The Hanoi Department of Natural Resources and Environment has proposedthat the municipal People's Committee revoke nearly 948ha of land from12 institutions for violating land-use regulations.
Department director Nguyen Trong Dong said inspections found that theproject investors and organisations had failed to abide by relevantrules, particularly those related to timely implementation.
They key reasons cited for delayed projects include waiting forrevised plans after the capital city's administrative boundary wasexpanded and lack of financial capital for implementing several projectsas a result of the frozen real estate market, he said.
In order to use public land more effectively, the municipal People'sCommittee has asked investors and relevant agencies to exercise greatercare and be more strict in inspecting and handling land law violations.
In 2012, the city confiscated more than 8 millionsq.m of land, according to official figures. The Committee said landthat is revoked because of violations should be used for construction ofpublic projects like schools.
With a view toimproving the management of the real estate sector, the Ministry ofConstruction on July 31 issued Circular N°11/2013/TT-BXD prescribing thereporting regime on implementation of investment in construction andcommercial operation of real estate projects.
Accordingly, from October 1, real estate projects' investors have toregularly report on the progress of their projects to enable authoritiesto improve oversight of the sector.
Four mainaspects which need to be reported by investors include basic informationabout the projects; implementation progress of projects (groundclearance, construction); commercial operation of projects (capitalmobilization, sale or lease of houses, land lease, land use righttransfer); and project completion procedures.
Besides, the construction departments are required to update theMinistry of Construction on a quarterly and annual basis on local realestate projects, land acquisition and clearance and real estatetransactions.-VNA
Department director Nguyen Trong Dong said inspections found that theproject investors and organisations had failed to abide by relevantrules, particularly those related to timely implementation.
They key reasons cited for delayed projects include waiting forrevised plans after the capital city's administrative boundary wasexpanded and lack of financial capital for implementing several projectsas a result of the frozen real estate market, he said.
In order to use public land more effectively, the municipal People'sCommittee has asked investors and relevant agencies to exercise greatercare and be more strict in inspecting and handling land law violations.
In 2012, the city confiscated more than 8 millionsq.m of land, according to official figures. The Committee said landthat is revoked because of violations should be used for construction ofpublic projects like schools.
With a view toimproving the management of the real estate sector, the Ministry ofConstruction on July 31 issued Circular N°11/2013/TT-BXD prescribing thereporting regime on implementation of investment in construction andcommercial operation of real estate projects.
Accordingly, from October 1, real estate projects' investors have toregularly report on the progress of their projects to enable authoritiesto improve oversight of the sector.
Four mainaspects which need to be reported by investors include basic informationabout the projects; implementation progress of projects (groundclearance, construction); commercial operation of projects (capitalmobilization, sale or lease of houses, land lease, land use righttransfer); and project completion procedures.
Besides, the construction departments are required to update theMinistry of Construction on a quarterly and annual basis on local realestate projects, land acquisition and clearance and real estatetransactions.-VNA
