Realtor ends life, partners booked
Jul 08, 2013
Source : The Times of India

 

CHANDIGARH: A 65-year old Mohali-based property dealer, Ajmer Singh, allegedly ended his life in a Sector 22 hotel on Sunday, blaming his four business partners for the extreme step in his suicide note.

Singh, a resident of Phase X in Mohali, had booked a room in the hotel on July 5 and nobody spotted him outside since then. Hotel manager Gulair Singh said they became suspicious when no response came from the room.

Police broke open the door and found Singh lying on the bed. Police said he had consumed a poisonous substance and left a four-page long suicide note, naming his four business partners step. A liquor bottle and a glass were also recovered from near the body.

The body was kept in the mortuary of Government Mult-specialty Hospital in Sector 16. It would be handed over to kin after postmortem examination on Monday.

In his complaint to the police, Parambir Singh, son of the victim, alleged his father was upset due to the attitude of his business partners. Sector 17 station house officer (SHO) Ram Gopal said a case was registered and the role of booked partners was being investigated.

Latest Realty News

CII: Emerging investment hotspots
Jun 25, 2013
DELHI: India has its own unique and integral complexities and business is not an exception to it. Corporations strive for increased efficiency and productivity amidst these complexities. Real estate is an integral ingredient in the formation and growth of all businesses and steadily maturing into a big business itself.
Buying a property just got a bit more cumbersome
Jun 25, 2013
MUMBAI: A common saying goes, to know "stress", organize a person's marriage or endeavor to build a house. Consider the various factors which affect the decision on the purchase or building of a house, they range from vastu, legal documentation, anticipated appreciation in value and maybe even the whims and fancies of the relatives. Clearly, factors which may cost a common man, seeking to obtain a roof over his head, many a nights sleep. Well, thanks to the Finance Act, 2013, the stress has been
Bangkok cheapest office location in Asia; Hong Kong most expensive
Jun 25, 2013
BANGKOK:Bangkok was the cheapest city for office rents in Asia this year, while Hong Kong was the most expensive, an international property consulting company said on Monday.
CREDAI bats for realty reforms with Girija Vyas
Jun 24, 2013
DELHI: Praising the Union Government’s efforts towards real estate reforms, realtors’ apex body Chairman Lalit Jain expressed the hope that the new Housing and Urban Poverty Alleviation Minister Ms. Girija Vyas will continue with the unfinished task of her predecessor Mr Ajay Maken.
How new real estate bill could reshape the realty ecosystem?
Jun 20, 2013
MUMBAI: 1) Project Registration When the Real Estate (Regulation and Development) Bill 2013 comes into effect, all projects will have to be registered with a real estate regulatory authority.
The Bill will be a boon for homebuyers
Jun 19, 2013
MUMBAI: The Real Estate Regulator Bill which was recently approved by the union cabinet, has been several years in the making now and hasn’t had smooth sailing from the start. Apart from inordinate delays, it faced much resistance from the real estate fraternity at initially who were afraid that this Bill would prove to be yet another regulatory bottleneck, rather than a regulation that would empower the industry and its homebuyers.
Road building revival offers rare hope for India infrastructure overhaul
Jun 18, 2013
MUMBAI/DELHI: K. Ramchand, managing director at one of India's biggest road builders, is doing something unusual to help dispel the gloom pervading much of the country's infrastructure sector today: bidding for new projects.
Realty Bill will make homes costlier, says Credai chief
Jun 18, 2013
MUMBAI: The proposed Real Estate Regulatory Bill is “welcome”, but it may make homes more expensive. Mandatory registration of property before advertising is likely to impact smaller players, says C. Shekar Reddy, National President, Confederation of Real Estate Developers Association of India (CREDAI). But pushing for amendments to the Bill is not his only issue. Staving off taxes charged on deemed profits (the differential amount that arises when the registration value of a property is higher
RBI policy will hurt buyer’s sentiment: MCHI-CREDAI
Jun 18, 2013
MUMBAI: The RBI’s decision to keep the Repo and CRR rates unchanged is letting the entire industries in general and housing industry in particular, down considering the slowdown in the economy.
State Credai welcomes bill on real estate
Jun 08, 2013
RAIPUR: Chhattisgarh unit of the Confederation of Real Estate Developers Association of India (Credai) has welcomed the Real Estate Regulatory Bill but said that some of its provisions need to be either amended or removed to protect the interests of both consumers and developers.

Latest Realty News Of State

Realty Talk's