#RealtyNewsRoundup: Haryana Told To Stop Realty Projects In Aravallis To Save Water
Realty News Roundup is PropGuide's selection of top stories from the real estate sector.
Water scarcity has put many real estate projects in the Aravallis in a limbo. The Union Water Resources Ministry has asked Haryana to make the Bhood area a no-construction zone, as it is an important groundwater recharge zone of the national capital region. This area in the foothills of Aravalli hills covers districts of Gurgaon, Faridabad, Mewat, Rewari and Mahendragarh. Read more
As many as 2,508 cities in 26 states have been selected under the Pradhan Mantri Awas Yojana for providing affordable houses to the urban poor. According to Urban Development Minister M Venkaiah Naidu, the houses under the scheme would be designed and constructed to meet the requirements of structural safety against earthquakes, flood, cyclone, landslide. Read more
In the backdrop of the impending Supreme Court decision on land acquisition, the Noida Authority has directed developers of various projects in Sector 107 to formulate an exit plan for buyers who had invested in the 5,000 apartments in the sector. The chairman of the Noida Authority directed the developers to submit a plan before May 25. Read more
If you stay in Mumbai and are planning to five a renovate your house, there is some good news for you. As part of the Ease of Doing Business policy, flat owners will no longer have to approach the Brihanmumbai Municipal Corporation (BMC) for permission to change the layout of their houses. This means you can reduce the size of your bedroom or expand the hall, provided you don't touch the load-bearing walls or pillars. Stating this, Municipal Commissioner Ajoy Mehta said only bathroom and kitchen areas could not be shifted inside a flat, as it might cause leakages in the neighbouring apartments. Read more