Geelani donates property to trust consisting kith and kin
Jan 27, 2014
Source : Business Standard


SRINAGAR: The issue of donation of property by Hurriyat Conference leader Syed Ali Shah Geelani to a trust has taken a new twist with Jamaat-e-Islami claiming ownership of the property.

JEI, a socio-religious political organisation to which Geelani was affiliated for several decades before forming his own party in 2004-05, snubbed the octogenarian leader claiming the ownership of the donated property.

"The property at Rehmatabad (locality of) Hyderpora currently being used by Syed Ali Geelani for residential and official purposes actually belongs to Jama'at-e-Islami Jammu and Kashmir and after Geelani Sahib, Jama'at will be authorised to take any decision about it," the JEI said in a statement.

It has also decided to send a delegation with a letter of Jamaat Chief to Geelani to verify the facts regarding the donation of the said property to the trust.

Geelani's elder son Naem Zaffar Geelani and his son-in-law Altaf Ahmad Shah are among the eight trustees of 'Mili Trust', formed on December 13, 2013, according to the trust deed registered in a local court.

The other members of the "Milli trust" include Geelani's close associates Mohammad Ashraf Khan, alias Seharai, Shah Wali Mohammad, Raja Mehraj-ud-din Kalwal, Mohammad Akbar Khanday, alias Ayaz Akbar, Bashir Ahmad Bhat, alias Peer Saifullah and Mohammad Yousuf Sofi, alias Mujahid.

Geelani announced donating his residential and office property, located in the posh Hyderpora area on the Srinagar Airport road, to the trust as his "stand for accountability".

While Geelani's son Naem is a doctor by profession who returned to Kashmir in November 2010 from Pakistan after living there for a decade, his son-in-law Shah is a businessman as well as a lawyer.

Geelani is the founder trustee as well as the patron and lifelong Chairman of the newly-formed trust.

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.
Real Estate Regulatory Bill may become breeding ground of corruption, says CREDAI chairman
Jun 06, 2013
MUMBAI: Stating that the Real Estate Regulatory Bill approved by the Union Cabinet seeks to whip only errant developers, realtors apex body CREDAI Chairman Mr. Lalit Kumar Jain has expressed fear that it could encourage corruption instead of curtailing the social menace.

Latest Realty News Of State

Realty Talk's