#RealtyNewsRoundup: LG Lifts Ban on Construction In Delhi
Realty News Roundup is PropGuide’s selection of the day’s top stories from the real estate sector.
Weeks after the Delhi government imposed restrictions owing to high pollution levels, Lieutenant Governor Najeeb Jung has lifted the ban on construction in the national capital. It has to be noted that the city's air quality has shown no signs of improvement during the period in which construction activities were banned. The Lt Governor has, however, extended the no-entry hours for trucks coming into the national capital till January next year. This would mean trucks cannot enter the city till midnight.
The Uttar Pradesh government has allowed payment of land registry fee with the demonetised Rs 500 and Rs 1,000 currency notes till November 24. At present, the highest registration fee payable, depending on the size of the land or house being purchased in the state, is Rs 20,000.
The Maharashtra government has rolled out its new transfer of development rights policy for Mumbai, where additional construction rights will be given to developers, depending on the width of roads along project sites. The state urban development secretary has said the policy has been officially notified.
The Andhra Pradesh government's plans to turn the temple town of Tirupati into a greater civic body has made headway as the decision to implement land pooling scheme (LPS) in areas that fall under the Tirupati Urban Development Authority (TUDA) have been acquired. The state government has also issued orders to implement a land pooling scheme in the Vizag Urban Authority.