Supreme Court refuses to hear real estate firm's plea against National Green Tribunal's order
Jun 14, 2014
Source : The Times of India

 

DELHI: The Supreme Court on Tuesday refused to entertain a plea of real estate firm Jaypee Infratech seeking a direction to Noida Authority to grant completion certificate to its projects which fall within 10km radius of a bird sanctuary.

A bench of justices J S Kehar and C Naggapan said, "Let the central government take a decision on this issue" and dismissed the plea of the firm which was filed against interim orders of the National Green Tribunal (NGT)."

Senior advocate A M Singhvi, appearing for the firm, said around 4,000 flats are ready for hand over and a great humanitarian problem will arise if completion certificates are not issued by Noida Authority as it will lead to denial of possession to homes buyers who have almost paid 95 per cent of sale consideration.

The NGT, on October 28, 2013, had issued interim direction saying "all the building constructions made within 10 km radius of the Okhla Bird Sanctuary or within distance of eco-sensitive zone as may be prescribed by the notification issued by the MoEF shall be subject to the decision of the National Board of Wild Life (NBWL) and till the time the clearance of NBWL is obtained, the authority concerned shall not issue completion certificates to projects."

Later, the tribunal did not entertain a review plea seeking modification of the earlier impugned order.

The real estate firm said the NGT relied on a Supreme Court order and "completely misread the order" to mean that the apex court had "enforced/implemented the 10 KM eco- sensitive zone".

The NGT order restrained the authorities from issuing completion certificates for the buildings, constructed within 10 km from the boundary of bird sanctuary, as they fell under the eco-sensitive zone, it said.

The orders adversely affected projects, which were started in 2008, after the grant of environment clearance (EC) by the ministry of environment and forests in 2007.

The firm is developing an integrated township in Noida spread over 1072 acres and it comprises flats, apartments, plots, houses, schools, recreational, commercial and medical facilities, the plea said.

Latest Realty News

Infrastructure growth driving Mumbai’s realty
Jun 14, 2014
MUMBAI: Infrastructure is one of the deciding elements for finalising a property. A location that has good infrastructure development, commands high property rates and has good growth prospects and vice-versa. Shailesh Puranik, managing director, Puranik Builders, explains that “Buyers generally look out for basic infrastructure such as good and widened roads, easy connectivity to railway stations, airports, arterial roads, adequate supply of water and electricity, enough open spaces, and others
Double taxation for Eastern Metropolitan Bypass land in Kolkata
Jun 14, 2014
KOLKATA: Constructing a house in areas off the Eastern Metropolitan Bypass is set to pinch you more. Apart from paying the building sanction fee to the Kolkata Municipal Corporation (KMC), you will now have to pay a development fee to the Kolkata Metropolitan Development Authority (KMDA).
Pune’s real estate market is balancing both worlds
Jun 14, 2014
PUNE: Witnessing a surge in residential and commercial spaces, Pune real estate market has been expanding its horizons.
Hyderabad: Churning the wheels of growth
Jun 14, 2014
HYDERABAD: A few days ago when Hyderabad city had a black out for few hours, the segment which suffered the most were the manufacturing units, which are totally dependent on power supply. Land, power and water are the three vital factors for an industrial area. Due to its huge tracks of land and scope of expansion, Hyderabad is one of the suitable options for setting up manufacturing business. However, from past few years the heavy industries are seen settling down more in Maharashtra, Chennai o
Chit Fund Victims Await CGAI Nod
Jun 13, 2014
BHUBANESWAR: While the West Bengal Government has made substantial progress in distributing compensation to chit fund victims, the duped investors of Odisha are not as lucky.
Greater Rourkela Plan on Right Path
Jun 13, 2014
ROURKELA: The proposals for comprehensive development plan (CDP) for creation of Greater Rourkela, integrated sewerage and drainage systems are heading in the right direction, which were conceptualised by BJD leader Sarada Prasad Nayak despite his defeat in the recently concluded general elections.
Crisil enters into Rajkot' real estate sector
Jun 09, 2014
RAJKOT: Credit rating firm Crisil has entered into Rajkot's real estate sector and rated one real project in the city with giving 5 stars. Crisil has rated real estate projects across various cities in India including Bengaluru, Chennai, Coimbatore, Hyderabad, Kochi, Kolkata, Mumbai, Pune, Trivandrum, and Visakhapatnam. In Gujarat, it rates real estate projects in Ahmedabad and Baroda.
Zooming in on Kharadi in Pune
Jun 09, 2014
PUNE: The residential property market has altered Pune’s landscape and changed the city’s dynamics.
Pune’s realty market is within your reach
Jun 08, 2014
PUNE: The definition of an affordable property varies across the country and changes from city to city. An affodable housing segment of Mumbai may possibly fit into the premium segment of Tier II cities. Pune’s realty market is very dynamic and it offers space for all the segments, but the locality is different for each property class.
Delhi eyes rooftop solar power
Jun 07, 2014
DELHI: Delhi is trying to draw a few lessons from the Prime Minister’s Gujarat model. Gandhinagar’s rent-a-roof project may help Delhi supplement the power supply in the capital with solar energy. If the model is replicated in Delhi, according to official sources, it has the potential to deliver 50-100 MW. This was discussed by the capital’s top bureaucrats with their Gujarat counterparts on June 5.

Latest Realty News Of State

Realty Talk's