#RealtyNewsRoundup: Haryana Passes Gurgaon Metropolitan Development Authority Ordinance

The Haryana Cabinet has approved the Gurugram Metropolitan Development Authority (GMDA) Ordinance, 2017. The chief minister will be the chairperson of the authority. There will be a residents' advisory council to advise the GMDA that will be consisted of a chief executive officer, who will preside over its meeting, and other members.

Meanwhile, the Haryana government has decided to conduct aerial surveys using drones to keep a check on encroachment and illegal construction on government properties. This was decided at a meeting of the Urban Local Bodies Department. Initially, such survey would be conducted in Karnal, Gurugram and Faridabad districts as a pilot basis.

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Following in the footsteps of its counterpart in Noida, the Greater Noida Industrial Development Authority (GNIDA) is considering outsourcing the tracking and monitoring of the ongoing and incomplete residential projects in the area to private agency Ernst & Young. The agency is already handling projects like solid waste management and street vending policy for the GNIDA for the past one year.

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State-run National Building Construction Corp is going to e-auction 11 commercial towers at South Delhi to raise Rs 12,000 crore. This will to kick-start the process of government's ambitious land monetisation plan.

Source: Media reports