#RealtyNewsRoundUp: Bengal Notifies Its Own Real Estate Law
Description
Chief Minister Mamata Banerjee-ruled West Bengal has passed its own law to regulate the state’s real estate sector, defying the Central Act that came into effect last year. The state has also diluted two key provisions in the West Bengal Housing Industry Regulation Act (WBHIRA), a move that would harm the interests of homebuyers.
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The Mumbai Development Plan (DP), 2034, will come into effect from June 22, the Brihanmumbai Municipal Corporation has said. The civic body will soon issue guidelines of the transition policy applicable until suggestions and objections are examined and the excluded part of the DP is sanctioned.
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In order to check the mushrooming growth of illegal colonies on agricultural land, the Department of Town and Country Planning (DTCP) has proposed to declare 53 more villages in Gurgaon district as urban areas. The decision will be implemented under Section 7A of the Haryana Development and Regulation of Urban Areas Act, 1975.
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The City and Industrial Development Corporation (Cidco) is offering a 1.3-hectare plot in the developed Nerul node of Navi Mumbai, for residential-cum-commercial development, and has invited applications for lease of the same.
Source: Media reports