Providing Liasoning for Allahabad High Court Cases

A huge number of buyers has purchased property in Noida. Many people are having new bookings, many of them are having property on cash down payment and many have on construction linked plans. Builders have literally looted the buyers. Noida Authority is playing a dummy role and keeping silence on disputes. Builders have done violation of UP apartment act which is not possible without the knowledge of Noida Authority. So one can easily understand what kind of joint ventures are going on.

On the other hand, reach of Allahabad High Court is not easy for all. UP is a big state and there are many cases in Allahabad. On the other hand it is very difficult to find a good Advocate to whom we can trust easily. A Number of Advocates have very less knowledge and without understanding the case, they are fighting cases /otherwise working jointly with opposite party’s Advocate.

One more issue there in Allahabad High Cout is the entry in the Court and entry for Court Room. There are large queues for passes. If you’re the timing for your case is 10.30 it is very difficult to enter in the Court Room with your Advocate because there is a big queue for pass and it is not clear when you will get the pass. It may be on time or after the case proceedings. It is very difficult also to build trust on your Advocate. The Advocates there may join hands with the opponent party’s advocate.

We have gone through all such kind of situations and are also been cheated by our Advocate in a case which was against the Builder. Our Advocate made joined hands with the builder (our opponent) and we could not know about this as we simply trusted him and did not personally attend the court date. Keeping in view all such things, we decided to start Liasoning of Allahabad Cases. We identify some good Advocates there and formed a team with local advocates and also decided to attend the all the court dates in person along with the Advocates for our clients cases.

FOR ADVICE ON PHONE, PLEASE CALL 09773974950

White Deals-Good for NRIs

www.globallinkers.com

India is a country where the appreciation in property is always remarkable. Due to changes in the ruling government in the recent years, there has been a slowdown in the sale/purchase of Real Estate Sector. But in the long run, the investment in this sector is safe and secure. NRI’s always keep their interest to invest their valuable money in India for better prospects. From the Government’s side, there are no obstacles in the way of the NRI’s to make profits from business in India in this Industry. The Government encourages the NRIs to invest their money not only in Real estate industry rather in other Industries too.

NRIs are keen to invest their foreign Currency in Indian property market which they can further buy/sell this property for the best capital value appreciation. This is true also because appreciation of real estate in India is much higher as compared to the growth of Real Estate Industries in other countries. White deals is good for NRIs. So it is hope that in coming future NRI’s investments will be huge.

Real Estate Industry-Future

Real Estate Industry-Future

www.globallinkers.com

A Network of Real Estate People

The advent of new BJP Government and demonetization drastically changed the Real Estate Industry trend. On one hand, the involvement of Black Money in Real Estate business has almost vanished, on the other hand, buyers and sellers have disappeared from the market. But this has led to a new trend of white money transaction in selling and buying the property. Genuine sellers and buyers have occupied their position in place of the financiers who initially took advantage of selling and buying property by putting their stakes with Black Money.

The effect of these changes will be visible in near future in the Real Estate market when the white money transactions will increase rather than Black Money transactions, there will be transparency in the dealings with genuine Buyers, Sellers and Agents coming in this trade.
This is also good for Government with respect to revenues generated through Stamp Duty paid by the Buyers on buying and also revenue will increase through TDS deduction on selling. White money transaction means more revenues.

Government should also consider thinking about reducing the Stamp duty imposed on buying and selling. Finance Companies and banks may also think over to reduce the rate of interest on Home Loans. If all this happens, market could be flooded with more buyers to buy the homes. The future of Real Estate buying/ selling is not bad. Only thing is that, it will take some time to adopt this trend of white money transactions in Real Estate sector. But good thing is that, there will be the genuine Buyers, genuine Sellers and the genuine real estate dealers will be in this trade in the future.

Real Estate in Delhi, NCR, India

Posted by Global Linkers.

http://www.globallinkers.com/

NCR:                 

It was recognized right from 1962 that the problem of shortage in housing and allocating land for institutional purposes could not be met by developments in Delhi alone; therefore, emphasis was put on having a National Capital Region and to develop an integrated plan accordingly.

In 1985, the NCR Planning Board Act came into being, to address the problem of population explosion and development of Delhi and the NCR settlements. While permitting any development and construction, including housing in any settlement of the NCR including Delhi, it was made mandatory to adhere to the land use guidelines. In terms of land use like residential, commercial development; trunk infrastructure like roads, railways, MRTS, waterways, water mains, sewerage, drainage, power and ecological; green belts along highways and other trunk infrastructure have to be shown as per approved plan of that particular utilities by the concerned department.

Source : Times property

Real Estate in Delhi, NCR, India

Posted By Global Linkers

http://www.globallinkers.com/

Delhi’s Zones:

According to the new master plan, Delhi will be mapped using remote sensing and GIS (Global Information System) tools. This would be updated from time to have real-time data of the ground situation. Inputs would be taken from here to detect and prevent unauthorized development and encroachment on public land and facilitate the protection of green belt.

Experts say the zonal plans will detail the policies of the Master Plan 2021 and act as a link between the layout plan and the master plan. The development schemes and the layout plans indicating various land use projects would have to confirm to the master plan and the zonal plans. The zonal plans of the areas would be prepared under Section 8 and processed under Section 10, and simultaneously, the modifications of land use would be processed under Section 11A of the Delhi Development Act, 1957.

Already approved subzonal plans, which are in conformity with the master plan, would continue for the areas where zonal plans have not approved. “No urban activity will be permitted in the proposed urban extension without change of land use/modification to the master plan as per the Delhi Development Act”, Ram Gopal Gupta says. Delhi has a total area of 1,483 sq km, which is divided into 17 planning zones. These are 1,159 hectares in Zone A (Old City); 2,304 hectares in zone B (City Extension and Karol Bagh; 3,953 hecytares in Planning zone C (Civil Line); 6,855 hectares in Zone D (New Delhi); 8,797 hectares in Planning Zone E (East Delhi); 11,985 hectares in Zone F (South Delhi I); 11,865 hectares in planning Zone H (North-west Delhi I); 15,178 hectares in zone J (South Delhi II); 5,782 hectares in Zone K I (West Delhi II); 6,408 hectares in Zone K II (Dwarka); 22,840 hectares in Zone L (West Delhi III); 5,073 hectares in zone M (North West Delhi II); 13,975 hectares in Zone N (North West Delhi III); 8,070 hectares in Zone O (River Yamuna / River Front); 9,866 hectares in Zone P I (Narela), and 8,534 hectares in Zone P II (North Delhi).

Ram Gopal Gupta says: “In the new master plan of Delhi, which has already been approved in February 2007, a policy of large-scale acquisitions, development and disposal of land does not seem to be feasible. Therefore, private partners should come forward to acquire land and develop it, For this, there must be a policy and plan for all land use, including housing, which would address issues like legal documentation, replanning, redevelopment, reconstruction of housing in sub-standard areas like unauthorized colonies, unauthorized regularized colonies, urbanrural villages, census towns, jhuggi clusters, resettlement colonies and slum areas; use of TDR (transfer of development rights) and all the other activities in public-private partnership. There must be transparency at all costs, and information must be disseminated through websites, emails and e-governance.”

Source: Times Property

Real Estate in Delhi, NCR, India

Posted By Global Linkers

http://www.globallinkers.com/

The housands of homebuyers who do not have a permanent address in the national capital will have several options to choose from once the land development policy, which is pending in the urban development ministry, is finalized. Currently, they are dependent on satellite townships of Delhi like Noida, Greater Noida, Ghaziabad, Faridabad, Gurgaon, etc.

According to DDA, Delhi has still 27,628.9 hectares of land to fulfil the dreams of thousand of homebuyers. For this, DDA has earmarked these land zones as J, K1, K2, M, N, L, O, P1 and p2. As per projections worked out in MPD (Master Plan of Delhi), a total of 24 lakh dwelling units are required for a projected population of 23 million by 2021. The break up of this are: 7 lakh up to 2011, 9 lakh between 2011 and 2016, and the rest 8 lakh between 2016 and 2021. This includes new independent plot and redevelopment, group housing, employer housing, housing in unauthorized but regularized colonies, and other housing by upgradation of old areas and traditional villages.

Sources claim that 277 sq km is available for future urbanization till 2021. In the last fifty years, DDA has acquired 75,609.84 hectares and developed it for residential, recreational, commercial and institutional purposes. Now, with better planning, DDA intends to provide more amenities to people. In the last 40 years, DDA constructed 3.5 lakh flats. Despite this, even 1% of the population of Delhi has not been able to buy DDA flats in these years. Due to lack of housing facilities in Delhi, 10 lakh people of Delhi are dependent on nearby satellites towns of the NCR belt.

Records say that 15 years ago, DDA was constructing nearly 10,000 flats every year. But for the last few years, DDA has not been able to construct even 5,000 flats per year. Ram Gopal Gupta, former additional commissioner planning in DDA, says: “There is a huge housing crisis in Delhi and it is only getting worse with the rising population every year. To meet the housing demand, proper policies should be formulated for all the factors that go into the construction industry, namely, land, labour, capital, entrepreneurship, and physical, social, ecological and economic infrastructure. These will be feasible only if rational and scientific policies are adopted at the Centre, state and city-levels by the ministry of urban development, various development authorities, housing boards, cooperative housing societies and the private sector.”

Source: Times property

Real Estate in Delhi, NCR, India

Posted By Global Linkers
http://www.globallinkers.com/