Ravi S, Chandigarh
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Now builders have to pay penality for delay possession from date of booking
Q: It is always seen that innocent people who fall victim to the attractive offers of realtors in a bid to own their house.

Latest Answer: Yes, the judgement made it clear that since 4 months delay in issuing allotment letter is clearly reason to the opposite parties, in all fairness, 24 months period for possession has to be computed from December 3, 2011, when the complainants signed the allotment agreement and submitted the same to the opposite parties on the same day.

Instant mutation while purchasing a land in Haryana.
Q: Haryana Government initiated mutation to buyers after buying of land.

Latest Answer: Hi Guys, As per sources, Mr Dalip has also declared that land has been acquired for the Hisar to Dabwali road work for which nearly 232 crore will be given as compensation to land owners. Already 195crore had been distributed among farmers. State government has issued revenue survey(girdawari) to estimate the loss caused to crops because of unseasonal rain. Compensation will be distributed among farmers with in 15days.

Regularize changes in residential houses in Chandigarh.

Latest Answer: Hi Guys, The CHB had chosen November 12, 2012 that in future all kinds of transfer cases, no-objection certificate (NoC) for selling property and conversion from leasehold to freehold as well as execution of conveyance deed will be managed strictly when taking the most recent investigation report with respect to building violations.

Haryana Govt. launched online registration of land deals in all tehsils of the state.

Latest Answer: I came to know from news paper that, according to additional chief secretary (revenue) Dalip Singh, the department has so far given 10,211 appointments under the new system, out of which 8,208 registries were done the same day. A maximum of 1,613 registries were delivered in Jagadhari followed by 1,560 in Karnal. Aiming to strengthen the online registration system further, the government would also launch e-stamping of property registration from March 15.

Hi, I am a first time home buyer, I have some tax related issues.
Q: How to save tax by doing investment on property?

Latest Answer: Hi Ravi, In my point of view, the ones who have a home loan in which they are a co-applicant and pay the EMI ,they can claim the entire deduction on interest as well as principal repayments. If the home is self-occupied, the total year interest deduction would be restricted to Rs 2 lakh. I am also assuming that you would continue to pay the entire EMI until the loan is fully repaid.

Smart Cities in India- Chandigarh may become first smart city .

Latest Answer: Yes, to get appropriate result, govt. should support those cities or state first. Government grants will be leveraged to attract funding from internal and external sources but unless there is a possible business model or guarantee from the centre, this would not be easy. Also, the track record of Public Private Partnership projects is at best mixed and when there would be multiple parties associated like the center, states, local bodies and private entities, the task would be even more challenging.

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