Supreme Court
New Delhi- The flat owners in Greater Noida (West) Uttar Pradesh (Gaur City I project) have stopped receiving the home loan installments from Bank of Baroda due to an ongoing litigation. When questioned about stopping the loans, Minister of State for Finance, Namo Narain Meena agreed with it and stated that property is involved in [...] Continue Reading »
Hyderabad- For the first time, the state discoms have spent Rs 3,992 crore in order to purchase additional power for the seven months causing an additional responsibility on the part of the discoms creating a fluctuation in their finances. Last year, Rs 3,498 crore were spent by the distribution companies to get power from other [...] Continue Reading »
Gurgaon- In an attempt to get all the authorized buildings under Gurgaon’s jurisdiction, the Municipal Corporation enforcement wing aimed at innumerable structures which were under various stages of construction. These structures fell under the localities within 900 metres of the IAF ammunition depot. An order by Supreme Court addressed that no construction should be taken place in this zone. However, the demolishing was [...] Continue Reading »
The Greater Noida Authority has started survey of acquiring land freshly in Noida Extension villages which also include Shahberi region, where several were hampered by Supreme Court. To acquire 156.3 acres of land in Shahberi village, the Supreme Court had destroyed the 2007 notification of the UP government last year. The authority had imposed a fine [...] Continue Reading »
A developer has to pay the price for delay in delivery of flats to buyer in Gurgaon. District Consumer Disputes Redressal Forum has ordered a builder to pay Rs 20,000 as compensation to a resident for delaying possession of a flat. The complainant approached the consumer forum against the builder for not delivering the flat [...] Continue Reading »
Confederation of Real Estate Developers Association of India (CREDAI) has called for the one per cent norm related to VAT payment to be adopted for the retrospective period between 2006 and 2010. The issue is pending with the Supreme Court, which had issued an interim order asking that the VAT on properties sold between the [...] Continue Reading »
With the extension of the deadline to pay the Value Added Tax (VAT) dues by the Supreme Court, now the buyers and the developers are quite relieved. The deadline has been extended October 31 for the VAT on flats purchased in Maharashtra between 2006-2010. Also the SP has directed the Sales Tax Department to waive [...] Continue Reading »
A huge protest has been staged outside the Deputy Commissioners ‘ office by the residents of Emmeti village in Kalghatgi taluk opposing the creation of ‘safe zone’ would be for stone crushing units near the village. The villagers stated that the creation of the safe zone hazardous to the health of the people and adversely [...] Continue Reading »
The Chief Minister Sheila Dikshit promised support to residents of Delhi Cantonment area who are feared of having their structures being demolished. It was requested by Shiela that the cantonment area should be given amnesty at a meeting with the Union Minister of State for Defence M M Pallam Raju. Shiela also showed concerns towards her [...] Continue Reading »
With the Supreme Court’s order to demolish illegal constructions in Pune, there were about 44,000 sq ft which were cleared against encroachments in separate operations initiated by the Pune Municipal Corporation (PMC) and Pimpri Chinchwad New Township Development Authority (PCNTDA). There were about three structures demolished by the PMC of about 19,500 sq ft in Hadapsar. Since [...] Continue Reading »
