Realty News Roundup: MMRDA To Auction Land Parcels in BKC; RWAs In Gurgaon Want CM To Revoke Licenses Of Defaulting Developers

News Roundup is PropGuide's selection of top stories from the real estate sector

Top News

The politan gion Development Authority (RDA) will auction its land parcels in Bandra Kurla Complex (BKC) to fund infrastructure projects. Since 2007, the RDA has not invited bids to raise funds by auctioning land parcels. RDA plans to sell 12,500 sq mt of land in G-Block of BKC. cently, residential floor space index (FSI) in G-Block of BKC was raised from 3 to 4. Additionally, 21,807 sq mt of residential land in G (North) Block of BKC will also be auctioned. ad more.

The sident Welfare Associations (RWAs) in Gurgaon have asked the chief minister of Haryana to revoke the licenses of defaulting real estate developers. The Citizens' Council asked the chief minister to not extend the licences of real estate developers beyond March 2016. The Citizens' Council wants defaulting developers to hand over construction and maintenance to Municipal Council Of (MCG) or the district administration. ad more.

Off the frontpage

In , you can legalise your unauthorised buildings if they were constructed before October 28, 2015. The process of legalising unauthorised buildings is under Building gularization Scheme (B) and Layout gularization Scheme (L) . You can file your applications online till January 2, 2016, though all defaulters will have to pay a fine of Rs 10,000. ad more.

The Ministry Of ment and Forests proposed a new watchdog to estimate the environmental harm inflicted by any project. ceiving green clearances are likely to turn into a lengthier process with the new body. ad more.