Properties
Municipal Corporation of Delhi (MCD) is yet again to start the demolition drive of illegal properties in the national capital. Twenty nine such properties have been identified and has been either sealed or demolished by the civic body. Out of twenty nine properties, nineteen are based in Dabri, Mohan Nagar, Mundka, Sadh Nagar and Durga [...] Continue Reading »
Now, Government can not acquire any land they wish. Supreme Court has ordered that government can acquire only those lands if it has a genuine need of it. Furthermore, it said any private properties can not be acquired under urgency clause. Only if there is real emergency, then it can be used if proper justification [...] Continue Reading »
According to the reports of Indore Municipal Corporation (IMC), around one lakh property owners are not eligible to pay property tax. The reason being they have bought properties, got approvals and have agreements but did not register them. It is the previous owners in place of defaulters who get property tax notices from the civic [...] Continue Reading »
Real estate market has been witnessing a continuous ambiguity First, investors invested in properties leaving no affordable properties for buyers. Now, those nervous investors are selling off the properties below market rates and destroying developers’ sale market. Both buyers and investors are in a puzzled state. In this total confused market, look for properties which are [...] Continue Reading »
It is a fact that realty sales dropped down badly during 2011. Even a recent survey by real estate experts revealed that the housing financing companies also had to face same situation resulting in home loan sales drop down. However, in the real time scenario there is a different story in concern with these housing [...] Continue Reading »
A renowned real estate group, Puravankara Projects is to sell three commercial properties to clear off its rising debts. The properties are located in Bangalore and Chennai and will be sold at around Rs 250 crore. Currently, the group has an outstanding debt of Rs 1,160 crore as the profit has been down by almost [...] Continue Reading »
Illegal constructions are going out of hand even strict eye is kept on this sector. Municipal Corporation of Delhi (MCD) has done all possible ways to keep illegal properties under wrap but still the menace is out there. The officials alleged that 22 properties have been found illegal and will be razed. The properties are [...] Continue Reading »
One of India’s leading newspapers “The Hindu” recently published a feature about Commonfloor.com. The story spoke about the efforts and vision of Lalit Mangal, Sumit Jain and Vikas Malpani, the founders of Commonfloor which was started in 2007. Hindu covered Commonfloor as: “a tool to empower the committee and the owners for better and transparent [...] Continue Reading »
Banks will now be relieved if the amendments to the Sarfaesi laws is done very soon! Under the proposed amendments in Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Sarfaesi), banks wil now be allowed to seize the defaulter borrower’s property in any case. They can even buy the asset [...] Continue Reading »
Property missing! Yes, property belonging to Greater Hyderabad Municipal Corporation (GHMC) are suspected to be missing or ilegally encroached upon. Files of these properties worth crores of rupees have not even left a clue behind to trace them. According to the Town Planning wing of GHMC, around 142 properties measuring 15,197 sq. yards worth hundred crores [...] Continue Reading »
