#RealtyNewsRoundup: Centre Moves To Okay Illegal Colonies In New Delhi

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

Paving the way for regularisation of hundreds of unauthorised colonies, the central government has finally proposed to make such habitations eligible for getting all the approvals for civic facilities, provided they adhere to the criteria of built up area of at least 50 per cent by January 2015. This norm will apply to all unauthorised colonies, including the contentious affluent ones such as Sainik Farms, Ananthram Dairy and Mahendru Enclave that have come up till January last year. Read more

To ease traffic congestion in the national capital, the Cabinet is likely to give its nod to widening of the crucial UP Gate to Dasna stretch of the Rs 7,566-crore Delhi-Meerut Expressway in a fortnight. The widening of 19.28 km stretch will reduce the distance between the national capital and Meerut to 40-45 minutes from 3 hours at present. Read more

Ajmera Realty plans to develop 10,000 affordable homes in the next 10 years in the Mumbai Metropolitan Region. This is part of the commitment made under the Memorandum of Understanding signed by the developers' association and the Maharashtra government for developing one lakh affordable houses. The company will focus on areas like Kalyan, Ulhasnagar and Khardi and have projects starting at just Rs 10 lakh. Read more

Faced with complaints by residents of its housing society on social media, realty firm Amrapali said its projects have been delayed due to lack of funds and slowdown in property market but the company had now speeded up all its projects. The complaints from the residents of Amrapali's Saphhire project in Noida had gone viral on Twitter over the past few days after they tagged Indian cricket team captain MS Dhoni in their tweets asking the cricketer to dis-associate himself from the builder or force the company to ensure completion of pending work. Dhoni, who is the company's brand ambassador, said that he would take up the matter with the builder. Read more