Power of attorney
Realty developers in Maharashtra could soon face disqualification and cancellation of registrations of their projects. This has created some ripple in the real estate industry and the realtors are trying to take measures to safeguard their companies from this disqualification and cancellation. If a court declares the document (contractual agreement, power of attorney, etc.) giving them the [...] Continue Reading »
The PIL petitioners against the Tata Camelot township project near Sukhna Lake today pleaded in the Delhi High Court that the company had no right to go ahead with the construction as the Punjab Cooperative House Building Society (PCHBS) had terminated its agreement with the company. The controversial project was to come up on the [...] Continue Reading »
The state government is planning to cut the cost of formalizing joint development agreement to a mere Rs 200, which is expected to benefit consumers as developers will pass on the cost benefits to them. In order to keep builders happy, the government has removed the one percent fee clause imposed on joint development agreement and related power [...] Continue Reading »
The revenue taxes for the commercial, excise and motor vehicles departments have been hiked by the government. An additional Rs 6, 850 crore is to create from this three departments and further a sum of Rs 900 crore is expected from the stamps and registration department, and the total revenue to be mobilized will touch [...] Continue Reading »
The Supreme Court has declared the sale of immoveable property in Delhi through the use of a power of attorney will not be considered as a valid mode of transfer of immovable property. This judgment will have a negative effect on the residential real estate market of the national capital. The Power of attorney is [...] Continue Reading »
Land deals and regularization of properties have been made easier for common man in Gujarat. According to a new scheme by power of attorney (PoA) route, which has been worked out by the state government will be helpful for its residents. This step was taken into being because there was no sign of many original [...] Continue Reading »
The Criminal Investigation Department (CID) of Pune, investigating on the twenty nine Urban Land Ceiling (ULC) certificate scam cases as per the direction of the Bombay high court has arrested real estate agent Sujay Chopade, builder Sharad Kokate and conspirator Atul Panse. The trio were allegedly involved in unscrupulous land deals. Investigations done by the CID [...] Continue Reading »
