Legal
The hoteliers were aggrieved by Mayawati government’s decision to cancel the allotment of land after allegations of the land worth crores being given away cheap. The Supreme Court on Tuesday upheld the allotment of land but asked them to pay almost triple the original price if they still wanted to retain the allotted land. A [...] Continue Reading »
The Supreme Court on Monday turned down the plea of the Greater Noida Industrial Development Authority and builders, including Supertech and Amrapalli, to stay the May 12 Allahabad high court order that quashed the authority’s notification, acquiring 156.3 hectares land in the village. The authority bought the land from farmers at a cheap price for [...] Continue Reading »
Market regulator SEBI on June 23 had directed two Sahara group companies — Sahara India Real Estate Corp (SIRECL) and Sahara Housing Investment Corp (SHICL) — to refund the money raised from investors through optionally fully convertible debentures (OFCDs) with an annual interest of 15 per cent from the date of receipt of money. Sahara [...] Continue Reading »
After high court verdicts on cancelling the land acquistion in noida extension, other villagers to take to the courts to demand their land back. The government in Uttar Pradesh has acquired thousands of acres of land along the Yamuna River to build housing blocks, highways, airport and even a Formula 1 track. Investors in Noida [...] Continue Reading »
The Mumbai Tenant associations decried proposed Model Residential Tenancy Act 2011 and claim that the move does not allow for Mumbai’s unique rental system and might leave lakhs of Mumbaikars homeless. Tenant associations claim that the new law would spell disaster for Mumbai, where thousands of old properties are still rented out under the long-standing [...] Continue Reading »
The Centre is of the opinion that the current legal system has discouraged landlords from reinvesting in their properties as rentals have been kept artificially low. The Model Residential Tenancy Act, 2011 prepared by the housing ministry is intended to replace archaic rent control legislations that capped rentals, resulting in landlords getting a pittance for [...] Continue Reading »
An unmarried Hindu woman is entitled to equal share in ancestral or coparcenery property along with other male members under the amended Hindu Succession Act, the Supreme Court has held. Coparcenary refers to equal inheritance which was restricted only to male members of the Hindu Undivided Family but after succesive amendments several states have chosen [...] Continue Reading »
If the flat owners and occupants will not pay the fee, it will be impossible for the RWA or Apartment Owners Association to carry on with welfare activities and services. The owners or occupants of a flat are bound to pay the membership fee to the Residents Welfare Association (RWA) of the colony to fund [...] Continue Reading »
Acquiring property in the name of the husband by his wife would be Benami no more. The government to amend the Benami Transaction (Prohibition) Act The government plans to amend the Benami Transaction (Prohibition) Act. Under the existing law, the law defines a benami transaction as a deal in which a property is transferred to [...] Continue Reading »
A bench of Chief Justice Dipak Misra and Justice Sanjiv Khanna said the government should construct the shelter home for destitute pregnant women in the city. The bench asked counsel Najmi Waziri to inform the government to construct the third shelter-home for destitute pregnant and lactating women to check child deliveries on footpaths. The bench [...] Continue Reading »
