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In Jt Development, performance of Builders will be “Transfer”

Written on 6 Jan, 2012 at 15:55 in Land Law, Real Estate News | viewed 6 times | 0 Comments

By Accommodation Times (www.accommodationtimes.com) Shri Suresh Kumar D. Shah v. DCIT (ITAT Hyderabad)- It is held that in a Joint Development Agreement if the Developer has performed or is willing to perform his part of the contract, then the transaction... (Continue reading)

No commercial activities in residential area, 21banks banned in Noida: SC

Written on 10 Dec, 2011 at 17:59 in Legal, Real Estate News | viewed 0 times | 0 Comments

By Accommodation Times (www.accommodationtimes.com) New Delhi: On Monday the Apex Court has come out with the decision of immediate closure of 21 banks and nursing homes operating in sector-19 and then expanded the ambit of its verdict to banning any further commercial... (Continue reading)

Builder to pay 80k for Deficiency in Service, Madurai HC

Written on 7 Dec, 2011 at 18:17 in Legal, Real Estate News | viewed 2 times | 0 Comments

By Accommodation Times (www.accommodationtimes.com) Madurai: The latest Judgment delivered by Madras High Court, Justice K Chandru dismissed the petition filed by builder and refused to set aside the order of the Madurai District Consumer Disputes Redressal Forum directing a builder to... (Continue reading)

RESPONSIBILITY OF OWNER OR OCCUPIER TO KEEP AND MAINTAIN EXTERIOR OF BUILDING IN GOOD CONDITION

Written on 2 Dec, 2011 at 18:08 in Legal, Real Estate News | viewed 11 times | 0 Comments

RECENT AMENDMENT OF BMC ACT BY STATE GOVERNMENT By Adv. Sanjeev Kanchan The Maharashtra State has inserted new Section bearing No.354AA to the BMC Act, 1888 with effect from 3rd April 2011 and fixed ‘Responsibility of keeping and maintaining exterior of... (Continue reading)

“A real estate brand is not merely a function of advertising and communication – it’s also a function of the buildings that come up”

Written on 2 Dec, 2011 at 18:02 in Legal, Real Estate News | viewed 1 times | 0 Comments

Says G Pandrang Row, Partner, Vertebrand Management Consulting “Real estate prices down 20%.” “Real estate players forced to release stockpiled property due to funds crunch.” Headlines like these just about summarize the reason why real estate players need genuine branding and genuine... (Continue reading)

Can you recover the Rent and Possession of your Premises from Tenant / Licensee if such Agreements are not registered?

Written on 2 Dec, 2011 at 17:58 in Legal, Real Estate News | viewed 7 times | 0 Comments

By Adv. Sanjeev Kanchan Under Section-55 of Maharashtra Rent Control Act, 1999 with effective from 31/03/2000, any Agreement for Leave & Licence or Tenancy shall be in writing and shall be registered. Under Sub-Section-2 of Section 55, the responsibility... (Continue reading)

Housing firm not responsible for encroachment after delivery of possession of the plot to buyer – Supreme Court

Written on 29 Nov, 2011 at 13:28 in Land Law, Real Estate News | viewed 1 times | 1 Comment

Haryana Urban Development Authority Vs. Viresh Sangwan & ANR(SC)- The housing development authority cannot be held responsible for the encroachments made after possession of the plot had been delivered to the allottees.. Neither the original allottee nor those who... (Continue reading)

Can a member approach consumer forum against their grievance?

Written on 26 Nov, 2011 at 18:02 in Legal, Real Estate News | viewed 12 times | 0 Comments

By Staff Reporter The Consumer Protection Act, 1986 (the CPA 1986) is a Central Govt. Act applicable in all states of India, to provide for the protection of the interests of consumers and settlement of consumers’ disputes. ” Jaago grahak Jaago”... (Continue reading)

SC upholds cess on construction companies

Written on 23 Nov, 2011 at 11:47 in Legal, Real Estate News | viewed 3 times | 0 Comments
SC upholds cess on construction companies

M/s. Dewan Chand Builders & Contractors Vs. Union of India & Ors.- In Sreenivasa General Traders and Ors. Vs. State of Andhra Pradesh and Ors.5, a Bench of three learned Judges, analysed, in great detail, the principles culled out in... (Continue reading)

Handing Over the Charge to New Committee

Written on 16 Nov, 2011 at 18:06 in Real Estate News, Society | viewed 17 times | 1 Comment

As per Sec. 2(7) of the Maharashtra Co-Operative Societies Act, Committee means the Committee of management or board of directors or other directing body, by whatever name called, in which the management of the affairs of a society is vested... (Continue reading)

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