Whether the provisional Letter of Allotment issued by the respondents amounts to the Agreement for Sale? – Yes!

By Dr. Sanjay Chaturvedi LLB, PhD Nikhil Chopra V/s JVPD Properties Pvt. Ltd. (CC005000000001348) Order Dated 5th April 2018 by Maha RERA Maha RERA observed “The complainant has filed this complaint under Section 18 to claim a refund of his amount from the respondents with interest. The respondents issued a letter dated

Is Allotee under allotment letter mentioned as “Investor” is real investor to be treated as Co-promoters?

By Dr Sanjay Chaturvedi, LLB, PhD  Mr. Ketan Gagra V/s JVPD Properties Pvt. Ltd (CC006000000001312) Order Dated: 11th April 2018 The complainants have filed these complaints under SecfLon7,72 & 14 of the Real Estate (Regulation and Development) Act, 2015 (RERA) to claim refund of ttteir amount from the respondents with interest. The

Allotment process closed by CIDCO for Project affected people in Thane taluka under 12.5% ??scheme

By Accommodation Times Bureau Procedure for allotment of plot under 12.5% ??scheme to project affected landholders in Thane Taluka will be closed subject to the conditions. On September 16, 2017, CIDCO Corporation's has passed a resolution by passing the resolution in the meeting of the Board of Directors. In the year 1970, the Maharashtra

The letter of allottment, even though not “ownership”, must be taken as the date of holding the asset

By Accommodation Times Bureau Capital Gain will be calculated from date of allotment letter. While s. 2(42A) uses the term "held", the other provisions use the terms "acquired", "purchased" and "owner". Accordingly, for considering whether an asset is a "long-term capital asset", the period of holding must be computed on a de

Prime Minister’s letter to citizens on completion of 1 year of Govt

By Accommodation Times News Services My dear fellow citizens! Service, in our Indian ethos is the ultimate duty – Seva Parmo Dharma. One year ago, you had entrusted me with the responsibility and honour of serving you as your . I have devoted every moment of every day, and every element of my

Home Loan Against the security of the Allotment Latters

By S R Agarwal HOME LOAN AGAINST THE SECURITY OF THE ALLOTMENT LETTERS City and Industrial Development Corporation of Maharashtra State Ltd., (For short: CIODCO), besides being the Development Authority, has been constructing the apartments and allotting the same to the intending purchasers and, similarly, Maharashtra Housing And Development

Chapter II: Properties On The Plots Allotted By Cidco To Co-Operative Housing Societies

By Advocate S. R. Agarwal Besides leasing out the plots by CIDCO as tender plots as discussed in the earlier Article, plots are allotted by CIDCO to various groups at concessional rates, decided from time to time, including Housing Co-operative Societies formed by the persons of 15 years domicile in Maharashtra. As per

Car Parking and Members of Co-Operative Housing Societies

Accommodation Times News Services By Adv. Vinod C. Sampat 1.         Since the inception of Maharashtra Ownership Flats Act, the Builders have treated the open space as if it is their personal property and have tried to exploit Flat purchasers. The classic instances of the same are - a)         Sale of open terrace. b)         Sale