Land titling project may pass in monsoon session

PUNE: The Centre's push to set up a task force by Niti Aayog is likely to speed up the state government's pending amendment to the Maharashtra Land Revenue Code, 1966 Act related to land titling in the monsoon session.

On Tuesday , the central task force was appointed by Niti Aayog for land titling under the chairmanship of Tajamul Haque. It also includes Maharashtra settlement commissioner and director of land records S Chockolingam.

The appointment of the task force ready a roadmap, form a legal framework and recommend it to Parliament.While the recommendations would also highlight how the states will implement it, the Maharashtra government's attempt to ensure a litigation-free land title is still pending.

“The amendments have been proposed in the Maha rashtra Land Revenue Code (MLRC) for land titling. The final process is yet to be completed,“ said Chockolingam, who will attending the central meeting on the issue on Thursday.

Having readied the project and following it up with the Centre and the state to clear land titles, the proposed amendments are set to provide all information related to immovable properties and deals.

Currently , there is no sy stem of recording titles over the property by a public authority and the purchasers are at the mercy of lawyers who have to do a search report and establish title. This will change with the amendments, stated senior revenue officials. “The draft bill to amend the MLRC, 1966 is expected to be tabled beginning July 24,“ he said.

He added, “The titling system will protect persons from any kind of malpractices in land deals.“

Urban development portfolio given to Narendra Singh Tomar

The Government on Tuesday announced that the Minister for Rural Development and Panchayati Raj, Narendra Singh Tomar, has been given the additional charge of the Ministry of Urban Development.

Meanwhile, the Union Minister for Textiles, Smriti Irani, has been given the additional charge of the Ministry of Information & Broadcasting.

This announcement came after BJP leader M Venkaiah Naidu, who is the government's nominee for the position of Vice-President, resigned from his ministerial responsibilities.

In a tweet, the Prime Minister Office said: "Shri @MVenkaiahNaidu has resigned from his ministerial responsibilities. Additional charge of @Moud_India has been given to Shri @nstomar.The additional charge of the Ministry of I&B has been given to @smritiirani."

 Source- The Hindu Business Line

DDA 'guides' to push sale of new flats

Delhi/NCR

Seeking to facilitate visits by prospective buyers to different DDA flats being offered as part of its new housing scheme, the urban body has deputed dedicated representatives at various project sites to guide the visitors.

The DDA 2017 housing scheme rolled out on June 30 by urban development minister M Venkaiah Naidu offers 12,000 flats across four income categories. The flats are spread across Rohini, Dwarka, Narela, Vasant Kunj, Jasola, Pitampura, Paschim Vihar and Siraspur.

The flats are spread across Rohini, Dwarka, Narela, Vasant Kunj, Jasola, Pitampura, Paschim Vihar and Siraspur.

"Prospective buyers can visit the flats. They can come and have a look at the facilities. And to facilitate their visits, we have deputed representatives at various flat sites, who will guide people, who are interested in applying for the DDA scheme," a senior DDA official said.

When asked, which areas are getting more visitors, he only said, as of now, "only three-four housing sites are being visited by prospective buyers". He, however, did not mention names of those sites.

Around 10,000 unoccupied flats are from the 2014 housing scheme, while 2,000 flats have been lying vacant.

The move by the Delhi Development Authority (DDA) to allow and facilitate visit to flats is apparently to make people comfortable about the features of the flats and the facilities being offered.

The draw of lots is slated to be conducted in the first week of November which would be streamed online. The last date for submitting applications is August 11.

The price of flats range from close to Rs 7 lakh to over Rs 1.26 crore.

The four categories of houses are -HIG with 87 flats ranging from Rs 53.52 lakh to Rs 126.81 lakh; MIG with 404 flats ranging from Rs 31.32 lakh to Rs 93.95 lakh; LIG one-bed room flats numbering 11,197 and ranging from Rs 14.50 lakh to Rs 30.30 lakh; and 384 Janta flats ranging from Rs 7.07 lakh to Rs 12.76 lakh.

"People are free to visit the areas where the flats are being offered. We have also removed the lock-in period clause, as we realised this was also a factor in buyers surrendering flats," the official said.

Source: Economic Times, Delhi/NCR

No circle rate hike in Noida this year

The district administration has decided against increasing the circle rates of property under the three authorities.The decision reflects the ground situation as real estate is in recession, believed to be fallout of demonetisation.The circle rate is the minimum value at which the sale or transfer of property takes place. The properties in Noida are classified into five categories — residential, commercial, industrial, institutional and IT.The rates also differ depending on the sector.The district administration reviews circle rates and revises them in accordance with the rates submitted by the development authorities. District magistrate B N Singh said the administration has decided against hiking the circle rates in all areas under Noida Authority, GNIDA and YEIDA. “We will take a final decision after analysing feedback from residents, builders and other stakeholders,” he said.The district administration has invited feedback from people regarding the move by July 25. Officials will analyse the feedback and may incorporate minor changes before its implementation on August 1.District officials said people can submit their feedback at the offices of registrars, sub-divisional magistrates and tehsildars.S K Singh, assistant commissioner (stamp and registration), Noida, said the real estate sector has been in a period of recession for some time now.“The administration has not increased circle rates for the benefit of the people,” he said. However, circle rates might be hiked in Jewar, as the government has approved the construction of an airport in the area.Residents and developers welcomed the move, saying that circle rates of properties in certain sectors are already higher than the market rate, and any increase would have a negative impact.

Source- ET Realty

Uttar Pradesh website on RERA to be ready by end of July

The official website of Uttar Pradesh Rera, where the builders would be able to register or declare their projects as Rera compliant, is expected to be ready by the end of July.Till such time, builders willing to declare their projects Rera compliant would have to do it with hard copies of documents. The documents could be submitted with the interim Rera or the housing secretary of the government of Uttar Pradesh in Lucknow.According to Manoj Gaur, president, CREDAI - NCR, the process to go online has started and is only a matter of time. "Rera registration is nothing but a declaration of compliances with all the norms set by Real Estate (Regulation and Development) Act, 2016. So, only when a builder violates the agreed norms of Rera, does the prevailing law come into play. At the moment, the drill is about getting registered," Gaur said.Meanwhile, buyers who have been pushing for Fight for Rera, have tried to take up their issue with MLA Pankaj Singh and Union minister Dr Mahesh Sharma. "Buyers have taken their pleas to both Singh and Sharma and they have reassured that whatever was promised to the buyers would be met with eventually as soon the regulator is selected," Abhishek Kumar, president, Nefowa, said"Rera is already in play and the implementation process is on its last leg. There's no reason for buyers to get impatient," Manoj Gaur said.

Source-ET Realty 

Uttar Pradesh property: Yogi Adityanath government yet to notify RERA rules

The deadline for rolling out the Real Estate Regulation Act (RERA) is set to expire on July 30, but the country’s largest state, Uttar Pradesh, is nowhere near implementing it. The Yogi Adityanath government is yet to notify the rules, form a new authority, select its chairman and members, or even put the infrastructure in place. The previous Akhilesh Yadav government had drafted the rules of RERA and also notified them in October last year. But there was a lot of controversy over it and it was said the then Samajwadi Party government had diluted the definition of ‘ongoing project’ to keep a majority of projects in cities such as Noida, Greater Noida and Ghaziabad out of the purview of the real estate regulator.

After the new BJP government came to power in the state, it started the process of redrafting the rules afresh to protect interests of both the home-buyers and the builders. Speaking to FE on condition of anonymity, an official on the drafting panel said it has already submitted the revised rules to the government. “The rules will be cleared by a committee set up by the government for this, after which it would be cleared by the state Cabinet,” he said, adding that the applications for the chairman and members for RERA have also been forwarded to the selection committee. “The ball is now in the government’s court,” he said.

It may be mentioned that under the RERA Act, all state governments were given three months’ time to put all the necessary infrastructure and delivery mechanism in place to implement the law, including forming a new authority, appointing a chairman for it along with three members, opening a separate bank account for RERA to enable builders and developers to deposit charges and fee along with their registration papers , alongwith a functional website for project and agent registration.

Speaking on condition of anonymity, yet another official of the housing department conceded the fact that UP is unlikely to make it within the deadline. “Despite the fact that new rules have been re-drafted and applications for the appointment of chairman and members have been sent for vetting to the selection committee, we are nowhere near to getting RERA in place within the stipulated time as there is still a lot of work remaining and it is taking a very long time to get anything cleared, especially so as the UP assembly is in the midst of the Budget session. We had already sent a letter to the finance department for permission to open the bank account but there has been no response yet. Obviously, the state’s budget is a priority. Once the session ends on July 28, we hope things to move faster,” he said.

As per RERA Act, till the time a new chairman is selected, the principle secretary, housing has been asked to discharge the duties of RERA. But in the absence of rules and other infrastructure and delivery mechanism, it would be wishful to expect him to shoulder the responsibility with any seriousness.

NEW GURGAON RIDING HIGH ON INFRASTRUCTURAL ADVANCEMENTS

Catalysed by the availability of affordable homes, superior connectivity, great advancements in infrastructural developments and what all has been planned in terms of future growth prospects; New Gurgaon has off late emerged as a spirited residential and commercial hub in the National Capital Region. New Gurgaon has been immaculately planned and it’s two main clusters include Sectors 102 – 113 along the to be operational Dwarka Expressway and Sectors 76 – 95 & 95A. The region has seen keen interest from top developers such as DLF, Vatika, Ansal Housing, etc. and for that matter, even North India’s leading affordable housing developer Signature Global.

Commenting on how New Gurgaon is developing into a state of the art modern micro pocket, Avneesh Sood, Director, Eros Group says, “The two regions are emerging well into micro pockets and have been identified as budding strips for residential projects in Gurgaon, along the National Highway 8. The catchment area of these pockets extends from the sectors immediate after the Kherki Daula toll plaza and extending up to Manesar. Accessibility and good existing connectivity has also made this region more visible to the masses.”

New Gurgaon scores very high on connectivity front with direct access to NH 8, KMP Expressway and the Dwarka Expressway. With rail and air connectivity in close vicinity, it only adds more feathers to the cap and an ISBT has already been proposed close by to this micro pocket will only provide extra impetus to it’s growth quotient. Putting more weight on it, Pradeep Aggarwal, Co – Founder & Chairman, Signature Global says, “For the development of a region, infrastructure and connectivity go hand-in-hand and are of utmost significance. Without either one of them, the region can only witness growth at snail’s pace which in present time, won’t be considered suitable for development and returns. Projects like DMIC and Gurgaon Manesar Urban Complex give this region an edge over the others which is solely the reason why the workforce of Manesar and Gurgaon are eyeing the new developing sectors owing to the availability of affordably priced homes.”

In terms of other infrastructural developments, New Gurgaon has still a long way to go by the standards of what has been planned for this region. Social infrastructure is almost absent if one talks as of today but with considerably progress on physical infrastructure, social infrastructure will also catch up pace. However, from an investment point of view, New Gurgaon has all the attributes which makes it a preferred destination for better real estate returns. Explaining further on this, Rakesh Yadav, Chairman, Antriksh India Group says, “The pressure on the existing infrastructure is increasing day by day and newer areas need to be developed on priority. New Gurgaon is the outcome of one such decision but to help the cause further, these upcoming regions will have to well supported with socio – physical infrastructure enabling them to meet the standards of the millennium city. One of the key factors attracting buyers towards the area is its connectivity with Delhi on one side and Neemrana on the other via NH 8.”