Urban development ministry
Insurance of buildings has been compulsory since 2001 under the state government byelaws, hardly any housing societies have taken the initiative. Title insurance ensures that the current owners are safe from past claims and title faults, and puts the property firmly in their possession, particularly in case of housing societies. Insurance can also protect against [...] Continue Reading »
Many flats which were built in the Commonwealth Game (CWG) Village have exceeded their sanctioned floor area ratio (FAR) after construction. The Centre will give its nod to flats only after developers pay the penalty for extra construction apart from FAR. Those flats which have exceeded by 5% of the sanctioned FAR are compoundable and [...] Continue Reading »
