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

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

111 MMRDA employees gets Permanent Housing

By Accommodation Times Bureau MUMBAI: MMRDA today conducted a draw and 111 eligible Class-III and Class-IV MMRDA employees, were handed over permanent tenements in District Thane – 99 at Panchpakhadi and 12 at Mahajanwadi in Mira-Bhayander. MMRDA will issue allotment letters to all 111 employees after following the due process. The Authority, in

JDA joint operation to stop illegal construction in Jaipur

By Accommodation Times Bureau JAIPUR: The officials of Deputy Registrar, Co-operative Societies, Jaipur (City) and Jawaharpuri Home Construction Co-operative Society, on Tuesday, told that the notice was received illegally in Shriram Colony, housing scheme situated on the B-2 bypass. For verification, the enforcement inspector, Jaipur Development Authority, along with the opportunity of the

5 things that will make developers RERA-ready

By Accommodation Times Bureau Redesigning business Madhya Pradesh RERA regulator, Antony De Sa, says even those states which are ready, developers are not ready. “For a large number of developers it meant filling forms, which are lengthy and cumbersome. Developers will have to redesign their allotment letters, sales deeds, brochures, advertisements and

Model Agreement for Sale can be modified by Builder in Maharashtra RERA rules

By Dr Sanjay Chaturvedi, LLB, PhD Much awaited Real Estate Regulatory Rules published by Maharashtra Government for objections and suggestions. Under Real Estate (Regulation and Development) Act, 2016 (RERA) , every state government must frame Rules to execute the RERA. The Rule provides under para 10 as under : Agreement for Sale. -

FAQs on Navi Mumbai CIDCO

Accommodation Times News Services QUESTIONS & ANSWERS QUESTION (106) I am staying in a Society at Kharghar.  Recently, Panvel Tehsil Office has served notices to housing societies and individual owners of the plots for the payment of land revenue tax/non-agriculture tax.  These properties have been constructed on the plots allotted by CIDCO on