#RealtyNewsRoundup: NGT For Environmental Audit Of Govt Buildings In Delhi

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

The National Green Tribunal (NGT) has directed the ministry of environment and forests and the Central Pollution Control Board to issue guidelines for the environmental audit of all the government buildings, including schools, colleges, hospitals and offices in the national capital. These guidelines will include criteria for air quality, municipal solid waste management, sewage treatment and water harvesting.

The municipal authorities in Nashik have decided to impose heavy penalty on property owners who did not take completion certificate from the civic body. In a meeting, the municipal commissioner directed the authorities to impose a threefold fine on the erring residents. It is estimated that there are more than 10,000 defaulters in the city.

Delhi has finally got its Real Estate Regulatory Act rules. The Union urban development minister Venkaiah Naidu recently approved the rules and designated Delhi Development Authority vice-chairman Udai Pratap Singh as the interim regulator. The rules, which will be notified by the November 27, are same as notified by the ministry of housing and urban poverty alleviation on October 31.

Canadian Pension Plan Investment Board is the frontrunner to clinch a Rs 2,000-crore deal to buy into select mall assets of Atul Ruia-led Phoenix Mills. Phoenix has a network of eight malls with six million sqft leased space across six cities. The deal under discussion would cover the one million sqft Phoenix Market City Mall in Bengaluru's Whitefield suburb and one more project.

Source: Media reports