#RealtyNewsRoundup: Jaypee Homebuyers May Be Exempted From Filing Claim Forms

The government and the Insolvency and Bankruptcy Board of India are considering a move to exempt homebuyers in Jaypee Infratech from the requirement of filing a claim form. Based on the clarification or the notification from either the government or IBBI, the insolvency resolution professional (IRP) will issue the requisite advisory to homebuyers, who have time until Thursday to file a claim.

Jaypee Insolvency: Homebuyers Needn't Raise Claims By August 24

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The Road Transport and Highways Ministry is set to invite bids for 11 national highways next month under its toll-operate-transfer (TOT) model as it seeks to raise Rs 6,500 crore. The auction will involve seven highways running across Andhra Pradesh and four in Gujarat.

***In its new industrial scheme, the Noida Authority has reserved 10 plots for startups and 33 per cent of the land for expansion of the existing industries. Under the scheme, the authority has also introduced a special payment option for successful allottees of industrial plots. This scheme will be open till September 22 this year.

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The Chandigarh administration has proposed a raise in different types of existing fee for building plan approvals. The body is also planning to introduce a scrutiny fee to be charged from owners. By notifying the Chandigarh Building Rules (Urban) 2017, the administration has made self-certification mandatory for commercial building that are governed by architectural control sheets.

Source: Media reports