Category: Navi Mumbai Real Estate News

News articles about Real Estate

Illegally ‘redeveloped’ building in Vashi not yet demolished

Mayur
Mayur
Legal Head at Sky Properties
Mayur is a real estate professional based in Navi Mumbai for the past 20 years. His expertise in real estate includes every sphere of the real estate sector from legal to Building Construction to Vastu to home interiors.
When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy.
With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google.
He can be reached on 9987452642
Mayur
Latest posts by Mayur (see all)

The illegally redeveloped building in sector 9,Vashi is yet to be demolished. It helps to remind our readers that this 12 storied building in sector 9 was constructed on the spot of a CIDCO constructed society which was ‘redeveloped’. The commencement certificated for the building was revoked and a 1 month notice was served to the builder DG Shah. He was found to have submitted forged papers and had not got the required clearances from CIDCO. The CIDCO building was the Ashirwad JN type building. A total of 32 families were living in this complex before demolition. The builder had carried out more than 36-40 sq ft of illegal construction on each floor. The developer has apparently approached the court.

Ulwe villagers demand 20 crores per acre for airport land

Mayur
Mayur
Legal Head at Sky Properties
Mayur is a real estate professional based in Navi Mumbai for the past 20 years. His expertise in real estate includes every sphere of the real estate sector from legal to Building Construction to Vastu to home interiors.
When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy.
With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google.
He can be reached on 9987452642
Mayur
Latest posts by Mayur (see all)

A meeting with the villagers of Ulwe on 31 july,2012,ended without a resolution as villagers demanded an astronomical amount of 20 crores per acre or 40% of the surrendered land as compensation. Earlier, CIDCO had acquired most of the Navi Mumbai land from villagers at a rate of 12.5% of the acquired land. The govt had agreed to give them 22% of the land surrendered to CIDCO for the airport but the villagers refused. The villagers have been stalling all land acquisition since last September on this demand. There are 7 villages that are demanding this.Its worth mentioning that the airport was supposed to be functional by 2015,but going the way they are and withdrawal of the environmental clearance by the forest dept of Maharashtra, its anybody’s guess as to whether the airport will ever see the light of day.

Top builders raided for VAT evasion

Mayur
Mayur
Legal Head at Sky Properties
Mayur is a real estate professional based in Navi Mumbai for the past 20 years. His expertise in real estate includes every sphere of the real estate sector from legal to Building Construction to Vastu to home interiors.
When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy.
With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google.
He can be reached on 9987452642
Mayur
Latest posts by Mayur (see all)

The sales tax (VAT) dept of Maharashtra has conducted raids on top builders in the past 2 days and found tax evasion to the tune of 20 crores so far.The builders are supposed to collect this sales tax (VAT) from the flat purchasers and deposit it with the govt.The current rate of VAT is 1% on under-construction properties.Ideally,the flat purchaser should take a reciept from the builder for this.The reciept should have a VAT registration number.This is vital to assure that the buyer will not be left defrauded.In this case it was seen that the builders collected this 1% from the purchasers,but didnt issue any reciept and kept the amount collected from the buyers.20 crores was recovered from the builders which included noted names such as Marathon, Ajmera, Keystone, Bhoomi realty, Naman and Acme,according to some reports.Flat purchasers should insist on this reciept with the sales tax number.Without it,you can say goodbye to your money. Related articles Value Added Taxes Around the World (turbotax.intuit.com)

Builder fined for frivolous plea

Mayur
Mayur
Legal Head at Sky Properties
Mayur is a real estate professional based in Navi Mumbai for the past 20 years. His expertise in real estate includes every sphere of the real estate sector from legal to Building Construction to Vastu to home interiors.
When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy.
With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google.
He can be reached on 9987452642
Mayur
Latest posts by Mayur (see all)

The National consumer forum has fined a builder from Navi Mumbai,Avdhut Construction a sum of Rs 30,000 for filing frivolous petition against the flat purchaser. The buyer,Joy Konnukudi,will get possession of the flat along with 43,000 as compensation. The buyer had agreed to buy a flat measuring 399 sq ft in a building for Rs 5 lakh.The buyer alleged that at the time of completion of the agreement,the builder demanded a further Rs.1 lakh in addition to the agreed amount.The builder failed to execute the sale deed.The buyer also learned that the builder had obtained a loan on the flat in the name of another person. The builder did not attend the hearings on one pretext or the other and finally the consumer court passed an exparte order on aug 8.The builder was ordered to pay 20,400 in interest and 23,000 as compensation for mental harassment. The builder filed a revision petition in the National Panel in 2010,but the court rejected it. Related articles Builder fined for delaying flat posession (navimumbairealestate.org) Fresh trouble for Chavan on tainted Adarsh flat (dailymail.co.uk) Builder liable after taking token money (navimumbairealestate.org)

CIDCO officers caught in another Land Scam

Mayur
Mayur
Legal Head at Sky Properties
Mayur is a real estate professional based in Navi Mumbai for the past 20 years. His expertise in real estate includes every sphere of the real estate sector from legal to Building Construction to Vastu to home interiors.
When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy.
With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google.
He can be reached on 9987452642
Mayur
Latest posts by Mayur (see all)

A new land scam has come to light in CIDCO.Land officers in collusion with Lakshman Tandel,a farmer,forged documents to show that he was dead.,thereby getting a plot for each of his legal heirs under the 12.5% scheme of CIDCO.The plots were in Sector44,Seawoods. The CIDCO officers are Anant Mathuram Dalvi (retired special land acquisition officer),Sheela Moreshwar Joshi (retired land survey officer from CIDCO),Ramesh Sonawane (current land survey officer,CIDCO),Dayanand Tandel (CIDCO clerk),the farmer Mr.Kunda,his wife,sons and married daughters.The case relates to the year 1989 and the case was registered in Belapur Police station. Social activist Sandeep Thakur was the force behind this prosecution.

Maharashtra Housing (Regulation and Development) Bill-2012 passed

Mayur
Mayur
Legal Head at Sky Properties
Mayur is a real estate professional based in Navi Mumbai for the past 20 years. His expertise in real estate includes every sphere of the real estate sector from legal to Building Construction to Vastu to home interiors.
When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy.
With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google.
He can be reached on 9987452642
Mayur
Latest posts by Mayur (see all)

The long awaited ‘tough’ Maharashtra Housing Bill was finally passed by the Maharashtra Assembly on 16th July,2012.The law aims to plug the loopholes in the previous law, namely, Maharashtra Ownership of Flats act-1963.The new bill retains most of the contents of MOFA, but contains additional ‘tough’ provisions.A joint select committee had submitted a report last week, recommending 26 amendments to the originally conceived bill after a public uproar over the ‘mild’ provisions in the earlier draft. After a lot of opposition from the public, the committee was forced to accept the changes as suggested by the people who have been at the receiving end since independence. This law proposes for the first time….. The orders of the authority can be challenged before an appellate tribunal which will be headed by a retired high court judge. Now for the bad news…. It will take another year for the full implementation of this law. It now goes to the president for her assent and after that it will take another 6 months to frame the ‘business’ rules.

Mayur
Mayur
Legal Head at Sky Properties
Mayur is a real estate professional based in Navi Mumbai for the past 20 years. His expertise in real estate includes every sphere of the real estate sector from legal to Building Construction to Vastu to home interiors.
When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy.
With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google.
He can be reached on 9987452642
Mayur
Latest posts by Mayur (see all)

The much touted ADDITIONAL FSI APPROVAL PLANS of NMMC standing committee have come under fresh fire from none other than the Town Planners Association.
It was also revealed that the ‘Professional’ report prepared by CRISIL is nothing but an eyewash.

After studying the said ‘professional’ report, it has come to light that the CRISIL report is far from FOOLPROOF as cited by the ‘guardian’ minister Mr.Ganesh Naik.
The report clearly says that a comprehensive review and study of mass transportation networks is needed to be done. The level of skills needed for such a study is not in the domain of the CRISIL report, it says.
If such a study is not in the domain of CRISIL, then on what basis does the ‘Guardian’ minister Mr.Ganesh Naik say that the report this time is ‘foolproof’?

After studying the tender issued by NMMC it further comes to light that CRISIL was never appointed to study the impact of additional FSI at all but to ‘conduct a survey to revise NMMC’s revised development plan prepared in 2007.

This raises the very very important question : If the study was not for the impact of additional FSI then why did the Minister Ganesh Naik mislead the population of Navi Mumbai ?

Activists and town planners now plan to oppose this tooth and nail.
The present regulation requires a committee comprising of the Municipal commissioner, PWD superintending engineer thane, DY director of town planning at Konkan Bhavan and Chief architect and planner of CIDCO to decide whether the building is really dilapidated and dangerous and hence fit for redevelopment.
The politicians now want to randomly change the composition of this committee so that every employee of the committee is a member of the NMMC so that NCP (the party controlling the NMMC) has a free hand in deciding the fate of Navi Mumbai.

On the face of it, it looks like a conspiracy of the builders and politicians to benefit the builders who will get to sell additional flats in the said buildings without spending money to buy the land.

One can also go in for self redevelopment, but how many people have the resources for that is a question.

This battle has just started, but the conspiracy is evident already.

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