#RealtyNewsRoundup: Chandigarh Exempts Big Projects From Green Clearance [Video]
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Realty News Roundup is PropGuide's selection of the day's top stories from the real estate sector.
To incorporate environmental conditions framed by the Union ministry of environment, the Chandigarh administration has decided to not force owners of housing projects and big buildings to take environmental clearance as long as they are following the green rules. Under the new diktat, if the environment conditions are integrated with the building bylaws of a 5,000 sq m property or above, separate environment clearance for individual buildings is not needed.
The makeover of Gurugram's Golf Course Road into a 16-lane expressway will take at least six more months to complete. With 90 per cent of the work having been completed, executing agency DLF has got a six-month extension from Huda to complete the remaining work. This is the third extension of the deadline. The expressway is an 8.3-km signal-free corridor linking NH-8 with Golf Course Road.
The National Consumer Disputes Redressal Commission has directed a Gujarat-based real estate firm to pay Rs 50,000 each to 23 homebuyers for the builder's failure to execute sale deeds even after handing over the possession of the flats 20 years ago. The tribunal said the consumers cannot be made to suffer due to any dispute between co-owners of the firm.
Although demonetisation had brought down property registrations across the Maharashtra by 24 per cent, but Mumbai, Pune and Thane have shown improvement in the first month of 2017. Maharashtra's inspector-general (registration) said in comparison with the third quarter last year, registrations in Thane went up by nine per cent, in Mumbai by seven per cent and one per cent in Pune in January.
Source: Media reports