Builder files defamation against agitating buyers

By Rohit Sharma Man Global Limited has filed a defamation suit against around 47 customers who recently went on a dharna (Protest) at his office regarding the project. The realty firm is developing a project in Mira Road which got delayed due to which in mid-2018, few people were causing trouble in

GST on Joint Development of Property

By Accommodation Times Bureau KARNATAKA: Applicant, Land Owner entered into a development agreement with Builder to develop and promote multi-storeyed residential apartment cum commercial building. The landowner was entitled to get a share of 50% of the total of 12 flats constructed and also 50% share out of 4,000 SFT of commercial

One Time Settlement policy may get cabinets nod today

By Accommodation Times Bureau PUNJAB: The Local Government Department has been completed One Time Settlement (OTS) policy which aims for regularizing the illegal constructions and today would be presented in the meeting for the approval of the cabinet. Local Government Minister, Punjab, Navjot Singh Sidhu made it clear that “The policy has been

Chapter XII: Property Transactions Through Attorney

By Advocate S. R. Agarwal Property transaction through Attorney is a widely prevalent practice these days because of the complexity of the life or unavoidable circumstances. Not only property transactions, other transactions such as operating bank accounts, demate accounts, investments in the bonds and securities etc., take place day in and day

Chapter XI: Creation of Equitable Mortgage

By Advocate S. R. Agarwal These days finance, particularly against housing and property, is being made available by the banks and the housing finance companies against the security of the properties by way of equitable mortgage, known in our Indian legal system as the “Mortgage by Deposit of Title Deeds”. In terms of

Chapter X: Loss of Property Documents

By Advocate S. R. Agarwal One is expected to exercise due care in the preservation of his/her property documents, as these are the only proof of the ownership of the property. As and when a property transaction takes place by way of transfer or assignment of the rights, title and interest therein,

Maha RERA penalises Disha Direct Rs 5 lakh for causing mental torture to homebuyer

By Rohit Sharma MUMBAI: Maharashtra Real Estate Regulatory Authority (Maha RERA) ordered Disha Direct to refund money to two home buyers, one with Rs 5 lakh and another with Rs 50,000 compensation. In a recent judgement where B.D.Kapadnis, Member & Adjudicating Officer, MahaRERA was hearing the case of aged home buyer in

Chapter VIII: Properties On The Plots Alloted By The Collector

By Advocate S. R. Agarwal Sale and resale transactions are taking place, frequently, in respect of the properties on the plots allotted by the Collector on a leasehold basis, without caring for the compliance of the terms and conditions of such allotment contained in the Lease Deeds. Way back the Year 1940, the