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#RealtyNewsRoundup: NGT Notice To Govt For Tweaking Building Norms [Video]

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

The National Green Tribunal (NGT) recently issued notices to the Ministry of Environment, Forest and Climate Change and the Ministry of Urban Development for dilution of laws for buildings and constructions. In an order in December last year, the government had amended the provisions of the Environment Impact Assessment notification of 2006, as a result of which the construction sector fell out of the purview of environmental laws.

The Karnataka government has decided to develop Waqf properties that are not under dispute for commercial purposes. With the rising real estate prices, the state government has decided to develop Gulisthan Shaadi Mahal at Shivajinagar, a Wakf property on Siddaiah Road at Shantinagar, and a plot at Mavanahalli in the heart of Bengaluru

The Greater Hyderabad Municipal Corporation will use satellite images to identify illegal constructions in the city. The National Remote Sensing Centre is developing an app exclusively for the civic body to locate unauthorised structures.

Real estate developer XRBIA Developers is foraying into the UK market. To be built at an estimated cost of Rs 100 crore, the company is launching its project on the outskirts of northeast London, along with a local developer. Founded in 2012, the Mumbai-based company focuses on affordable housing, and has 30 million sq ft of projects under its belt.

Source: Media reports

Tags: Mumbai, Video, Bengaluru, National Green Tribunal, propguide, Greater Hyderabad Municipal Corporation, Gulisthan Shaadi Mahal in Shivajinagar, Siddaiah Road in Shantinagar, Mavanahalli, XRBIA Developers


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