Flat owners
Around 900 flat-owners of Indra Puram Colony on the outskirts of Jalandhar are facing a tragical irony as even after paying the last installment before three years, they cannot move into the flats as basic amenities such as electricity, water and sewerage connections are missing. The flat owners paid the full amount to the Jalandhar [...] Continue Reading »
As real estate in Bangalore soaring to new heights, developers are being accused of unfair practices by flat owners’ associations in various situations. Complaints range from corpus fund being siphoned off to being denied free access to common facilities like swimming pool or gym as have been promised to the buyers prior to completion. Many [...] Continue Reading »
Around 20 allottees recently got possession of their HIG Dwarka flats built under Delhi Development Authority (DDA)’s 2010 housing scheme. However, the ‘ready-to-move-in’ flats are still devoid of basic facilities like water, electricity connections and roads. Of the 930 high-end flats in the complex, 217 are still under construction. Though DDA officials had claimed that [...] Continue Reading »
The Brihanmumbai Municipal Corporation’s (BMC) website has been upgraded to display the names of all city buildings that have an occupational certificate (OC). Recently more than one lakh flat owners of 6,000 buildings in the city of Mumbai have had to bear the brunt of the absence of an OC by paying double water charges. [...] Continue Reading »
Over four lakh flat owners in Maharashtra, who had bought properties between June 20, 2006 and March 31, 2010, may have to pay Value Added Tax (VAT) to the state government. As the state government plans to recover VAT, a trade circular is issued by the Maharashtra sales tax commissioner on August 6. The tax [...] Continue Reading »
The flat owners are to be benefited by the new proposed bill in the state of Rajasthan. The state government on Monday introduced the draft of a new law – Rajasthan Apartment Ownership Bill, 2012 – giving more room to the flat owners. The new bill allows the families in flats access to common or [...] Continue Reading »
The Noida Authority has given relief to cooperative group housing flat owners who had failed to get their properties registered after purchasing stamp papers within the Supreme Court’s deadline of January 26, 2012. The Authority has decided to exempt them from paying the penalty of Rs 100 per day for the period after the purchase [...] Continue Reading »
NCR Planning Board is all set to push the real estate prices in Greater Noida amid indications from developers that they would go for a price revision once the draft gets green signal the board. While the existing flat owners waiting for possession of properties remain unaffected, new buyers may have to pay at least [...] Continue Reading »
The state government of Maharashtra has rejected Mhada’s proposal of allowing flat owners to lease out their houses within the five-years lock-in period. The state expressed its opinion that by allowing this move, people looking at low-cost houses as an investment opportunity will be encouraged. Meanwhile, it will be unfair to those who are homeless. [...] Continue Reading »
The board of revenue collection under Darjeeling municipality has collected Rs. 35 lacs in last quarter of 2011-12. It is the highest ever collection achieved by the department. The municipality also recorded that still 50-60 shops under the municipality do not have license and the 50 percent of the buildings does not have mutation. The [...] Continue Reading »
