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Trade watchdog rejects complaints against Ambience

Trade watchdog rejects complaints against Ambience
Allegations of anti-competitive practices against realty firm Ambience and the Haryana government on the development of a residential project in the city have been rejected by fair trade watchdog. The Competition Commission of India disposed of all three complaints against Ambience and the government filed by Moran Plantation, Mili Marketing and Parasramka Holdings, in an [...] Continue Reading »

HCC’s dues of Rs 5,000 cr stuck in litigation

HCC’s dues of Rs 5,000 cr stuck in litigation
Hindustan Construction Company’s dues of Rs. 5, 000 crore, mainly with various government agencies, continue to be stuck in litigation, although a year has passed. Praveen Sood, group chief financial officer, HCC,told sources ,out of the dues of R5,000 crore, R1,000 crore is being battled out in courts for settlement while the remaining R4,000 crore [...] Continue Reading »

‘Difficult to give flawless property papers’

‘Difficult to give flawless property papers’
Only if land grab bids and ‘double documents’ were enough to trouble the property owners/buyers, the state registration department shocked the Madras high court by saying a controversial statement that it is difficult to issue encumbrance certificates without any fault. An encumbrance certificate (EC) is the basic document which reveals the current status of an [...] Continue Reading »

Hiranandani files suit in Bombay HC against daughter

Hiranandani files suit in Bombay HC against daughter
Leading real estate businessman Niranjan Hiranandani of the Hiranandani group has filed a suit in the Bombay High Court seeking to restrain his married daughter Priya Hiranandani Vandrevala from using the name ‘Hiranandani’ in her business. The suit has been filed by Niranjan, his brother Surendra and their company Hiranandani Constructions Private Ltd (HCPL). They have sought [...] Continue Reading »

HC amends property ownership rights of Hindu widows

HC amends property ownership rights of Hindu widows
Chandigarh: The Punjab and Haryana High Court has stated that, under the Hindu Succession Act, 1956, for a Hindu widow to get the complete ownership rights of a property belonging to her husband, she need not have to be in actual physical possession of the property. The judgement was given by a division bench comprising [...] Continue Reading »

Court restricts RWAs from levying maintenance charges on DDA flats

Court restricts RWAs from levying maintenance charges on DDA flats
New Delhi- A Delhi court has made it clear that residents welfare associations (RWAs) managing affairs in colonies built by Delhi Development Authority have no right to impose maintenance charges from residents of those colonies. The court gave this decision during the judgement of a case, wherein a resident of DDA colony had refused to [...] Continue Reading »

BMC new property tax bill challenged

BMC new property tax bill challenged
The new property tax system proposed by Brihanmumbai Municipal Corporation (BMC) has been challenged by a PIL in the Bombay High Court recently. The new property tax bill will be applicable from April 1, 2013 but has been caught amidsr many controversies. An activist named Rajendra Thacker has filed the PIL which states that the [...] Continue Reading »

Mumbai residents not happy with new property tax system

Mumbai residents not happy with new property tax system
Unconvinced with the new way of calculating property tax, citizens in Mumbai are planning to move to Bombay High Court regarding the same. The new method is based on  the capital value-based system. The major concern of the residents lies with the ground realities which affects a property’s price, are not taken into consideration in [...] Continue Reading »

Buyers want the UP Apartment’s Act implemented

Buyers want the UP Apartment’s Act implemented
Noida- The Greater Noida West (Noida Extension) home buyers are demanding the Greater Noida Authority and developers for the instant implementation of the UP Apartments Act. A homebuyer’s group called Noida Extension Flat Owners and Members Association (NEFOMA) made this demand due to the repeated cancellation of bookings and complaints about the arbitrary changes in projects by developers. In a meeting and a [...] Continue Reading »

Rajasthan HC seeks details of plot owners of Gokul Vatika

Rajasthan HC seeks details of plot owners of Gokul Vatika
Jaipur- The Rajasthan high court has directed the Jaipur Development Authority (JDA) to procure all the details of the government officials and their relatives who own plots in Gokul Vatika, the controversial residential development. Gokul Vatika, launched in 2005, is a residential scheme located in JLN Road, Jaipur. It was alleged that instead of allotting plots [...] Continue Reading »



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