Pernem Police charge five for forging company resolution in property fraud scheme
Author : PNT Bureau
Pernem Police have charged five individuals, including residents from Delhi, Ghaziabad, and Faridabad, with forging a board resolution of Eco Promoters Pvt Ltd to facilitate the sale of seven flats at Agarwada-Chopdem. Inspector Sachin Lokre stated that the accused conspired to create fraudulent documents and forged signatures of the company's directors, presenting them as genuine at the sub-registrar's office in Pernem. The complaint was lodged by Harish Arora on behalf of Eco Promoters Pvt Ltd, highlighting ongoing concerns regarding property fraud and the manipulation of legal documents in real estate transactions....
Wayanad: Government unveils comprehensive resettlement plan for disaster-affected families
Author : PNT Bureau
The government is implementing a comprehensive resettlement plan to support families affected by disaster. The first phase focuses on resettling those who lost their homes and land, while the second phase targets families in unsafe areas. A draft beneficiary list will be published by the district collector, with the revenue department overseeing the finalisation process. The resettlement package prioritises livelihood opportunities, providing employment and training for women in their chosen fields, and support for businesses in rented spaces. Sustainable farming facilities will also be considered to ensure long-term livelihoods for the community....
Mussoorie issues demolition notices for 17 unsafe buildings, including historic landmarks
Author : PNT Bureau
The Mussoorie Municipal Council has issued demolition notices for 17 buildings deemed unfit for habitation, including the historic Koh-i-Noor building and Hotel Prince. These actions follow orders from the National Green Tribunal, which highlighted concerns over land stability and excessive unplanned construction. A nine-member panel was established to study the town's carrying capacity, revealing that 19 buildings were identified as dangerous based on a 2022 survey. Notably, a bungalow owned by the wife of former cricket captain Sunil Gavaskar has already been demolished and reconstructed, eliminating safety concerns....
The Jaipur Development Authority's enforcement wing demolished seven illegal colonies last week, which were constructed without the necessary approvals. The colonies included developments on private agricultural land in Vatika and Simliya villages, as well as Bhairav City along the road to Sanskrit College. An enforcement official noted the swift action taken against a new illegal colony in front of Chandlai village, where three bighas of private land were being levelled without clearance. The JDA's proactive measures underscore its commitment to regulating land use and preventing illegal constructions in the region....
Navi Mumbai authorities take action against unauthorized construction in Sanpada
Author : PNT Bureau
The Navi Mumbai Municipal Corporation's Encroachment Department, under the direction of Commissioner Dr. Kailas Shinde, took eviction action in the Turbhe division due to non-compliance with a prior notice. An inspection at Mr. Arvind Manohar Thombre's property revealed approximately 750 sq. m. of unauthorized RCC construction. Despite a notice issued under the Maharashtra Regional Planning and Town Planning Act, the construction continued. The CIDCO Authority coordinated a joint eviction campaign, utilizing heavy machinery and personnel for the removal....
Salt Pan lands to support housing, industrial, and eco-projects under new policy
Author : PNT Bureau
The Central Government has updated its policy on the disposal of 60,000 acres of unused salt pan lands, facilitating their transfer for various national development projects such as affordable housing and renewable energy. The lands will be leased for 99 years, primarily to government entities. Significant cost reductions have been introduced, allowing land for public infrastructure at just 10% of the guideline value, while conservation projects can acquire land free of charge....
Rajasthan: RHB raises INR 142.54 crore from property sales via e-auctions
Author : PNT Bureau
The Rajasthan Housing Board (RHB) successfully auctioned residential and commercial properties valued at INR 142.54 crore earlier this week. The board expects to generate substantial revenue from various cities, with Jaipur contributing INR 90.70 crore. In previous phases, RHB set records for house sales, including 1,213 homes sold in just 12 days. Following a hiatus after the BJP government took power, the board has resumed auctions, promising ongoing opportunities for the public to benefit from future schemes....
Court rules against housing finance company for withholding property title deed
Author : PNT Bureau
A Bengaluru consumer court has ordered CanFin Homes Ltd to return property documents to a borrower, C Sathyanathan, who had fully repaid his loan. Sathyanathan cleared a loan of INR 60 lakh in 2018, but the company failed to return his documents, citing an unpaid penalty. After reviewing the case, the court found CanFin Homes guilty of service deficiency and ordered them to pay compensation totalling INR 1.3 lakh, along with INR 100 per day until the documents are returned. The company has 45 days to comply with the court's directive....
Ahmedabad civic body approves smaller plot development in Makarba TP Scheme 204
Author : PNT Bureau
The Ahmedabad town planning committee has approved significant modifications to the Makarba TP scheme 204, allowing development permissions for plots as small as 300 square metres in the R3 zone. The scheme, which covers 1,121.19 hectares and includes land for various purposes, will reserve 11.7% of plots for residential and commercial sales. The changes come amidst ongoing controversies regarding past corruption allegations linked to settlement agreements benefiting VVIP landowners....
NCLT orders insolvency process for Jupiter Landscapes amid financial woes
Author : PNT Bureau
The National Company Law Tribunal (NCLT) has initiated the corporate insolvency resolution process (CIRP) for Jupiter Landscapes due to its failure to repay INR 573.98 crore in non-convertible debentures. The Mumbai-based firm, which defaulted on payments since March 2023, attributed its financial struggles to the Covid-19 pandemic and economic challenges. With a total outstanding amount of INR 563.98 crore, the NCLT found sufficient evidence of default and appointed an interim resolution professional to oversee the process. This ruling could either lead to the company's revival or liquidation, highlighting the ongoing challenges faced by the real estate sector....
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