#RealtyNewsRoundup: 10% Homes Under Mhada Lottery Lying Vacant

According to a report published by DNA, over 10 per cent of the total houses listed under the Maharashtra Housing and Area Development Authority (Mhada) lottery scheme have no takers. There were over 9,000 homes listed under the scheme. The report suggests that a large part of the vacant homes fall under the Pradhan Mantri Awas Yojana (PMAY) category and many who could have been the potential buyers do not have them listed under the Central government’s scheme.

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While hearing a case against a bankrupt borrower, the Allahabad Bench of the National Company Law Tribunal (NCLT) has said that a liquidator could also sell attached properties. This decision has been taken to fasten the process of liquidating the assets of the bankrupt company. According to the NCLT, district authorities cannot prevent the sale of land or assets.

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In a recent report published in Hindustan Times, over 17 highly polluted cities in Maharashtra do not have a concrete plan to curb air pollution. The cities have failed to submit their pollution-control plans to the Central Pollution Control Board (CPCB) eight months after the Centre had asked them to do so. However, cities such as Mumbai and Pune, that submitted their pollution-control blueprint have been asked to revise the same. Maharashtra tops with the number of the cities that have not submitted their blueprint followed by states, including Uttar Pradesh, Rajasthan and Karnataka.

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For better development and growth of the villages in Andhra Pradesh, the state government is mulling the idea of upgrading the village panchayats into nagar panchayats or municipal towns. For this, the state would soon perform a feasibility study. However, reports suggest that village panchayats with a population over 25,000 could be considered for this upgradation. This move would bring these villages under urban civic bodies helping in faster growth and easy implementation of development plans.

Source: Media reports