New building bye-laws for Delhi to ease approvals, documentation

The real estate sector is rejoicing as real estate and construction projects in Delhi will now get government approvals within 30 days, said Earth Infrastructures Ltd, a leading real estate developer of Delhi NCR.
The approvals will happen through an integrated online single window approval process under the revised building bye-laws for the city. The new 2016 bye-laws also integrate environmental clearances with the building sanctioning process, reduce the number of documents for building permits and completion and occupancy certificates and provide for green buildings.
“The government has now eased the building approval process. There will be just one common single application form for online submission by the building applicants and single payment to the concerned urban local body electronically. Much to the relief of the industry, obtaining permission for commencement of construction has also been removed,” said Earth Infrastructures Ltd. 

Buildings are now categorized based on risk - low risk with 105-500 sq mt built up area and very low risk god owns of up to 250 sq mt. Local bodies will be required to grant permits within 10 to 20 days.

Building with built up area between 20,000 and 150,000 sq mt will now be able to get environmental clearance from urban local bodies. Residential plots of size up to 105 sq mt are not required to obtain sanction of building plans.

There has also been a deduction in the number of documents to be submitted for obtaining building permits. They have been reduced from 40 to 14 and for obtaining completion-cum-occupancy certificate from 36 to 9.

The Unified Building Bye-laws for Delhi -2016 has mandated all buildings on plot sizes of more than 105 sq mt to conform to the mandatory green building norms. These will include water conservation and management, solar energy utilization, energy efficiency and management for obtaining sanctions. “The measures will help Delhi become greener, sustainable and eco-friendly,” added Earth Infrastructures Ltd.
Unified Building Bye-laws for Delhi was revised after 33 years. The previous byelaws, which were notified by Delhi Development Authority (DDA) in 1983, had been amended many times, with last amendments made in 2009. The new revised byelaws have been notified by DDA and will be applicable on the areas under DDA's jurisdiction.

Greater Noida set to go green, will boost infrastructure, says Earth Infrastructures Ltd,

Its good news for Greater Noida as the city is gearing up to go greener. Greater Noida Industrial Development Authority is expected to implement the environment management plan (EMP), a comprehensive environment-friendly land-use strategy to protect the environs, and increase the ground coverage of recreational green areas in the city. Earth Infrastructures Ltd, a leading real estate company of Delhi NCR, said that the announcement has made the realty sector cheerful as people are now moving towards greener places to reside and to invest, making Greater Noida a profitable future investment.

On Tuesday, GNIDA issued a public notice for incorporating the revisions in its Master Plan-2021. It has invited suggestions and objections within 15 days.
The EMP has been approved only recently. “EMP will boost green spaces, recreational green playgrounds, and better streets and enhanced cultural participation. It will offer an inclusive plan for land use that takes into account the development of the city for over the following two decades,” said the official spokesperson of Earth Infrastructures Ltd. 

Apart from the green plan, GNIDA also proposes to revise its building bylaws to enhance it’s per person per hectare density of the planned population of the city. The proposal is to allow an increase in ground coverage in recreational green category of land in the city.

PC Gupta, additional CEO of GNID, said after the approval from all stakeholders, they will allow ground coverage of 25% instead of the earlier 20% in projects coming up in recreational green areas of Greater Noida. "Considering we have earlier allowed a 0.5 enhancement in floor area ratio (FAR) along the Metro corridors to give realty a boost, there is a corresponding need to increase the ground coverage, which is what we have now revised," he added.

Another amendment in the Master Plan envisages allowing abadi plots for farmers in land parcels other than those designated for residential use. "Following directions of the Supreme Court, GNIDA is supposed to distribute enhanced compensation of 64.7% for land acquired and 10% developed plots in lieu of abadi land to farmers," said Gupta.

Earth Infrastructures Ltd’ concerns towards Stamp Duty hike

Rumours take a toll over the city every now and then and sometimes the Nation & some specific region, and spread like a forest fire in no time. Eventually, people start panicking about the future, keeping the rumours’ probability in mind. Something of this sort recently happened in real estate industry and the district administration has to intervene and assured the interested home buyers that registries’ stamp duty would not hike with the opening of new financial Year.

The whole real estate industry in Delhi, NCR was in turmoil before the concerned authorities officially stepped in. It became a talk of the town that the stamp duty will supposedly increase from 5% to 7%, April 1, 2016, onward. The officials of the administration also mentioned if stamp duty would ever get increased in future, it will only happen after a notification.

Although the stamp duty has been increased by 2% in Noida and Greater Noida region, after the UP cabinet approved this hiking in stamp duty. The city based land developer, Earth Infrastructures Ltd have shown its concerns towards the burden that home buyers will have to bear, which is the direct hike of Rs 1-2 lakh on him/her. Earth Infrastructures Ltd also mentioned that the revenue department might earn additional Rs 100 crores due to this hike.

Other city-based developers are predicting that this hike in stamp duty will definitely affect the real estate negatively in GB Nagar. The additional District Magistrate, Rajesh Yadav clarified in a press release that the administration has not received any notification or communication regarding stamp duty hike in Gautam buddha Nagar. Therefore, Yadav assured that there is no need to panic. If any change takes place in registration, it will be communicated to all in time.

Home buyers, on the other hand, are in a rush to get the registration of their properties done as soon as possible. Looking at the chaos, some government officials are advising the home buyers and developers, to take the help of constitution, especially The Registration Act, 1908.

Earth Infrastructure conferred ‘The World’s Greatest Brands & Leaders 2015 – Asia & GCC’ Award

Earth Infrastructures , a prominent name in the real estate sector bagged the World's Greatest Brands & Leaders 2015- Asia and GCC’ Award in the Real estate category.  It is yet another benchmark of success established by the company. ‘The World’sGreatest Brands & Leaders 2015 – Asia & GCC’ Award is regarded as the biggest multi-industry research-based project. It has acknowledged the company’s overall excellence and recognized it as one of the most renowned brands across Asia.

The event was organized by the Indo-UAE Business Summit 2015, in association with IBPC-Dubai -India Business. It was a two-day summit held at Jumeirah Emirates Tower Hotel Dubai UAE in December 2015 which felicitated 150 Brands from across 16 industries & 12 countries of Asia & Arabia, and 100 Leaders from Business.

The nomination and selection process was based on the research results provided by United Research Services. The entire process was reviewed by PricewaterhouseCoopers and the winners were chosen by consumers and industry experts. The leaders and brands which got selected will be featured in Print, Portal and Broadcast formats across Asia.Various renowned brands like Tata Tiscon, LIC, Bajaj Allianz, UAE Exchange, JK Cement, Airtel, Taj Hotels, ICICI Bank, Infosys, ITC, Jindal Steel & Power, ISB Hyderabad, and Emirates Airlines were nominated along with Earth Infrastructure ltd.

On being nominated and receiving the acceptance letter, the official spokesperson for Earth Infrastructures ltd said, “It is a great moment of pride for the company to be nominated for ‘World's Greatest Brands & Leaders 2015- Asia and GCC’ Award. The nomination has been earned after years of dedication and commitment to deliver consumers with nothing but the best in terms of quality and comfort.”

The world's Greatest Brands 2015 Asia and GCC Award in the ‪‎Real Estate‬ category

Earth Infrastructures Ltd, Earth Infrastructures Ltd, a chief land designer in India, has launch itself to join the group of perceived huge brands crosswise over Asia. Earth Infrastructure has been designated for a standout amongst the most prestigious honors " 

The World's Greatest Brands and Leaders 2015 – Asia and GCC'. The designations and victors for these honors are picked by customers and industry specialists. The occasion is being sorted out by the Indo-UAE Business Summit 2015, in relationship with IBPC-Dubai - India Business in the month of December 2015 at Jumeirah Emirates Tower Hotel Dubai UAE. 

Earth Infrastructures has been named after the examination results gave by United Research Services. The whole process is being checked on by PricewaterhouseCoopers P.L. Earth Infrastructures has officially gotten the acknowledgment for the same

‘Approval of Real Estate Bill offers a ray of hope to the stagnant Real estate sector’: Earth Infrastructure

The approval of the Real Estate (Regulation and Development) Bill, 2015 by the Union Cabinet will boost sales in the real estate sector. Earth Infrastructure ltd, a prominent name in the realty industry states that it will prove to be a great move for realty sector and result in the increase in sales and clearance of unsold inventories of realty developers.  The Bill focuses on ensuring timely execution of projects which is a great measure to safeguard the interest of consumers.  It will further increase the demand in stagnant realty market.

Reflection upon the current scenario in real estate sector, the official spokesperson of Earth infrastructure said that, “There have been several cases of procedural delays and projects failing to meet deadlines. The National Capital Region (NCR) has a number of unsold, delayed & slowed down projects due to certain economic factors and stagnancy in the realty market. “

Ramesh Nair, COO & International Director, JLL India says, “The aggregate of residential unit sale in Mumbai in previous four quarters has jumped up 28% when compared to the corresponding period one year ago.”

According to Surajit Chanda, regional head, Sobha Ltd. (Pune), sales velocity has slowed down in the city. “The market is going through stress. And buyers are taking more time to buy. Primary demand is between 30-70 lakh segment all across the country. In the premium segment, say 1 cr and above, there is certain movement, but not as is expected,” lamented Chanda. He further added that,” Developers have over leveraged themselves. They picked up more than they can chew.”