Nearly 5 lakh residents living on the periphery of theSanjay Gandhi National Park (SGNP) like Thane, Mulund and Vikhroli on the
eastern suburbs and malad, kandivili and Poisar in the western suburbs were
affected by a High Court verdict last year notifying their land. Some huge
housing complexes as well as settlements in existence for over six decades were
declared ‘illegaql’ in the verdict.
Parkash
Paddikal of Mulund-based NGO Hillside Residents Welfare Association (HIRWA),
said, “Based on the CEC’s current suggestions and the Net Present Value for
these lands, we have calculated that residents with OCs may have to pay about
Rs 8-10 lakh to regularize their homes. Considering the pressure we have beenunder for so long, that seems an acceptable suggestion.”
As for
residents without valid OCs, the CEC has agreed to consider their cases after
their applications with details are duly filed, Paddikal said. HIRWA, along
with the NGO Pelople’s Power of Nation, has been fighting for the residents’
rights for long. That seems an acceptable suggestion.”
As for
residents without valid OCs, the CEC has agreed to consider their cases after
their cases after their applications with details are duly filed, Paddikal
said. HIRWA, along with the NGO People’s Power of Nation, has been fighting forthe residents’ rights for long.
Rajendra
Manglurkar, joint secretary of the state Revenue and Forest department, said, “The
illegal forest issue has been hanging in balance for the past 34 years and we
want it to be resolved once for all. If the CEC’s solution is acceptable to thepublic, we are more than happy with it.”
On-time
afforestation charges for forest land residents of pre-2006 buildings
possessing valid occupation certificate or completion certificate Between 10
and 15 times afforestation charges for residents who have booked flats in
buildings under construction 20 times charges for areas which have been bookedfor development but work has not yet begum or is in initial stages.
No
afforestation charges for farmers owning land in non-agricultural regions and
government buildings in private forest lands. The Issue
came to limelight in 2002 after the Bombay Environmental Action Group filed a
petition in the Bombay High Court over encroachment on forest land. In 2005,the government told the HC that there were encroachments on private forestland. While HC ruling went against residents and builders, residentsassociations filed a Special Leave panel was formed.
A Central
Empowered Committee (CEC) has been appointed by the Superme Court on the forest
land issue which is headed by TV Jaikrishna and the Committee is reported to
have visited. Thane, Mulund and Vikhroli on December 30, 2008.
KOLKATA-BASED
Eden City Projects has come up with a new scheme for its residential projects,
which requires an applicant to pay only 15 percent of the cost on allotment and
the remaining amount as monthly installments two years later, on getting the
physical possession of the flat.
“Book now
and start paying in 2011”, seems to the buzzword in the realty space.
Explaningthe scheme, Biswadeep Gupta, General Manager said, “In the scheme calledEmpower all one has to do is to fill up the prescribed application form withrequisite booking amount, which is not very high. Pay 15 percent of the total
value on allotment and sign a home loan agreement with the developer’s home
loan partner (which could be HDFC, ICICI or someone else) and start apying the
rest of the money as equated monthly installments (EMI) only from 2011 onwards,
after the developer actually gives physical possession of flats.
It means one has enough time
to save up for a house. People who pay rent would be spared from the burden of paying
monthly installment also, and no interest would be charged for the interim
period either. Eden City Projects was one of the first to start the scheme when
slowdown set in. Others such as to pay Rs 2.24 lakh as booking amount and start
paying EMI from 2011. Similarly, for a three-bedroom flat of 1,236 sq ft, whose
price is Rs 22.57 lakh, one has to pay a booking amount Rs 3.38Iakh, he said.
Ruchi Realty Holdings, the realtyarm of Ruchi Industries, has also come up with a subvention scheme. Shivam Asthana,
vice- president of Ruchi Realty, said his company has teamed up with HDFC to
offer this subvention scheme. Interestingly, the developers in all such cases
are bearing the burden of pre-EMl interests. For all practical purposes, therefore,
it is all but a heavy discount offered to customers in a different format.
The Bombay
High Court has sent notices
to RBI and others to respond to public interest litigation (PIL) that sought the
court's directive to banks to put up signboards on mortgaged lands on which
construction was being undertaken
A division bench of Chief
Justice and Justice Dhananjay Chandrachud was hearing PIL filed by one Rajendra
Thacker against RBI, Syndicate Bank, Housing Development and Infrastructure (HDIL)
and Enigma Constructions, which issued a brochure under the brand name Rustomjee
Estate. The brochure, however, did not mention that the land was partly mortgagedto a bank.
The petitioner's lawyer
Sumedha Rao said: "We want banks to put up signboards stating that the
land has been mortgaged. Also, the banks should publish a list of properties on
which they have a mortgage or a charge." The petitioner's contention was that
if the land's title was in dispute, the builder cannot 'convey' good and marketable
title of the flat to owners unless the litigation over the title ends. In such
cases, the buyers may get cheated of their rights in the property for which they
have paid full consideration.
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