Landmark judgement upholds homebuyer’s status as financial creditors to developers
RERA & IBC sister acts, says SC Team TT Dismissing the plea of over 200 real estate companies holding the Insolvency and Bankruptcy Code (IBC) illegal and unconstitutional, a Supreme Court bench headed by Justice RF Nariman upheld the right of homebuyers for redressal under the new Code. In effect homebuyers will be considered financial creditors to the real estate companies and can take recourse to the IBC against defaulting developers. The Bench in its judgement on August 9, held that the RERA Act, which regulates the real estate sector,…
Hyderabadis use WiFi the most in India
Students in Hyderabad spend the most time on WiFi putting the city of the Nizam’s at the top of the list of cities spending the highest percentage of time connected to WiFi. Considered among the top university cities of the country, users in the Hyderabad spent a quarter of their time online using WiFi networks, according to Opensignal, a mobile analytics company that measures usage of mobile networks on various parameters. This puts Hyderabad ahead of Mumbai and Bangalore in the usage of WiFi notwithstanding the lower proliferation of WiFi in…
Dry days ahead?
Latest data from the Telangana Ground Water Department portends a dire situation for the state with ground water levels depleting more than ever Tarnaka Times, Hyderabad Notwithstanding the onset of monsoons in the state, albeit several days late, the rains do not auger well for denizens in Telangana. Rather, if latest studies by the Ground Water Department, are anything to go by, dry days will be the order of the day with acute water shortages foretold for the state in the coming days and months. Telangana ended the Water Year 2018-19 (June t…
Hyderabad to be zero water table city by 2020, Groundwater use beats recharge by 140-600%
Hyderabadis are sucking dry Mother Earth faster than the Rain Gods are able to quench her thirst. So much so, they are using up water at a rate that is 600% to 140% of the annual recharge rate of the water table in the city, the Hindu newspaper reported quoting government scientists. “The groundwater table in Hyderabad and Telangana is going down rapidly as the extraction rate is high. On an average, Hyderabad is drawing 340% of the annual recharge volume,” the newspaper quoted Pandith Madhnure, Director of the Telangana Groundwater Department…
Punjab & Haryana High Court orders all registered RWAs to comply with RTI norms
The order makes it mandatory for all RWAs, to appoint a Public Information Officer (PIO), responsible for communication coordination and a first appellate authority designated to hear appeals. By S Sreedhar In a significant precedent-setting judgment that could have far reaching implications for RWAs, the Punjab and Haryana High Court has ruled that all societies registered under the Haryana Regulation and Registration of Societies Act (HRRS), 2012, have to become fully compliant with the provisions of the Right to Information (RTI) Act, 2005…
Residents protest removal of hanging planters in Ghaziabad
Resident associations have strongly protested the removal of up to 1000 hanging baskets in the Ghaziabad area which they say were not only beautifying the area but also effectively controlling pollutions. Chairman RWA Federation Col.T.P. Tyagi said that for the past 20 years, crores of rupees were spent on plantation of lakhs of trees in the area. And as part of this drive the hanging baskets that were set up were meant not only for beautification but also to fight pollution. Shri Mukeh Agarwal Federation Secretary said hanging baskets can be …
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