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UP Govt promises to deliver 20,000 flats to home buyers

<!– /11440465/Dna_Article_Middle_300x250_BTF –>In a relief for home buyers, a committee of three ministers appointed by the Uttar Pradesh state cabinet has promised to deliver 20,000 flats to them. The decision was taken in a meeting held with the concerned officials to discuss the roadmap for delivery of flats in Delhi on Thursday.The members of the committee including Industries Minister Satish Mahana, Urban Housing Minister Suresh Khanna and State Minister (Independent Charge) of Cane Development and Sugar Mills Suresh Rana met buyers, builders and officials of the authority to find solutions to the problems faced by the realty sector.”Till now, around 3,755 flats have been delivered and 20,000 flats will be delivered by December 12. As per the promise by the Uttar Pradesh Chief Minister Yogi Adityanath to deliver 50,000 in the next three months, we have asked the builders to submit the action plans for 30,000 flats,” said Suresh Khanna, Urban Housing Minister.The committee has also made it clear that the builders who deliver their flats on time will be given the benefit of the Zero Policy.”We have declared zero period (zero interest for defaulter builders) for 77 days, when work was halted due to the NGT order. We have also waived off the penalty interest to help builders to deliver struck realty projects but only those builders will benefit from this who deliver their flats on time,” Khanna added.According to the committee, around a dozen big builders including Jaypee and Amrapali, have submitted their reports. The builders will get all the help they require from the government and have also assured buyers that they will get their flats.”The government always give assurances but no work is done. We will only be sure once we get our flats. Our money is at stake, we are the once struggling not the builder or the authority,”said an agitated buyer who refused to be named.Following the insolvency proceedings against Amrapali, Co-developers Confederation of Real Estate Developers’ Associations of India (CREDAI), have come forward to offer support for completion of the Amrapali project and will offer financial aid of Rs 200 crore to Amrapali Builders to complete the project.

Need more time for builders to refund money: Alok Tandon

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Giving another chance to defaulter builders to refund the money for the land allotted for various housing projects in Noida, the Noida Authority held a meeting with nearly 30 builders on Tuesday, and later sent a proposal to the state government, urging it to extend the time for the payment by two months.Noida Authority Chairman Alok Tandon said they have written to the state government to give a chance to the builders to pay the remaining amount and extend its time duration by two months.”The builders have failed to complete their projects and have not been able to clear their dues to the Authority. On the other hand the homebuyers are suffering,” said Alok Tandon, Chairman of the Noida Authority.The proposal further stated that builders with project value less than Rs 500 crore could deposit 15 per cent of the amount, while builders with projects more than Rs 500 crore should deposit 10 percent of the amount.”Now, a builder will have to pay the stated percentage of the amount in advance. The builder will have to pay the remaining 85 per cent in installments. We have also done away with the two-year extension,” Tandon added.Officials said the change was necessary because the faulty policy had led to the ongoing realty crisis, which has left thousands of homebuyers in the lurch, with no certainty over their investments. As per the Noida Authority’s estimate, nearly one lakh homebuyers are awaiting delivery of flats even after the deadline because builders are unable to finish projects, citing a fund crunch.ProposalThe builders with project value less than Rs 500 crore could deposit 15 per cent of the amount, while builders with projects more than Rs 500 crore should deposit 10 percent of the amount.The builder will have to pay the remaining 85 per cent in installments

Union government gets tough with states on RERA implementation

<!– /11440465/Dna_Article_Middle_300x250_BTF –>In a major boost to home buyers, union urban development and housing ministry has asked states to plug the loopholes in Real Estate Regulation ACT (RERA). A parliament committee has pointed out dilution of the RERA by the states in order to provide benefit to builders.The parliamentary committee was asked to study implementation of rules for Real Estate Regulation ACT (RERA). In its report submitted in the Lok Sabha, the parliamentary panel has said that the most states have tweaked rules, which are beneficial to the builders but detrimental to the consumers.The act was enacted to protect consumers but the onus to implement it was on the states. However, the parliamentary committee found that going against the spirit of the law several states including Rajasthan made changes suitable for builders. It said that because of this consumers are not getting the benefits they are entitles under RERA.But, the union government has made it clear to the states that for effective implementation of the law while keeping in mind consumers’ interest, they will either have to change the rules not in accordance with the central act or frame new laws. Following the central ministry’s directives, the states will have to close the gap deliberately left open for benefit of builders.Rajasthan where the RERA came into effect on May 1, this year is, among the states that circumvented the new act by leaving ambiguity in the rules. The state government while framing the rules defined them in arbitrary way.As per the central act, ongoing projects have to be registered under RERA. It considers ongoing projects that have not taken completion certificate till the date act came into force. However, in Rajasthan has added several provisions, which are not in tune with the act.To put an end to this the parliamentary committee has made several recommendations. It said that as per article 254 (2) of the constitution, the central government has right to enact acts like RERA. Such law would override acts and rules implemented by the states. Among the gross violation of RERA by the states, the report mentioned definition of ongoing projects and penalty on the builders for poor quality of construction. It has recommended that the central government must ask states to either change their rules or make fresh rules. Also, the committee should be informed about the action taken on its recommendation.What did Rajasthan do:-Projects in which common facilities handed over to residents’ association or authorised agency have been included in ongoing projects.Those projects which have sold 60% plots or housing units or gave their possession.The projects whose completion certificate have been issued by chartered engineer.Even the projects who have applied for completion certificate to the competent authority have been consideredongoing projects.If 50% development fee has been deposited.If the competent authority has begun regularization of the projects.

Will have to test applicability of RERA, says Bombay HC

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Bombay High Court today directed the central and Maharashtra governments to file replies to petitions challenging constitutional validity of some of the provisions of the Real Estate (Regulation and Development) Act (RERA) saying its applicability will have to be tested. A division bench headed by Justice Anoop Mohta was hearing petitions filed by DB Realty, MIG (Bandra) Realtors and Builders and others, questioning the “extreme and unreasonable” provision that requires ongoing projects to be registered with the authority set up under the new act. After hearing brief arguments, the court asked the Centre and the state to file reply affidavits in four weeks. “We will have to consider and test the applicability of the act,” Justice Mohta said. The court also asked the Maharashtra government to file reply to a petition filed by some plot owners, challenging a circular issued by the state authority under the RERA which says plot owners are covered under the definition of ‘promoter’ in the act, if they take part in construction and sale of flats. The May 11 order of the Maharashtra Real Estate Regulatory Authority notified that any owner or organisation signing development agreement with a builder will also have to register under the RERA, and will be treated as a co-promoter. This is because such owner/organisation will be getting a share of revenue from the sale of flats, it said. Maharashtra Advocate General Ashutosh Kumbhakoni today told the court that RERA was aimed at regulating construction activity and also the sale of flats to third parties. “If the owner is part of the construction and also sale of flats, then he is a promoter,” Kumbhakoni said. The judges, while asking the government to file reply, noted that they would have to examine the definition of ‘promoter’ under the act.(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

Builders can’t delete uploaded documents: RERA

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Developers will now have to be extra careful when they are uploading any document for registration with the Real Estate Regulatory Authority (RERA). A new order, issued by the authority, states that documents once uploaded by the promoter during registration or project update cannot be deleted. Builders claim that they were told the government will not be stringent initially but now things are changing. The authority has also claimed that if there’s a progress in the project and it hasn’t been updated with the authority, then action shall be taken too.A builder, who is registering his project with RERA, will have to furnish all documents pertaining to the project. This includes an updated list of flats sold, which has to be done quarterly. While a developer isn’t allowed to delete documents already uploaded, he is allowed to upload additional documents.According to Manohar Shroff, vice president, MCHI-CREDAI, Navi Mumbai, the reason behind the low registrations is the number of clarifications that are going up with each passing day. “Builders want to register but then every week there is a new rule. Now the latest rule is that once the documents are uploaded, they cannot be deleted. This will further deter builders from registration of the projects,” said Shroff.On the other hand, builders also claim that the government had assured them that initially it won’t be strict but it seems that was all talk. “If a document once uploaded won’t be deleted, this means a mistake shall prevail for the entire life of the project on public domain. We were expecting the government to give us some relaxation but the rules are getting stricter,” said a developer.AS PER THE ORDER”The promoter should ensure that project details are updated on a regular basis as and when there are updates and at least once in 90 days. The website shall contain a field on project last updated for public view. If it is brought to the notice of MahaRERA, that the data has not been updated for more than 90 days in spite of progress in the project, then necessary action shall be taken by MahaRERA.”

Navy warship INS Betwa undocked after ‘minor’ incident

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Indian Navy’s guided missile frigate INS Betwa, which had tipped over while being undocked at the Naval Dockyard in Mumbai in December last year, has been undocked smoothly, officials said on Thursday.INS Betwa has been undocked smoothly and is currently alongside for her refit work, according to the Navy. The undocking, undertaken on June 27, was preceded by a minor incident, involving the ship’s listing by around 8 degrees, during flooding of the dry dock, an official spokesperson said.”INS Betwa was planned for undocking on June 22, 2017 as part of her ongoing refit. Prior to undocking, all preparations to ensure stability of the ship during undocking had been undertaken and she was provided adequate margin of stability,” the spokesperson said. “During flooding of the dry dock, a list of up to 7-8 degrees was observed, which was promptly corrected. However, the ship could not be undocked due to a leakage in the dock-gate of the dry dock and subsequent unfavourable tide,” he said.
ALSO READ INS Betwa back on even keel, to be made operational by April”The undocking was, thereafter, undertaken on June 27 when the tide was suitable,” the spokesperson said. The accident involving the 4,000 tonne, 126-metre frontline warship on December 5 last year had claimed the lives of two personnel and left 15 injured. An assessment of the damage to the ship showed that the mast had hit the ground on the left. It was suspected that the dock block mechanism had malfunctioned during undocking in the cruiser graving dock of the dockyard. The ship was undergoing a refit.The salvage operation was carried out by specialist firm Resolve Marine Group, which was selected through a tendering process. The operation cost about Rs 20 crore. The INS Betwa is a frigate of the Brahmaputra class, built by Garden Reach Ship Builders of Kolkata and commissioned into service in July 2004.
ALSO READ INS Betwa mishap: Mortal remains of sailor consigned to flamesNamed after the river Betwa, the frigate was indigenously designed and built with the capability to operate at extended ranges, with speeds up to 30 knots. It is one of the Western Naval Command’s key warships, and is armed with Uran anti-ship missiles, Barak 1 surface-to-air missiles and torpedoes. The ship had run aground in January 2014 and had collided with an unidentified object, which caused a crack in its sonar system. It has also suffered salt water ingress into sensitive equipment.

Devendra Fadnavis relays a firm no for extension of RERA registration

<!– /11440465/Dna_Article_Middle_300x250_BTF –>On Tuesday, many builders hit the panic button after a builder body, MCHI’s Navi Mumbai unit, sent out an email informing them about Chief Minister Devendra Fadnavis’s decision to not extend registration under MahaRERA. On June 12, when prominent builder Niranjan Hiranandani asked for the RERA registration date to be pushed at an event, Fadnavis replied in the negative. The snowball effect was seen on Tuesday. An email was shot by MCHI (copy available with DNA), intimating the builders about the CM’s decision to stick to the deadline, and asking them to register as soon as possible. Under the newly implemented MahaRERA all ongoing projects have to be registered with the authority before July 31. However, till date only 47 applications have reached the office and the number of projects registered is way below this number. Builders have demanded for a minimum one month extension. When contacted Hiranandani confirmed the same and said, “We are aware that no extension of time has been given and this was reconfirmed by the CM.” Fadnavis too confirmed the same to DNA. “The CM has told the builders that an extension is not possible, and instead, builders should register at the earliest,” said Manohar Shroff, Vice President, MCHI-Navi Mumbai. The email sent specifically to builders instructs them to register soon, as it takes at least 30 days for the authority to process and provide a registration number.AnalysisMahaRERA has already fined a real estate firm, thus setting an example. With the CM’s firm stand, the builder fraternity has decided to get its act together and register at the earliest.

Realty law will force realtors to deliver on promises: Chouhan

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The new realty law will force builders and developers to deliver on promises they make to flat buyers, Madhya Pradesh Chief Minister Shivraj Singh Chouhan today said. He said Madhya Pradesh was among the first states to constitute the Real Estate Regulatory Authority (RERA) under the law and notify its rules. Chouhan was speaking after dedicating a building that houses the office of state RERA here today. After the new law, which mandates constitution of RERA at the state-level, realtors will have to deliver whatever they promise to consumers, he said. “Builders or developers make several promises during the booking of flat, house or plot but they often don’t keep these promises. They don’t follow rules, which creates problems for consumers. Such practices will stop after the constitution of RERA. Entire transaction would be transparent now,” the chief minister added. Chouhan said RERA would protect consumer rights and ensure a planned development of cities. “RERA would bring clarity and fair practices that would protect the interests of buyers.” In Madhya Pradesh, the RERA Act came into effect from May 1.(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

Istanbul attack: Abis Rizvi was just another victim for Daesh, but not so for society

<!– /11440465/Dna_Article_Middle_300x250_BTF –>This is not about how the New Year was supposed to begin. The attack in Istanbul was just like any other terror attack in the already violent world.My initial reaction to the strike, by an insane man donning the attire of Santa Claus—who blindly fired at people celebrating the arrival of 2017, was of sorrow.It turned into shock when External Affairs Minister Sushma Sawaraj tweeted on Sunday evening that one of the victims was Abis Rizvi, a close relative of mine. The Daesh (Islamic State) has struck our family.We never imagined, not even in the wildest of our dreams, that Daesh, an ideology filled with filth and nothing else, would strike so close. We, the Rizvi family and the community, has always called the violent and the insane group by the name Daesh. It sounds similar to Arabic word Dahes, which means sowers of discord or Daes (one who crushes underfoot)—the very reason why the terrorists hate being called so and all the more reason why we should call it so.It was a shocker more so that (uncle) Abis was young and doing so well in his life. His career in real estate development—heading the Rizvi Builders group—was only soaring.As a film producer, too, he came out with innovative and out of the box projects.His maiden film Roar, a conflict between tiger and man, was a mature idea and was executed with impressive VFX effects done by Hollywood technicians.The two projects in the pipeline were Puneet Issar-directed He Man, on a father-son relationship, and T for Tajmahal, a film based on education, with Raveena Tandon playing a cameo.At 49, he was a philanthropist like his father Dr Akhtar Hasan Rizvi, a former Rajya Sabha MP, who believes in promoting education.Abis was involved in charity and was firm in his belief that while donating money or helping out, it should be done discreetly. The adage in Hindi that translates into “your left hand shouldn’t know what your right hand is doing,” was his guiding principle.A patriot to the core, Abis ran a Voting Awareness Campaign—stressing on the importance of exercising the franchise—among youth at the Rizvi Education Society in Mumbai before the 2014 general elections.He furthered the Rizvi tradition of being sports enthusiasts with gusto. Ask anyone in the Mumbai maidans and they will tell you how much he was involved in promoting cricket at the grassroots level. That Rizvi Springfield and Rizvi College are the top sides in school and college cricket stand testimony to his efforts.And it wasn’t cricket alone. He donated an electronic scoreboard to Mumbai Hockey Association Ltd Stadium. The association officials were struggling to get one and Abis didn’t had to think twice before signing a cheque.For all these reasons, Abis’ passing away is mourned by the society as well.As for Daesh and its backers, they have always been the enemy of the mankind. Our hatred for the group has only grown stronger.That Daesh hasn’t entered India, the credit goes to the government and its agencies. As far as dealing with the terror outfit is concerned, it is their ideology that needs to be crushed and for that the whole world has to come together and fight it.One last thing, I would like to thank Sushmaji for arranging visas for Abis’s parents, so that they could bring his body back. Something we will be indebted for.As for Abis Rizvi, you were gem of a person. It will be impossible to erase the memories of a person whose smile was as infectious as his congeniality. RIP, Abis.

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