13 - 08 - 2021

CREDAI Bengal Daily News Update | 13.08.21

Our responsibility to change conservative system in steel and

cement: Nitin Gadkari

Addressing a virtual event organised by industry body CII, Union Minister Nitin Gadkari

appealed for cooperation by 'experienced people' to help change the system in the steel and

cement industry.

"The present system in the government is orthodox, conservative and not ready for any change.

It is the responsibility of people like me to change the system, attitude, approach and vision and

take the appropriate policy decision through which we can give advantage to the country, the

people and everybody," said the road, transport and highways minister.

Gadkari underlined the need to save on costs and make alternatives for steel and cement.

"My suggestion is for people like you is on how we can reduce the cost without compromising

the quality by using different materials, changing designs. That is exactly where I need people,

the experienced people who are working," the minister said.

Gadkari further said he does not a hold a good opinion on steel and cement companies that are

"exploiting the situation and creating black markets".

The minister gave the example of his experience of working on the Zoji-la Tunnel, where with

the help of a "good engineer advising him", Gadkari was able to reduce the cost of the project by

saving Rs 5,000 crore.

________________________________________________________________________

Newspaper/ Online Magicbrick News(Online)

Date August 12, 2021

Link https://content.magicbricks.com/property-news/our-responsibility-to-change-conservative-system-in-steel-and-cement-nitin-gadkari/123435.html

Realtors not entitled to sell open parking: MahaRERA

As per the Real Estate (Regulation and Development) Act, the open parking space is part

of the common area of a real estate project and provided free of floor space index (FSI).

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a notification

stating that developers were not entitled to sell or allot open parking to homebuyers.

As per the Real Estate (Regulation and Development) Act, the open parking space is part of the

common area of a real estate project and provided free of floor space index (FSI).

MahaRERA chairman Ajoy Mehta told TOI that the notification was issued last week. “We have

been receiving several complaints from citizens regarding parking being allotted on the discretion

of the developers. This notification ushers in clarity and transparency between both the developer

and the homebuyers, thus, reducing complaints,” he said.

The notification, signed by MahaRERA secretary Vasant Prabhu, stated that developers would,

henceforth, be required to specifically mark the garage, open and /covered parking space in the

real estate projects in accordance with the approved/sanctioned plans and tag it to the allotted

apartment.

The regulatory body has also directed that the garage/covered parking space when sold/ allotted

for monetary consideration, the type, numbers, size as well as the place where such garage/

covered parking space is situated should be mentioned in the sale agreement. It should be annexed

to the agreement.

Credai vice-president Shantilal Kataria said still the issue of allotting parking space to each flat

buyer remained unclear in case of less covered parking space as against the apartments in a

project. “There is a request to allow allot open parking, if sanctioned by the local authorities,” he

said.

Consumer rights activist Shrikant Joshi said the notification would help in keeping a check on

errant developers and benefit consumers.

Newspaper/ Online ET Realty (Online)

Date August 13, 2021

Link https://realty.economictimes.indiatimes.com/news/regulatory/realtors-not-entitled-to-sell-open-parking-maharera/85292280

Ramesh Prabhu, chairman of the Maharashtra Societies Welfare Association, said the earlier

judgments of the SC, HC and even MOFA Act stated that open parking cannot be sold. “During

conveyance, the builder has to hand over the open car parking to the society,” he said.

________________________________________________________________

Mumbai’s Luxury-Home Rents Tumble As Pandemic Makes

Landlords Jittery

Rents for luxury homes in Mumbai, India’s costliest real estate market, tumbled during the

pandemic as people either cut expenses or shifted to hometowns.The cost of renting high-end

properties—commanding at least Rs 2 lakh a month—has fallen 20-25% in India’s financial

capital, according to real estate portal Zapkey.com. It collated data from property registration

documents.

_____________________________________________________________

Newspaper/ Online Bloomberg Quint (Online)

Date August 13, 2021

Link https://www.bloombergquint.com/real-estate/mumbais-luxury-home-rents-tumble-as-pandemic-makes-landlords-jittery

Flexible workspace operators looking to expand portfolios by 30pc

Flexible workspace operators are looking to expand their portfolios by over 30 per cent in the

next 2-3 years to meet rising demand, according to FICCI-CBRE report.

The report -- Future of Flexible Workspace -- is based on a comprehensive survey of the leading

flex space operators in the country, FICCI said in a statement.

It highlights fluidity of the workforce, portfolio re-optimization, hub and space models, enhanced

financial gains, rising numbers of strategic partners/acquisition, demand-backed expansions,

focus on tech, health, and safety as some of the key factors which will drive the growth of this

emerging industry.

Sulajja Firodia Motwani, Chair, FICCI-Maharashtra State Council said that the flexible

workspaces are going to witness a lot more traction in this post COVID era. PTI MJH MR MR

____________________________________________________________________

Newspaper/ Online Outlook India (Online)

Date August 12, 2021

Link https://www.outlookindia.com/newsscroll/flexibleworkspace-operators-looking-to-expand-portfolios-by-30pc/2140234

South Delhi civic body offers online module for alteration

permission in DDA flats

SDMC Mayor Mukesh Suryan said permission of addition and alteration will be granted in

existing DDA flats as per the policy notified by the Delhi Development Authority (DDA).

The South Delhi Municipal Corporation (SDMC) under ease of doing business has developed an

online module using which citizens can seek permission for alteration in existing DDA flats, an

official statement said on Wednesday.

SDMC Mayor Mukesh Suryan said permission of addition and alteration will be granted in

existing DDA flats as per the policy notified by the Delhi Development Authority (DDA).

"The SDMC, being a nodal agency, under ease of doing business has developed an online module

for revalidation of permits related to all types of building construction. There will be no physical

interference of offices of the MCDs and their officials and staff," Suryan said in a statement.

"For addition or alteration (in DDA flats) the applicants will have to submit application form only

through online mode. Registered architect will have to submit application following which

approval will be granted. The mayor said that in case of any technical issues, applicant may

communicate through the mail," the statement said.

Suryan further said the SDMC has been simplifying and strengthening the process of procuring

permit related to building construction in the jurisdiction of all three MCDs.

"Through online module, whole process of approval and grant of building permits related to

construction will be simpler and more transparent," he said.

________________________________________________________________

Newspaper/ Online ET Realty (Online)

Date August 12, 2021

Link https://realty.economictimes.indiatimes.com/news/technology/south-delhi-civic-body-offers-online-module-for-alteration-permission-in-dda-flats/85262710

Gurugram: DTCP issues notice to realtor over 60 flats, 40 shops

built without nod

Many of these flats and shops — in Dayanand Colony — have been sold and seven families

have already moved into their houses. Construction of a section of the project was underway

when a DTCP team visited the site on Wednesday.

The department of town and country planning (DTCP) has issued a notice to a private developer

for building 60 flats and 40 shops in Sector 5 without taking permission from the authorities and

getting the plan approved.

Many of these flats and shops — in Dayanand Colony — have been sold and seven families have

already moved into their houses. Construction of a section of the project was underway when a

DTCP team visited the site on Wednesday.

The DTCP has now sent a notice to the developer, seeking a reply in seven days. District town

planner (enforcement) RS Batth said they had received a complaint, alleging that an unauthorised

colony was being constructed after dividing the land into small plots.

“The site was inspected on Wednesday and the allegations were found to be true. The land on

which the project was being developed is on the revenue estate of Gurgaon village,” said Batth.

Taun Dua, the complainant, insisted that the buildings should be razed immediately. “The project

has violated all the norms and has caused a huge loss to the government in terms of revenue,” he

added.

This is the third such building violation to have come to the fore over the past few months. Two

relatives of former Gurgaon MLA Umesh Aggarwal and the husband of current MCG councillor

Sheetal Bagri were among 22 people who were issued showcause notices by the DTCP for

allegedly constructing 130 flats in Sai Lane in violation of the Haryana Development and

Regulation of Urban Areas Act.

Before that, 150 flats were constructed without any approval in Ansal Esencia Extension in Sector

67. Former councillor Gaje Singh Kablana, the husband of senior deputy mayor Pramila Kablana,

and 20 others were booked for the violation.

________________________________________________________________

Newspaper/ Online ET Realty (Online)

Date August 13, 2021

Link https://realty.economictimes.indiatimes.com/news/industry/gurugram-dtcp-issues-notice-to-realtor-over-60-flats-40-shops-built-without-nod/85292495

Government departments owe Ghaziabad civic body Rs 200 crore

property tax

Officials said the dues on some of these departments have not been paid in the past 10 years

and so the GMC has started sending recovery notices.

Several state and central government departments owe over Rs 200 crore to the Ghaziabad

Municipal Corporation (GMC) in the form of service and property taxes, with the power

department topping the list with over Rs 83 crore as outstanding dues, TOI has learnt.

Officials said the dues on some of these departments have not been paid in the past 10 years and

so the GMC has started sending recovery notices.

“All establishments — central or state — falling under the municipal limits are liable to pay

property and service taxes to the GMC and there is a central government order on it,” said Sanjeev

Singh, chief tax assessment officer of GMC. “There are many departments which have not paid

their dues in a decade, and now we are sending notices to them.”

The state electricity department, for instance, has not paid its dues in more than 10 years and in

the assessment done for the financial year 2020-21, the outstanding amount stands at Rs 83.03

crore. “Similarly, the Delhi Metro owes Rs 45.37 crore to the civic body, followed by some

central and state government office buildings at Rs 39.80 crore and Rs 26.88 crore, respectively,”

Sinha said.

The Delhi Metro Rail Corporation, while responding to the GMC’s notice, has said that the

Ghaziabad Development Authority (GDA) should be paying the tax instead.

“The Indian Railways has also not cleared taxes to the tune of Rs 7.2 crore, and together these

departments owe over Rs 202 crore,” the chief tax assessment officer said.

Explaining the calculation of service tax, Sinha said that “it’s based on the valuation of a

building”. “GMC provides for roads, electricity, water pipeline and other amenities in the vicinity

of the building and based on the level of services provided, we charge between 33.5% to 75% of

the annual rental value on the custodian of establishments,” he said.

“In case of DMRC, the GMC is well within its rights to impose service tax on metro stations that

fall within the civic body’s limit on the Red Line metro corridor. As for DMRC’s contention that

GDA should be paying the dues, it’s for the two agencies to sort it out,” the officer said.

Newspaper/ Online ET Realty (Online)

Date August 12, 2021

Link https://realty.economictimes.indiatimes.com/news/regulatory/government-departments-owe-ghaziabad-civic-body-rs-200-crore-property-tax/85266750

Property tax, Sinha said, includes house tax, water tax and sewer tax on all establishments availing

the services within the municipal limits of the city.

________________________________________________________________

Punjab & Haryana governments, PGI yet to pay advance to CHB

for high-end flats

A senior CHB official said they were in touch with all of them last year but nobody has

submitted the 25% advance money. Although Punjab and PGI had given their affirmation,

they have still not made any deposit, he added.

While the Chandigarh Housing Board (CHB) has planned high-end flats for government officials

of Haryana, Punjab and PGI at the Rajiv Gandhi Chandigarh Technology Park (IT Park), the

state governments, the UT administration and PGI are yet to submit an official confirmation and

25% advance money to the board for their construction.

A senior CHB official said they were in touch with all of them last year but nobody has submitted

the 25% advance money. Although Punjab and PGI had given their affirmation, they have still

not made any deposit, he added.

Sources said the high cost of the towers having the residential flats was the likely reason.

The housing board is expected to construct 10 towers with 28 flats each having a base price of Rs

2 crore for each flat. All the three agencies are expected to pay Rs 66 crore each for their share of

the flats. The project is to come up on 6.73 acres of land.

In June, the CHB officials had given a presentation in Haryana assembly to speaker Gian Chand

Gupta, chief secretary Vijai Vardhan and engineering department officials. Sources said that

Haryana is now contemplating to construct flats in Panchkula.

The CHB had planned constructing luxury flats for the officials and MLAs of Punjab and

Haryana, and for PGI and Chandigarh administration.

For starting the construction, the CHB had last year written to both Punjab and Haryana and PGI

for releasing their share of 25% payment.

In September 2019, the CHB had sought opinion from both the governments. In addition to

Punjab and Haryana, PGI had also expressed willingness to buy flats in the project.

________________________________________________________________

Newspaper/ Online ET Realty (Online)

Date August 12, 2021

Link https://realty.economictimes.indiatimes.com/news/residential/punjab-haryana-governments-pgi-yet-to-pay-advance-to-chb-for-high-end-flats/85273318

www.credaibengalhomes.com on Social Media

By saving time and enabling convenience, CREDAI Bengal Homes makes

your house-hunt so much easier.

Visit https://www.credaibengalhomes.com/ to book now.

#CREDAIBengalHomes #WBHIRAApprovedProperties