The capital city tops in listing of term cases related to fraud in property dealing according to the reports. The cases involves selling loaned property to more than one users or fudged paper are typical methods used while not the people are showing some unique ways to cheat investors now a day. Recently, a  real estate Mumbai  company with its promotional documents has used other projects that are executed for getting trust of investors. Consumers now are more informed still falls in scams. These scams are running around large scale from the legal frauds to fly by night developers by giving false promises and with unusual advertisements like get something free offers. Here shows some of the scams running around in Indian real estate sector where investors need to be cleverer now:- §   False promises with advertisements §   Assured fixed rental income to get from invested properties §   Duplicating title deeds of any vacant or disputed project which la...

The North Delhi Municipal Corporation has proposed to regularise all illegal constructions done over properties measuring 50-250 square metres till December 31, 2016. The standing committee, the highest decision-making body of the municipal body, on Friday approved an amnesty scheme for unauthorised constructions on Friday. Standing committee chairman Tilak Raj Kataria said, “95% constructions in north Delhi are unauthorised and are in violation of the building bylaws. The amnesty scheme recommends 100% coverage of ground floor (400 FAR) on plots up to 250 square metres. The proposal, which will have to be ratified by the House of elected councillors, if implemented, will benefit thousands of people. The North Delhi Municipal Corporation has proposed to regularise all illegal constructions done over properties measuring 50-250 square metres till December 31, 2016. The standing committee, the highest decision-making body of the municipal body, on Friday approved an amnesty scheme fo...

Ghaziabad, June 16 (IANS) The Ghaziabad police has arrested the Assistant Inspector General (Stamps) for extorting money from property buyers by issuing notices on fake complaints. AIG (stamps) Rajesh Sharma was arrested for abusing his official position by way corrupt practices that led to loss of hundreds of crores to the state exchequer, police said. The police said that Naib Tehsildar Bhupendra Singh lodged a complaint on June 14 (Wednesday) with the Kavinagar police in which he alleged that AIG Rajesh Sharma along with former Sub Registrar Ajay Goel was engaged in extorting money by carrying on office work from Ajay Goel’s private residence Atar-2/231 Rajnagar in Ghaziabad. The officer was arrested on late Thursday night. He has been presented before the court which remanded him to 14 days judicial custody. Two complaints were filed in the district magistrate’s office against Rajesh Sharma by Rajesh Upadhyay, president of Deed Writer Association, and Anil Chaudhary...

“ Of all the evils for which man has made himself responsible, none is so degrading, so shocking or so brutal as his abuse of the better half of humanity; the female sex .” –  Mahatma Gandhi Regardless of our profession or our lifestyle, we are all justified in wanting to be treated right. When people are unable to assert their rights, it is the ultimate insult to humankind. It is a pre-conceived notion that Indian society is principally patriarchal in law, education and academics. Women’s lives in male dominated societies are entrenched with discrimination; holding women back from claiming equal rights. Since men enjoy preferential rights to property over women, male-centric societies suppress women’s demands for equal property rights. But advancement in India’s property law has led to a substantial boost in the importance of property rights for women. Although this article mainly deals with the rights of Hindu women in India the existence of limited rights to property for w...

Forty-three of the 55 McDonald’s outlets in Delhi are shutting down, media reports said on Thursday, blaming the tussle between the north Indian franchisee and the global food giant for the shock decision. “The ‘eating house licenses’ of a number of McDonald’s restaurants in Delhi have expired. The board of Connaught Plaza Restaurants Private Limited (or “CPRL”, McDonald’s licensee in North and East India) is working to obtain the required licenses. Pending this, CPRL is temporarily suspending the operations of the affected restaurants,” McDonald’s India Pvt Ltd (MIPL) said in a statement. Over reports saying the shutdown will result in a loss of 1,700 jobs, MIPL said, “We understand that CPRL is retaining the employees of affected restaurants and will pay them their salary during the period of suspension.” According to reports, falling revenues, lack of investment and a legal battle over ownership of the fastfood chain led to the trouble. “It’s unfortunate, but operation of ...

It’s been just five days since a boardroom coup ousted Travis Kalanick from Uber, and the leadership sweepstakes is in full swing with some big names being floated as possible successors. The board’s top choice reportedly is Facebook Chief Operating Officer Sheryl Sandberg, whose name comes up any time there is a high-profile opening in Silicon Valley and who is said not to be interested. Even so, Sandberg is a lot likelier to replace Kalanick than another candidate being promoted by people who probably should know better: Travis Kalanick himself. On Friday, the best-selling biographer Walter Isaacson told CNBC that he thought Kalanick  could come back  because—well, it was hard to tell exactly why he thinks so, but his argument sounds like “because America.” Isaacson was joined by several  other take-   havers , as well as more than 1,000 of Kalanick’s employees, who signed a  petition  demanding that Uber’s board reinstate the comp...

Global search engine giant Google and Microsoft are said to be among the major global and domestic companies in Hyderabad said to be affected after the Telangana government initiated a series of legal cases questioning the legitimacy of the ownership of land holdings, according to an Economic Times report on Monday. The legitimacy of both private and government-auctioned land holdings have been called into question by the government, ET reported. The financial daily said that the latest episode that has triggered a fresh wave of panic among investors is the largest land scam in Telangana involving hundreds of acres valued at at least Rs 15,000 crore. After the Opposition raised a hue and cry, the government was forced to announce termination of suspicious land registrations. The accused in the latest land scam are said to have colluded with land registration officials to corner hundreds of acres of contentious land parcels in Hyderabad's Miyapur and a few other localities. ...

Updated: Jan 23, 2017, 11.57 AM IST By Jehangir B Gail, consumer activist  Executing an order is sometimes more difficult than winning the case. Here is a case where the Supreme Court has come to the rescue of an aggrieved consumer.  Case Study: Kamlesh Aggarwal had filed a complaint before the Ghaziabad District Forum against Navchetna Sahkari Awas Samiti. Her grievance was about the Society having cancelled her membership and having failed to allot and register a plot at Khoda Village for alleged default in payment. By its order of October 17, 2003, the forum allowed her complaint and directed the Society to allot the plot and register it in her name within three months.  On failure to comply with this order, Kamlesh initiated execution proceedings. At this stage, a third party named Gulab Singh claimed that the same plot was allotted to him and was in his possession pursuant to a civil suit filed by him. The district forum concluded that its original order in ...

One of the oldest property disputes which dragged three generations of a family to court has reached finality after nearly five decades, with a Delhi court asking the litigants to arrive at a mutual agreement on the partitioning of the three buildings. The litigation which was initiated in 1968 between five parties, including four family members and DDA, has ended up with 58 litigants. The suit was filed between four brothers, all residents of central Delhi, seeking partition of three properties of their father after his death. During pendency of the matter, the original parties had died and the case was pursued by their children, who were the legal heirs, many of whom also died, and grand children. Additional District Judge Kamini Lau held in the verdict that the suit properties can be partitioned and granted six months to the parties to arrive at a mutual settlement regarding partition of the premises in terms of their share declared in the preliminary decree passed in November 1975...

Let's look at e-registration of land in terms of ownership, broker roles and its various benefits. Here are the details The most frequent disagreement in Indian real estate is land dispute. Cases range from of illicit land grabbing and illegal land sales, to instances of purchase of land where no actual purchase has taken place. The real estate market has historically been plagued by such issues. The current government’s initiative of facilitating e-registration to streamline the registration of immovable properties, is an extremely progressive move. This has been universally welcomed for its transparency and ease of use. E-registration has simplified the process for providing evidence of titles and facilitating transactions, and will go a long way in preventing the unlawful disposal of land. This system effectively brought to the forefront, the various underlying problems and loopholes in the traditional land registration process. The Land Registration Act of 1925 typica...

नई दिल्ली काले धन के लिए सुरक्षित स्थान कहे जाने वाले प्रॉपर्टी मार्केट में नोटबंदी के बाद से ही ग्राहकों का टोटा है। डिवेलपर्स के मुताबिक बीते तीन महीनों में ग्राहक करीब 50 पर्सेंट तक कम हो गए हैं। अब रीयलटी सेक्टर के लोगों की उम्मीद आने वाले दिनों में 'वाइट मनी' वाले निवेशकों पर ही टिकी हैं। घरों के बाजार में निवेश करने वाले लोग फिलहाल पैसा निकालने से बच रहे हैं। इन लोगों का मानना है कि आने वाले दिनों में ब्याज दरें और कम होंगी। इसके अलावा नोटबंदी के असर से प्रॉपर्टी मार्केट में भी कीमतें गिरेंगी। इंडस्ट्री डेटा के मुताबिक काले धन को खपाने के लिए सबसे सुरक्षित माने जाने वाले रीसेल और सेकंडरी मार्केट में सबसे कम कस्टमर्स आ रहे हैं। यही नहीं प्रॉपर्टी के रजिस्ट्रेशन में भी तेज गिरावट आई है। प्रॉपर्टी कंसल्टेंट नाइट फ्रैंक इंडिया के मुताबिक, 'नोटबंदी के बाद से अब तक डिवेलपर्स को 22,600 करोड़ रुपये के नुकसान का अनुमान है। इसके अलावा राज्य सरकारों को स्टांप ड्यूटी के तौर पर 1,200 करोड़ रुपये के नुकसान का अनुमान है।' चेन्नै, कोलकाता, हैदराबाद, पुणे और मुंबई से लेकर एन...

New Delhi, Jan 3:  After the major financial scam caused by the collapse of a Ponzi scheme run by Saradha Group, it was the turn of Rose Valley chit fund scam in West Bengal. The Rose valley scam is similar to Saradha scam as it has many TMC links. Trinamool Congress MP and Tollywood actor Tapas Pal is one of brand ambassadors of the company who has been arrested by the CBI. The Rose Valley scam is seven times bigger than the similar, Rs 2,460-crore  Saradha scam . The Rose Valley group was into real estate, films, media, jewellery, hotels and resorts and its firms operated unlicenced financial schemes that escaped regulators’ scrutiny. As per reports, the group allegedly robbed millions of investors in at least 10 states by promising exaggerated returns. These investors were majorly from from the low-income group. What is the Rose Valley chit fund scam? The Rose Valley chit fund scam could have raised nearly Rs 38,000 crore in West Bengal, Tripura, Jharkhand, Orissa, As...

वहम है कि नोट-बंदी से प्रॉपर्टी सस्ती हो जायेगी. प्रॉपर्टी में हूँ सालों से. कुछ नहीं होगा. लोग रेट कम कर ही नहीं रहे. कौन अपनी करोड़ों रुपये की जायदाद रातों-रात आधी कीमत पर बेचने को राज़ी होगा? जिसकी कोई ज़बरदस्त ज़रूरत हो तो बेच भी जाए, लेकिन  ऐसे लोग तो पहले भी औने -पौने में बेच जाते थे. बावज़ूद उसके बगल वाली प्रॉपर्टी उससे सवाये रेट पर बिकती थी. बगल वाली क्या उसी  प्रॉपर्टी को खरीदने वाला सवाई ढेड़ गुणा कीमत पर बेच जाता था. सो अभी लोग इंतज़ार करेंगे. कौन जाने अढाई साल बाद सरकार बदल जाए. नई पालिसी आ जाए.  और खरीदने वाले को भी कैसे कुछ सस्ता मिलेगा? वो अगर एक करोड़ रुपये की प्रॉपर्टी को तीस लाख रुपये में दिखाता था तो आज उसे अगर वही प्रॉपर्टी सत्तर लाख रुपये में मिल भी जाए तो जो चालीस लाख रुपये वो पहले से ज़्यादा वाइट में दिखा रहा है उस पर टैक्स नहीं भरेगा क्या?  कोई खास फर्क नहीं है खरीदने वाले को. वो पहले सारा धन बेचने वाले को देता था, अब अगर बेचने वाले को थोड़ा कम दिया भी तो जितना कम देगा, उससे कहीं ज़्यादा सरकार को टैक्स देना होगा. सो नतीजा निल-बटा-सन्नाटा.

MUMBAI: Residential property sales in Mumbai Metropolitan Region have declined 26% during the second half of 2016 as the demonetisation disrupted the market sentiment in fourth quarter of the year, said a Knight Frank report. New residential launches during the period also slipped 53% from a year ago. In the quarter ending December, sales plunged by 50% to 8,617 units and launches by 77% to 2,617 units. New launches and sales in the premium segment declined 69% and 16% from a year ago, respectively during the second half of 2016. Premium markets of South Mumbai and Central Mumbai were the worst hit with sales declining 54% and 41% respectively between July-December. Thane and Peripheral Central Suburbs at 37% and 28% decline were relatively better off, the report said. Unsold inventory levels have come down steadily from a peak of 213,742 units in first half of 2014 to 154,699 units in the second half of 2016. "H1 (January-June 2016) raised hopes for the MMR residential m...

The Supreme Court on Monday issued notice to the Delhi government on the plea of the central government in connection with the circle rate issue in the national capital. The Central government has challenged the Delhi High Court order on circle rate issue in the apex court. The Delhi High Court had in August 2015, refused to stay a Delhi government's notification that tripled circle rates of agricultural land in the national capital. Refusing to pass an interim order to stay the notification, saying it would hear the Delhi government's stand before passing any order, the court had asked the Delhi government to file its response by September 23, 2015 and also apprise it whether the notification could be issued without the Lieutenant Governor'sapproval. The Delhi government had on August 2016 issued a notification in which circle rates of agricultural lands were revised. The Aam Aadmi Party (AAP) government has fixed the new rates in the range of Rs 1 crore to Rs 3.5...