DDA issues notification to enable private land development
The Delhi Development Authority (DDA) on Thursday issued a notification to enable planned development of private land in Delhi, official sources said.
 
The policy to enable the planned development of privately owned land in Delhi was approved by the DDA in December last year and the same was circulated to all urban local bodies and other government agencies. 
 
The policy will be applicable to private land pockets left out of planned development, and which could not be acquired, land pockets for which acquisition proceedings were quashed by courts, or where acquisition lapsed as per Sub-Section 2 and Section 24 of the new land acquisition law.
 
"This policy shall not be applicable to areas falling in Zone O, covered under water bodies, land pockets falling under ridge, regional park, reserved forest areas, monument regulated zones, lal dora/extended lal dora, disputed land and land parcels already eligible for land pooling," said a release issued by the Housing and Urban Affairs Ministry.
 
"Development on the privately owned land shall be in consonance with the land use as notified in prevailing Master Plan Delhi/Zonal Development Plan (MPD/ZDP) or land use/use premises mentioned in already approval layout plans/schemes, if any or as specified in these regulations."
 
As per the other salient features, "privately owned lands with pre-MPD 1962 activities/use can choose to continue with the same activity/use provided that all provisions specified in the regulations are met".
 
"On above land with pre-MPD-1962 activities, the landowner can also opt to develop as per the use specified in the prevailing MPD/ZDP/approved layout plan subject to payment of requisite charges," reads the release.
 
"As per policy, a Grievance Redressal Mechanism to address all grievances/disputes that may arise during the implementation of the policy shall be set up."
 
Earlier as per MPD-1962, the process of planned development was based on large-scale acquisition and development of land. 
 
It was envisaged as a public sector-led process with very little private participation in terms of development of both shelter and infrastructure services. The same planning process was substantially reiterated in the Master Plan for Delhi 2001 (MPD-2001), as per the release.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

Deposit Rs 600 cr to refund home buyers, SC tells Jaiprakash Associates
With Jaiprakash Associates Ltd (JAL) failing to deposit Rs 1,000 crore, the Supreme Court on Wednesday asked the real estate firm to pay Rs 600 crore to pay back to the home buyers who have opted for a refund.
 
A bench of Chief Justice Dipak Misra, Justice A.M. Khanwilkar and Justice D.Y. Chandrachud asked senior advocate F.S. Nariman, appearing for JAL, to take instruction from the company on depositing Rs 600 crore, instead of RS 1,000 crore, with top court's registry.
 
The bench said that after the amount is deposited by the JAL, it would ask the National Company Law Tribunal (NCLT) bench at Allahabad to expeditiously decide the company's plea on revival or restructuring of Jaypee Infratech Ltd (JIL), a subsidiary of holding company Jaiprakash Associates Limited.
 
The bench on May 16 had asked JAL to deposit Rs 1,000 crore, in addition to Rs 750 crore already deposited, with its registry by June 15, to refund the principal amount to the hassled home buyers and that on submitting the amount, the liquidation proceedings against JIL would remain stayed.
 
However, failure to deposit the amount would result in the start of insolvency proceedings against JIL, the bench had said. 
 
On Wednesday, the court was informed that Rs 1,000 could not be deposited. Rs 750 crore has already been deposited with the top court and another Rs 600 crore would be required to pay the principal amount to home buyers, the court was told.
 
To this, the bench asked the JAL to "establish its bonafide by paying the money", and directed it to inform by July 13, the next date of hearing, about the company's stand on depositing Rs 600 crore with it.
 
JAL had sought, in apex court, a direction for restraining the NCLT bench at Allahabad from proceeding further with the insolvency proceedings.
 
Earlier, the bench had sought from JAL details of its housing projects in the country and said that the home buyers should either get their houses or their money back.
 
The court was hearing the pleas of home buyers contending that around 32,000 people had booked flats and were paying instalments, but were not left in the lurch after the NCLT, on August 10, 2017, admitted the IDBI Bank's plea to initiate insolvency proceedings against the debt-ridden company for allegedly defaulting on a Rs 526-crore loan.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

SC rules in favour of Delhi government, clips LG's role
A Supreme Court Constitution Bench on Wednesday unanimously ruled in favour of the Arvind Kejriwal government saying that the real powers of governance of Delhi rests with the elected representatives.
 
The apex court said the Lieutenant Governor (LG) was bound by the aid and advice of the Council of Minister in all the areas except land, police and law and order.
 
Speaking for Justice A.K. Sikri and Justice A.M. Khanwilkar, Chief Justice Dipak Misra said that the LG was not vested with any independent decision-making powers and cannot act in a mechanical manner.
 
It further ruled that in case of difference of opinion with the Council of Ministers, the LG has to refer the matter to the President, whose decision then would be binding.
 
The court further stated that the decisions of the Council of Ministers has to be communicated to the LG but that does not mean that the Council of Ministers requires his concurrence.
 
The court said that the provision that the LG can refer "any matter" under Article 239 to the President does not mean every matter.
 
Chief Justice Misra said that the executive powers of the Delhi government were co-extensive with its legislative powers.
 
The top court further said that Delhi can legislate on any issue that falls in the State list or the Concurrent list except for three areas of land, police, law and order.
 
Justice D.Y. Chandrachud and Justice Ashok Bhushan pronounced seperate but concurring judgements.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

User

COMMENTS

Silloo Marker

3 months ago

It is a very fair judgement. Yet, the AAP government in Delhi is facing problems in the implementation of this decision. Does the victimised party again have to approach the courts? There is no end to the pettiness of the Central Government to which the bureaucrats bow down. They now seem to have found some loophole to still refuse to comply with the Chief Minister's orders.

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

online financial advisory
Pathbreakers
Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
online financia advisory
The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Online Magazine
Fiercely independent and pro-consumer information on personal finance
financial magazines online
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
financial magazines in india
MAS: Complete Online Financial Advisory
(Includes Moneylife Online Magazine)