Municipal officers to face jail for illegal constructions in their area
Category: Navi Mumbai Real Estate News
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Assault on rule of law : BJP saves Manda Mhatre illegal construction, snubs HC
Manda Mhatre's illegal construction scam covered up and protected by BJP govt
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Great Eastern Summit (Belapur) hit by Conveyance Deed scam
In another ‘Conveyance’ scam of mammoth proportions,the jt.registrar of co-operative societies Mr.Sandeep Deshmukh has appointed a special auditor to probe allegations of swindling against the committee members of Great Eastern Summit ‘A’ . An NGO by the name of Sahayak has alleged that the managing committee obtained Rs 30 Per Sq foot from society members...
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The Shadowy side of Rajeev Chandrasekhar – Defence deals and Media interests
Original story by Newslaundry.com Link here “All Editorial talent to be hired with a summary of bio to be sent to CXO office for views and guidance. The candidate should be; – right of centre in his / her editorial tonality – Pro-India, Pro-Military, – aligned to Chairman’s ideology, – views and should be aware...
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Vasai Society office bearers jailed for refusing NOC to Muslim buyer
9 Managing committee members of the Happpy Jivan Housing Society in Sai Nagar, Vasai (W) got a rude shock when the Manickpur police (Vasai) arrested them for objecting to a flat sale to a member of the Muslim community. The flat owner Mrs.Kantaben Patel (55 yrs) wanted to sell her first floor 2 bhk flat to a Muslim...
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Long Term Capital Gains not re-invested are Taxable : High Court
The Mumbai High Court recently held that Long Term Capital Gains arising from House/Flat sale are taxable if the entire amount is not invested in another real estate purchase or deposited in the appropriate type of Bank Account (as designated by the Govt) during the financial year (1st April to 31st March) in which the...
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Pujit Aggarwal of Orbit Corporation arrested for fraud
Realty firm Orbit’s MD, Pujit Aggarwal was arrested on Monday, 12th September, for a fraud and cheating case registered by a firm called Capri Global Capital. The firm, Capri Global Capital had booked 3 flats in Orbit’s Sakinaka project called Orbit Residency Park.The said project was mortgaged to Life Insurance Corporation in 2008 itself . According...
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Joint owner not liable to pay Tax if no amount paid from his/her account for purchase of property
The Mumbai Income Tax Appellate Tribunal has ruled that Joint owners of properties by mere name cannot be held liable for Tax liabilities if the purchase of the property was not financed by him/her.Many people/couples purchase flats/properties in Joint names for convenience and security sake,but the money is paid entirely by one of the parties....
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‘Builder’ couple cheats home buyers in Turbhe
Builder couple cheats flat buyers in Turbhe, Navi Mumbai and absconds with money
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Banks face huge defaults as Real Estate sector faces meltdown
With sales refusing to pickup and the economy in dire straits,its no secret that the real estate sector is in a severe recession.Not only have new projects failed to find any takers,even the old ones are struggling to survive.That the builders are in a severe mess is evident by the ongoing public outcry,court cases,media coverage,street...