Supertech Declared Insolvent, Home Buyers Affected
Property developer Supertech Ltd collapsed after the national Company Law Tribunal sent a petition filed by Union Bank of India for non-payment of dues. A statement released by Supertech cleared company's projects as financially viable, assuring no loss to buyers. Approximately 25,000 homebuyers are awaiting possession after insolvency. Furthermore, the company said, "The order will not affect operations of any other Supertech Group Company"… read-more
Tags: Supertech, property, Noida, Greater Noida, union bank of india
Courtesy: India Today
Daughters To Inherit Father's Self-Acquired Property In absence Of Legal Heir: SC
The Supreme Court on January 20, stated that the daughters of a male Hindu, dying intestate, would be entitled to inherit the self-acquired properties. She will have rights over properties obtained in the partition by the father and get preference over other collateral members of the family, SC further added. The judgment deals with the property rights of Hindu women and widows under the Hindu Succession Act.
Tags: India, Supreme Court, Legal, property, Women
Courtesy: The Economic Times
Odisha: 63 Yr Old Gives Property, Gold Worth Rs 1 Cr To Rickshaw Puller
Minati Patnaik, a 63-year old woman, was taken care of by a rickshaw puller, Budha Samal and his family as she lost her husband and daughter. Samal and his family have reportedly been taking care of the elderly since 25 years. Reportedly, as per ANI, Minati gave her the two-storey property and gold ornaments "legally… read-more
Tags: Odisha, Charity, gold, property, Human Interest stories
Courtesy: The Indian Express
Reliance Denies Ambani's Family Moving To London
Reliance Industries recently bought a property worth Rs 592 crore in London. Following this, speculations went around about the family relocating to London. In a statement published by Reliance, they denied the "baseless" speculation of Mukesh Ambani's family partly shifting to Stoke Park in London. Furthermore, the statement stated that they would be enhancing the property as a "premier golfing and sporting resort".
Tags: Reliance Industries, Mukesh Ambani, property, london, Ambani
Courtesy: Live Mint
अंडरवर्ल्ड डॉन दाऊद इब्राहिम की कई प्रॉपर्टीज हुई नीलाम
अंडरवर्ल्ड डॉन दाऊद इब्राहिम की रत्नगिरि में 13 सम्पत्तियों में से सात सम्पत्तियों की अक्टूबर 11 को नीलामी हो गयी। सात सम्पत्तियों में से छह सम्पत्तियाँ दाऊद के दो वकीलों को मिली है। भूपेंद्र भरद्वाज को प्रॉपर्टी 4 ,5 ,7 ,8 मिली है, वहीं अजय श्रीवास्तव को प्रॉपटी 6 ,और 9 मिली है। दाऊद की हवेली वकील अजय श्रीवास्तव को मिली है जो कि 11 लाख 20 हजार की बिकी है।
Tags: Dawood Ibrahim, Ratnagiri, property
Courtesy: Ndtv Hindi
Real Estate Boom in Ayodhya After Ram Mandir's 'Bhoomi Pujan'
Property prices have seen a raise in Ayodhya after the Bhumi Pujan of Ram Mandir. Reportedly, Land prices have seen an increase of almost 30-40% since 'Bhumi Pujan' and Supreme Court's verdict in 2019. Vinod Kumar Shrivastava, professor of Awadh University said, "because of hike in prices local administrations put sanctions on new registrations in certain parts of the district as there are some areas which require environment clearance."
Tags: Ram Mandir, Ayodhya, property, Hindu community
Courtesy: Business Standard
Telangana CM Orders to Speed Up the Online Registration of Properties
Telangana CM K Chandrashekar Rao has directed officials to speed-up the process of 'online registration of properties' in the state. Speaking at a meeting about the 'Dharani Portal', he stated that all the residential and non-agricultural properties in both urban and rural areas have to be registered online within 15 days. He told that all the officials should join hands to increase the transparency in maintenance of land records.
Tags: Telangana, K Chandrashekhar Rao, property, online program
Courtesy: Business World
Jammu and Kashmir: Registration Process in Land Sale, Purchase to Go Digital
Jammu and Kashmir government on September 18 launched the National Generic Document Registration System (NGDRS) for online registration of sale, purchase, and transfer of land. Launching the system, Lieutenant Governor Manoj Sinha said that the system will replace the existing manual registration process and in-turn reduce waiting time and increase transparency. Currently, NGDRS covers Srinagar, Jammu, Samba, Kathua, and Udampur, and is… read-more
Tags: Jammu and Kashmir, property, Manoj Sinha, Sales
Courtesy: Business World