BBMP has proposed to levy (penalty) of 50% of the property tax for the unauthorised structures


The BBMP has finally woken up to initiate the penal proceedings against illegal and unauthorised construction or deviation or violation of the building by-laws, by levying 50% penalty of the existing property taxes on the owners and make the concerned officials and engineers responsible for illegal, unauthorised constructions, violation and deviation from the sanctioned building … Continue reading BBMP has proposed to levy (penalty) of 50% of the property tax for the unauthorised structures

JOINT DEVELOPMENT AGREEMENTS EXECUTED FOR APARTMENTS AND LAYOUTS – UNDER REVISION – STAMPS AND REGISTRATION DEPARTMENT –


THE STAMPS AND REGISTRATION DEPARTMENT HAS DETECTED TAX EVASION IN THE JOINT DEVELOPMENT AGREEMENTS EXECUTED BETWEEN THE LAND LORD AND THE DEVELOPERS AND BUILDERS AND HAS REOPENED THE FILES BY ISSUING NOTICES TO THE CONCERNED LANDLORDS AND THE BUILDERS/DEVELOPERS.IT IS FELT THAT THE DUTY LIABILITY ALONG WITH THE FINE WILL BE IN TUNE OF CRORES … Continue reading JOINT DEVELOPMENT AGREEMENTS EXECUTED FOR APARTMENTS AND LAYOUTS – UNDER REVISION – STAMPS AND REGISTRATION DEPARTMENT –

AKRAMA-SAKRAMA SCHEME MAY BE MODIFIED


THE MUCH AWAITED REGULARISATION SCHEME MIGHT BE REVIEWED AND MODIFIED TO COVER THE ENTIRE SPECTRUM OF DEVIATION, VIOLATION AND IRREGULARITIES UNDER KLR ACT, KMC ACT AND KTCP ACT WITH A VIEW TO SLAP A HEFTY PENALTY, THAT MIGHT DISCOURAGE THE FUTURE VIOLATIONS AND PROVIDE MUCH NEEDED REVENUE TO THE MUNICIPALITIES FOR THE DEVELOPMENT OF INFRASTRUCTURE.  

SALE AGREEMENTS


ONE SIDED AGREEMENTS-UNFAIR AGREEMENTS-BIASED AGREEMENTS, ILLEGAL AGREEMENTS, UNFAIR CLAUSES - BY DEVELOPERS AND BUILDERS IS YOUR BUILDER/DEVELOPER/MARKETING AGENCY COMPELLING YOU TO SIGN OR ENTER INTO SALE AGREEMENTS ON CERTAIN CLAUSES WHICH ARE AGAINST YOUR INTERESTS OR IN FAVOUR OF THE DEVELOPER OR UNFAIR OR ONE SIDED AGREEMENTS OR THE BUILDER DOES NOT AGREE TO MODIFY … Continue reading SALE AGREEMENTS

DLF FINED BY CCI FOR HAVING UNFAIR CLAUSES IN ITS SALE AGREEMENTS TO THE BUYERS OF THE PROPERTIES


THE ORDER The facts of this case and the conduct of the OP-1, as discussed above, particularly the size and resources of OP -1 a n d the duration during which this abuse has continued to the advantage of DLF Ltd. and to the disadvantage of consumers, warrant imposition of a heavy penalty. Keeping, in … Continue reading DLF FINED BY CCI FOR HAVING UNFAIR CLAUSES IN ITS SALE AGREEMENTS TO THE BUYERS OF THE PROPERTIES