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Sand mining leases around Vadodara’s Orsang River suspended

VADODARA: The district administration of Chhota Udepur suspended 11 sand mining leases in Orsang River at Ahladpura village in Bodeli taluka as the mining activities in the river have posed danger to aqueduct of main Narmada canal passing from there.

The Narmada Nigam authorities had written to the district collector to cancel the mining leases in the Orsang River as the activities had increased the depth of the river bed, exposing the foundation piles of the aqueduct, which passes over the Orsang River at Ahladpura village in Bodeli taluka. The Narmada Nigam had asked the district administration to cancel the leases in five km area around the aqueduct as even some of the foundation pillars were even damaged due to exposure, the letter stated which was written in December last year.

The district administration earlier this month, on the basis of the complaint received from Narmada Nigam, suspended 11 leases that were operating near the aqueduct. Later on the orders of the Chhota Udepur collector Vijay Kharadi, an area of 500 metres upstream and downstream of the aqueduct was also marked.

“A notification of mines and minerals department bars sand mining activities 500 metres upstream and downstream of an irrigation project or a bridge so we have already marked that area after suspending the leases. Now we are waiting for a technical report from Narmada Nigam and once that is received, we will forward it to mines and minerals department for further action,” said Kharadi.

A senior district administration official told TOI that they are also contemplating on declaring the area around the aqueduct as no-mining zone. However, a formal decision has not been taken on it.

The aqueduct was built around 2001 so that the water of the main canal can cross over the Orsang River.

Chandigarh and Punjab units of BJP yet to pay Rs 23.51 lakh property tax

CHANDIGARH: Both Chandigarh and Punjab units of BJP have yet to pay property tax of Rs 23.51 lakh for their office buildings to the municipal corporation (MC), prompting the tax branch of the civic body to send them a final notice on Friday.

Both have been given time till March 15 to deposit the tax or else their buildings would be sealed.

On the other hand, the Congress has paid its property tax.

“The Chandigarh and Punjab Congress had to pay Rs 4.71 lakh and Rs 15.52 lakh, respectively. While Chandigarh Congress has paid the full amount, Punjab Congress paid Rs 6 lakh. It has sought exemption for the rest of amount, which we have refused,” said an official of the MC. “The Chandigarh and Punjab BJP have to pay Rs 7.13 lakh and 16.38 lakh, respectively. None of the BJP offices has paid even a single penny. So, we sent the final notice,” he said. Sources said both the BJP units did not pay the amount since the inception of the offices in the city.

The tax branch of the MC has also sent property tax notices to two Guru Ravidass Bhawan, Sector 20, and Gurdwara Sarai in Sector 15. “We have served Rs 11.90 lakh notice on Guru Ravidas Bhawan, while Gurdwara Sarai has been told to pay Rs 22.75 lakh tax. Since both these buildings come under the tax ambit, we sent the notice after calculating the areas if the concerned buildings,” an official said.

Deadline to register projects under Goa RERA extended

PANAJI: A mere four projects and six real estate agents have been able to obtain registration under the Goa Real Estate Regulatory Authority, Goa RERA website indicates, with several real estate developers and realtors warning that sluggish registration could bring the real estate market to a standstill in the state.

Goa RERA appears to be struggling to process the registrations that have come in. To ensure that realtors and real estate developers do not suffer, the department of urban development has extended the deadline for ongoing projects to register online by another month.

This is the fourth extension given under Section 59(1) of Real Estate (Regulation and Development) Act, 2016 and Section 4 of Goa Real Estate (Regulation and Development) (Registration of Real Estate Projects, Registration of Real Estate agents, Rates of Interest and Disclosures on Website) Rules, 2017.

Till March 23, ongoing real estate projects can continue to register under Goa Real Estate Regulatory Authority (RERA) without fear of a penalty.

“However, applications for registration can be uploaded till March 31 but with a penalty of Rs 50,000,” secretary for urban development and interim RERA authority for Goa Sudhir Mahajan said in the circular.

RERA is an important legislation aimed at monitoring builders and their construction projects. The primary purpose of the Act is to restore confidence of consumers in the real estate sector by establishing transparency and accountability.

The RERA website was launched in mid-January and realtors and builders were allowed to register their projects.

Important legal documents that home buyers should be aware of before buying a property

Important legal documents that home buyers should be aware of before buying a property

Buying real estate property can be an expensive affair and it is next to impossible to buy a house without financial assistance. It is therefore necessary to take precautions and ensure that the hard earned money invested into such property is not only safe but secured to the fullest extent. This highlights the need for a proper due diligence. Also, a purchaser needs to be aware of the following the basic legal documents before purchasing an immovable property:

Author: Aradhana Bhansali, partner, Rajani Associates & Amit Kolekar, Principal Associate, Rajani Associates
Original Title Documents

The title documents means the flow of title devolution from one owner to another and culminating with the current owner/ seller who is selling the property. In case the original title documents are not with the seller, then there are chances that the title documents are deposited with the banks/ financial institution for the purpose of creation of mortgage and the same also needs to be verified by the purchaser.
Search Report

The title search report is usually issued by the search clerk after conducting searches in the offices of the concerned sub-registrar of assurances, to verify the entries on record in relation to the subject property, and by virtue of that, one can trace of the flow/ devolution of title as mentioned aforesaid. Additionally, the search clerk also reports, as to whether there is any Lis Pendens (pending litigation) notice registered with the office of concerned sub-registrar of assurances.
Title Certificate

Title Certificate is issued by an Advocate based on the Title Search Report and the title documents verified by the Advocate in respect of the subject property. The Advocate should ideally also search in the concerned Courts as to whether any litigation is pending in relation to the subject property. Such a certificate should also cover the claims, if any received, in response to the public notice issued in the local newspapers, to be published, one in English and other in the Regional language.
No Due Certificate

No Due Certificate is issued by banks/ financial institution after repayment of the loan and clearance of charge/ mortgage by the banks/ financial institution, so as to rule out any claims by the Banks and to assure that the subject property is free from encumbrance.
Sanctioned Layout Plans

It means the layout plans of the structure, which has been duly sanctioned/ approved by the concerned competent authority including the municipal corporation. In case the subject structure is not in terms of the sanctioned layout plans, then it is not advisable to purchase such property, since it is a clear indication of violation of the sanctioned layout plans and applicable laws.
Occupation Certificate

The occupation certificate is issued by the corporation, certifying that the subject property/ structures constructed upto relevant floors of the building, can be occupied by the purchaser. This indicates that the developer/ erstwhile owner/ seller has constructed the structure in terms of the sanctioned layout plans and has also complied with various other building norms and obligations.
Bills and Receipts

Latest Property Tax bills, Electricity bills, maintenance bills together with the paid receipts should be verified, since the same clarifies about the arrears, if any, in relation to the subject property.

For Purchase of Land

In case of purchase of land, in addition to some of the above mentioned documents, one must also verify (i) 7/12 Extracts: This document indicates the name of the owner, name of the person having other rights such as, lessee/ mortgagee, the area admeasurements and cultivation in the land, and/ or (ii) Mutation Entries: This document records entries regarding devolution of title in relation to the subject property.

 

Indiabulls Real Estate to seek sShareholders nod for Office Leasing Business stake sale

MUMBAI: Indiabulls Real Estate will be seeking its shareholders’ approval for divesting stake in its commercial leasing business and assets in Chennai on March 23, the company said in a regulatory filing.

Indiabulls Real Estate has already announced that it is aiming to induct an institutional investor into its commercial leasing business by the end of current financial year.

The realty developer has moved further with its proposed reorganization of its commercial leasing business authorizing the execution of non-binding documents with third party institutional investor.

ET has reported earlier that Blackstone Group is set to buy a 49% stake in Indiabulls Real Estate’s office rental business in a $600-650 million deal.

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