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

Procedure for Self Redevelopment of housing societies in Maharashtra

By Dr Sanjay Chaturvedi, LLB, PhD Builders are not finding viable projects offered by housing societies in Maharashtra, are going in for self redevelopment. Due to slow down in market and new DCR where the redevelopment is not viable in Mumbai, housing societies in Maharashtra are going in for self redevelopment. Developing

CIDCO – MMRDA Cleans up Illegal Structures at Chirlegaon, Uran

By Accommodation Times Bureau URAN: In an action to curb the illegal constructions in Navi Mumbai, CIDCO’s CUC Department (South) carried out a demolition drive on Wednesday at MTHL Row and demolished 30 illegal structures. “10 Commercial Stalls, 07 Dhabas, 03 Godowns, 02 Offices, 4 Shops, 01 Weighing Machine and 02 Garages on

Chapter VII: Properties On The Plots allotted To The Press / Publication Houses

By Advocate S. R. Agarwal Being the sole Development Authority for New Bombay where no private land is available, CIDCO has been allotting the plots to the Press / Publishing Houses for the specific purpose of establishing their printing press, office and residence. Since such allotment is made at a concessional rate

Chapter IV: Gaothan Plots through Tripartite Agreements

By Advocate S. R. Agarwal There is a recent trend that the plots allotted by CIDCO to the Project Affected Persons under 12.5% Gaothan Scheme (GES) are transferred on the payment of the prescribed transfer charges to the third parties and these Transferees are mostly Builders or Developers and also Housing Co-Operative

Chapter III: Properties On The Plots Alloted By CIDCO Under 12.5% GES

By Advocate S. R. Agarwal The entire area of Navi Mumbai was an agricultural land, which has been acquired or being acquired by the State Government, barring the old villages, and entrusted to CIDCO for development, as mentioned earlier. This acquisition of the agricultural land rendered the agriculturists homeless and jobless. Therefore, the