Legal
Abeyant construction, delayed possession, hollow promises and helpless buyers. These seem to have become a common trait in the real estate industry in the city. The case involving DLF portrays the helplessness of a buyer, who endured excruciating wait for getting a business space despite depositing over Rs 85 lakh and finally had his grievance [...] Continue Reading »
The final investigation report pertaining to the Saradha scam has been submitted to the Government’s Corporate Affairs Ministry by the Serious Fraud Investigation Office (SFIO). The submission of the report comes after the SFIO’s year-long investigation into the scam, in which thousands of crores of rupees were swindled from lakhs of investors in West Bengal, [...] Continue Reading »
In a recent statement, the Delhi Development Authority (DDA) has revealed that it has reached a decision with regard to allowing the conversion of property – from leasehold to freehold – through general power of attorney and registered agreement to sell. The move announced by DDA is noteworthy because an earlier ruling by the Supreme [...] Continue Reading »
In less than a year of amicably resolving the property dispute within family members, the Royal Gaekwad Family of Baroda is once again faced with legal battle over some of its property. Vadodara-based realtor CK Shah has moved the Gujarat High Court against Sangramsinh Gaekwad and family, the heir of erstwhile king of Baroda, for [...] Continue Reading »
Looking into the acute shortage of domestic natural gas in the country, Anil Ambani’s Reliance Power on Monday told the Supreme Court that it was willing to surrender around 1,000 acres of land acquired by the Uttar Pradesh government for its now-abandoned 7,480 MW gas-based Dadri power project in Ghaziabad district of the state. Thus, [...] Continue Reading »
All the ministries have been demanding reforms in the Land Acquisition bill which was passed by the previous UPA government. In a decision, which could have far-reaching consequences on industrial development, the government may simplify the land reforms laws. On Tuesday, the government tabled the Karnataka Land Reforms and Certain Other Laws (Amendment) Bill, 2014. [...] Continue Reading »
Supertech, the Noida authority and a group of buyers had filed a petition challenging the Allahabad high court’s order to demolish the twin towers of Supertech’s Emerald Court. The Supreme Court (SC) will hear the Supertech Emerald Court case which involves Noida’s upscale Sector 93A for flouting building norms. To challenge the Allahabad high court’s [...] Continue Reading »
Another case of benami transaction has been detected in the region of Solan, where a Faridabad resident bought a 110-bigha land in Kandaghat tehsil through the cash given to him by a Delhi-based company. Investigations conducted by the police revealed that Laxmi Ram Sharma was an agriculturist from the state of Himachal, but was residing [...] Continue Reading »
Devanahalli which is the home to a new international airport looks to be the breeding ground for several land scams. In a recent incident that has come up surface, four tahisildars have allegedly sold off government plots with an estimated price of 100 crores to private land developers in between the year 2008 and 2013. [...] Continue Reading »
The Finance Minister Arun Jaitley today stated that all the fresh cases arising out of the 2012 amendment of I-T Act would be looked into by a high level CBDT (Central Board of Direct Taxes) committee. He also mentioned that retrospective amendments to tax laws will be undertaken with extreme caution and the investors need not [...] Continue Reading »
