set up a construction and demolition (C&D) waste recycling facility based
on Irish technology with assistance from SINTEF Norway, minister for science and
technology Michael Lobo announced on Tuesday.
The facility is likely to come up in North Goa while a waste to energy plant is proposed for
South Goa.
Both plants will come up on the public-private partnership (PPP) model, Lobo said, while
speaking to reporters in Norway. SINTEF will finalise the detailed project report within a
month of deciding the site for the C&D waste plant.
Lobo said that establishing a C&D plant in Goa will help clear construction debris and help
recycle stone aggregates and sand.
“Recycled aggregates and sand can be used for construction and those buying it will be given
around 15% subsidy,” he said.
A state government delegation has visited Velde Industries at Stavengar to understand the
working technology of a C&D treatment facility, and Fortum at Oslo to understand the
technology that converts waste into energy.
At present, Goa generates around 500 tonne of C&D waste each day, which is unproductively
disposed along the national highways, in low lying lands and abandoned quarries.
Lobo said the C&D plant can recycle and produce sand and aggregates, which could also be
utilised for construction purposes and manufacturing of precast cement products such as pavers.
In light of the petition filed by a NGO in the high court challenging environmental clearance for
sand extraction in Goa’s rivers and the state government not having issued any permits for sand
extractions since the year 2018, the sand from the C&D plant will prove useful, sources said.
Similarly, with limited stone quarries operating in Goa, the recycled aggregates can meet
various construction demands, sources added.
As per the ministry of environment, forest and climate change notified Construction and
Newspaper/Online ET Realty(online)
Date October 30, 2019
Link https://realty.economictimes.indiatimes.com/news/allied-industries/goa-to-set-
up-construction-waste-recycling-plant-with-irish-technology/71816641
Demotion (Waste Management) Rules, 2010, the state is expected to establish a C&D waste
recycling plant. The National Green Tribunal (NGT) has directed chief secretaries of every state
to monitor and ensure compliance with all waste management rules, including C&D rules.
During the presentation, senior scientist from SINTEF, Christian Engelsen said that the C&D
recycling process is in tune with the concepts of reuse and recycle and circular economy, which
have been adopted by Norway and other Scandinavian countries.
The delegation also visited a waste to energy facility.
Currently, Goa collects about 55 tonne of refuse-derived fuel (RDF) per day of which 30 tonne
from Saligao waste management plant and 25 tonne from village panchayats are baled at Verna
and sent to cement plants for co-incineration.
Lobo said that the state is presently depends on neighbouring states for RDF co-incineration and
that such a plant would help Goa become self-sufficient in treating RDF. The waste to energy
plant will generate electricity and help in disposal of RDF retrieved from remediation of legacy
dumps, he said.
________________________________________________________________
HDFC acquires 9.89% stake in Bandhan Bank
Earlier this month, the bank merged with Gruh Finance, which brought down the
shareholding of the promoter from 82.26% to 60.96%
The merger was part of the stake dilution exercise to meet the Reserve Bank of
India's (RBI) stipulation
Mortgage firm HDFC Ltd has acquired 9.89% stake in Bandhan Bank as part of scheme of
merger.
As many as 15.93 crore shares of the bank was transferred to HDFC Ltd, Bandhan Bank said in
a regulatory filing.
Earlier this month, the bank merged with Gruh Finance, which brought down the shareholding
of the promoter from 82.26% to 60.96%.
The merger was part of the stake dilution exercise to meet the Reserve Bank of India's (RBI)
stipulation.
The RBI on Tuesday imposed a penalty of ₹1 crore on Bandhan Bank for not bringing down the
promoter shareholding to 40% as per the central bank timeline.
The filing further said the scheme of merger between Gruh Finance, affordable housing finance
company promoted by HDFC Ltd, and Bandhan Bank was approved by all the requisite
authorities and the shareholders and creditors of both the merging companies.
The effective date of the scheme was October 17.
In accordance with the scheme of merger, 9.89% stake of the total share capital of Bandhan
Bank has been alloted to HDFC Ltd, it said.
_______________________________________________________________
Newspaper/Online Live Mint(online)
Date October 30, 2019
Link https://www.livemint.com/industry/banking/hdfc-acquires-9-89-stake-in-
bandhan-bank-11572454254045.html
Haryana RERA asks Piyush Heights' residents to pool in money to
finish project
Over 100 residents of Faridabad’s Piyush Heights society have agreed to pool in R 8 lakh
each to complete the project and move in to their dream home.
In first of its kind order the Real Estate Regulatory Authority (RERA) of
Haryana’s Panchkula has asked a group of residents to take over a project and complete the
remaining construction work.
Over 100 residents of Faridabad’s Piyush Heights society have agreed to pool in R 8 lakh each
to complete the project and move in to their dream home.
“It is a major relief for homebuyers, who were expecting completion by 2011 by could not get it
as builder failed to complete the project. RERA suggested us to form a association and we
should be ready to pay extra money if needed,” said MC Jain, president of J&K tower of Piyush
heights.
There are 16 residential tower in the society and the builder had given possession of 14 towers.
The remaining two towers left uncompleted and the buyer had moved RERA as the builder
could not give possession.
“We will pay 15-20% extra but at least we will get the flat,” Jain added. The buyers found that
directors of Company are in Jail and construction was stalled.
According to RERA order, the builder failed to appear despite public notices and in the sixth
hearing, a representative of builder asked for adjournment.
RERA refused an adjournment to the respondents. Some of the unsold flats will be sold by the
district authority to recover cost.
________________________________________________________________
Newspaper/Online ET Realty(online)
Date October 31, 2019
Link https://realty.economictimes.indiatimes.com/news/residential/haryana-rera-asks-
piyush-heights-residents-to-pool-in-money-to-finish-project/71829131
Homebuyers' lobby objects to MahaRERA's decision to register
builders as SROs
In a letter to MahaRERA, the Forum for People’s Collective Efforts (FPCE) said the Real
Estate (Regulation and Development) Act, 2016 (RERA) does not provide any provision to
set up or register SROs of real estate developers.
A home buyers' lobby group has objected to the Maharashtra Real Estate Authority’s
(MahaRERA’s) decision to register realty developers and project promoters as self-regulatory
organisations (SROs) with the authority, calling the move 'arbitrary' and 'legally untenable'.
In a letter to MahaRERA, the Forum for People’s Collective Efforts (FPCE) said the Real
Estate (Regulation and Development) Act, 2016 (RERA) does not provide any provision to set
up or register SROs of real estate developers. ET has seen a copy of the letter sent last week.
Earlier this month, MahaRERA created a mechanism to register SROs and granted its first
certification to the National Real Estate Development Council (NAREDCO), a developers’
body, as an SRO for promoters whose projects are registered with the state authority.
The SRO is expected to encourage its members to comply with the provisions of the RERA Act,
rules, orders and circulars issued by MahaRERA. It will be responsible for carrying out
awareness and education activities among its members.
“What is the basis for MahaRERA to assume that even if promoters are told by SROs, they will
abide by their directions? Does MahaRERA consider SROs to be more effective and powerful
than itself that it believes that promoters will listen to SROs, but not to MahaRERA?” the
FPCE’s letter said.
While announcing the decision to register realty developers and project promoters as SROs, the
regulator had said that the SROs will help ensure greater professionalism among realty
developers, help in bringing in consistency in their practices, help in enforcement of code of
conduct and discourage fraud.
“The builder-bureaucratic-political nexus has been responsible for virtually crippled justice
delivery for troubled homebuyers” said FPCE president Abhay Upadhyay, adding that if builder
bodies are given registration by MahaRERA, it will create havoc. “Will it not become a tool for
them to exploit homebuyers more, as they will have legal recognition from the authority itself,”
said Upadhyay, who is also member, Central Advisory Council, RERA.
Newspaper/Online ET Realty(online)
Date October 30, 2019
Link https://realty.economictimes.indiatimes.com/news/industry/homebuyers-lobby-
objects-to-mahareras-decision-to-register-builders-as-sros/71816236
The registration of an SRO will be valid for a period of five years, the regulator had said in a
circular a fortnight ago.
The proposed SRO is expected to have at least 500 MahaRERA registered projects of their
members and has to be a group or association or federation of project promoters, which is a
legal entity.
According to FPCE, the said order has created another stakeholder for MahaRERA to manage
and regulate, besides the stakeholders as provided in RERA, and this would be time consuming.
It has suggested focusing on issues and execution of recovery warrants in 90 days, inspecting
escrow accounts, adherence to projects’ sanction plan, and keeping a tab on projects’ schedules.
The homebuyers’ body has requested the authority to withdraw the said order and ensure that it
is not acted upon, and that MahaRERA should focus only on the provisions under RERA.
________________________________________________________________
Noida Authority cancels allotment of property to Unitech over Rs
1,203 crore dues
The property concerned is located in Sector 113 where the real estate group had also come
up with 17 towers without getting the map cleared by the authority, in violation of the
Noida Building Regulation, 2010, it said.
The Noida Authority on Wednesday said it has cancelled the allotment of a group housing
property to crisis-hit realtor Unitech over non-payment of dues worth Rs 1,203 crore.
The property concerned is located in Sector 113 where the real estate group had also come up
with 17 towers without getting the map cleared by the authority, in violation of the Noida
Building Regulation, 2010, it said.
"The allotment was cancelled on October 21 on instructions of Noida Authority CEO Ritu
Maheshwari who has directed officials to reclaim possession of the property within 15 days,"
the authority said in a statement.
"The non-payment of dues includes those accruing from EMIs, interest, lease rent, construction
delay by Unitech worth Rs 1,203 crore," it added.
"The allottee (Unitech) was served a notice on August 24 and multiple other notices prior to
that, in which it was asked to clear the pending dues. It could not present any satisfactory
explanation within the stipulated time limit and hence the action," the authority said.
The group is also accused of trying to have an agreement to sell 19,181.50 sq metre of land to
M/s Sethi Residents and M/s GMA Developers, making them third-party, without seeking the
authority's permission.
"This was done in violation of the lease law," the authority had said earlier.
Unitech representatives could not be contacted immediately for a response.
_______________________________________________________________
Newspaper/Online ET Realty(online)
Date October 31, 2019
Link https://realty.economictimes.indiatimes.com/news/regulatory/noida-authority-
cancels-allotment-of-property-to-unitech-over-rs-1203-crore-dues/71829106
Faridabad civic body demolishes over 30 farmhouses built on forest
land
These houses, built in the vicinity of Kant Enclave, violated provisions of the Punjab Land
Preservation Act (sections 4&5) and had been asked by the Supreme Court to be
demolished.
The Faridabad municipal corporation on Monday resumed action against farmhouses built on
forest land and partially demolished 39 of them in Anangpur village.
These houses, built in the vicinity of Kant Enclave, violated provisions of the Punjab Land
Preservation Act (sections 4&5) and had been asked by the Supreme Court to be demolished.
Civic agency officials said the demolitions had started after October 17. Although the original
structures haven’t been demolished yet, boundary walls, platforms and other demarcating
constructions have been pulled down.
The move came after environmental activists criticised the civic agency for delaying the
demolition of farmhouses despite a Supreme Court directive to this effect. Officials, however,
said assembly elections had led to the delay in carrying out the drive.
“The demolition was delayed by a few days due to the elections. Most officials were busy in
poll duty,” said an official. He added that the municipal corporation was carrying out a survey
of all forest areas to identify places that have been encroached upon. “The survey was held up
due to the elections. But we will resume our study of forest areas next week. It is expected to be
completed by the end of this year,” he added.
On September 11, 2018, the Supreme Court had ordered the demolition of houses to check
illegal constructions on the Aravalis, in keeping with provisions of the Punjab Land
Preservation Act (PLPA), 1900. “Kant Enclave is a forest or forest land or is required to be
treated as a forest or forest land,” the apex court had stated in its order.
It had directed the Haryana government to demolish unauthorised structures built in the area.
The apex court had also directed the authorities to deposit Rs 5 crore for rejuvenating the
damaged area and to pay compensation to the affected houses owners.
The colony has 42 occupied plots and about 60 families live in the colony.
Newspaper/Online ET Realty(online)
Date October 30, 2019
Link https://realty.economictimes.indiatimes.com/news/regulatory/faridabad-civic-
body-demolishes-over-30-farmhouses-built-on-forest-land/71821877
Hyderabad civic body fines commercial spaces & residents for
flouting norms
In the last five months, GHMC has collected Rs 1.5 crore from commercial establishments
and residents in the form of fines for various violations.
Continuing its crackdown on commercial establishments and residents for flouting civic
norms, GHMC on Tuesday penalised a house owner of Patrika Nagar in Hi-Tec City by
imposing a fine of Rs 10 lakh for dumping debris in the open.
In the last five months, GHMC has collected Rs 1.5 crore from commercial establishments and
residents in the form of fines for various violations.
“The Patrika Nagar resident, Rajnikanth, was penalised for dumping debris in the open. Also,
he did not ensure structural stability of a wall of his under-construction house which had
collapsed,” said a GHMC official. The plot where a five floor building is being raised is located
adjacent to Patrika Nagar park.
On October 26, a hotel was fined Rs 1 lakh for draining water onto the road, a builder was
penalised Rs 5 lakh for damaging the road prior to that. From May 24 to October 10, the
corporation collected Rs 1.03 crore from 8,475 establishments.
“As on today, we collected Rs 1.5 crore towards penalties, which are being imposed as part of a
special drive to improve the city’s sanitation,” said a senior GHMC official.
The highest penalties have been collected in Chanadanagar circle (Rs 16,90,300) followed by
Serilingampally circle (Rs 13,90,200) and Khairatabad circle (Rs 8,41,400).
Dumping of debris and garbage in nalas and in the open, draining water onto the roads, littering
public places, usage of banned plastic bags, burning of garbage and unhygienic premises and
running business without trade licence are some of offences committed by managements of
commercial establishments.
Sources said GHMC is also trying to mop up its revenues by collecting property tax dues and
floating bonds. GHMC has also decided to raise money through rupee term loan (RTL). The
money raised through bonds and RTL would be used for projects being built under SRDP,
sources said.
Newspaper/Online ET Realty(online)
Date October 30, 2019
Link https://realty.economictimes.indiatimes.com/news/regulatory/hyderabad-civic-
body-fines-commercial-spaces-residents-for-flouting-norms/71812784