26 allottees of multiple flats in chief minister's quota face state action
The state government filed an affidavit in the Bombay high court, naming former ministers and legislators as well as a deputy speaker of the assembly and an MP for securing multiple allotments
Sep 03, 2014
Source : The Times of India
Residential Housing Project


MUMBAI: The state government has prepared a list of 26 people, including prominent politicians, who will face action for occupying more than one flat under the chief minister's quota by producing false affidavits. The state found 52 such cases of multiple allotments, but will initiate action against 26.

The state government filed an affidavit in the Bombay high court, naming former ministers and legislators as well as a deputy speaker of the assembly and an MP for securing multiple allotments, most of them in their wives' names.

The state has decided to frame a policy to bar such allotments in future.

The allottees' affidavits, sources said, mentioned that neither they nor their spouses owned a flat. Such an affidavit is necessary before obtaining a flat under the CM's quota as owning more than one house in either the spouse's name or a son aged below 18 is not allowed. The next hearing is on September 9.

Flats under the CM's quota are allotted under 5% and 2% schemes. Under the 5% quota scheme, sources said, 32 allotments were made in 16 names. The state plans to take back 16 allotments and file an FIR against beneficiaries of two flats. The state has served notices to these allottees. Two allotments were cancelled as they surrendered the flats. The state is taking action against 26 of 52 allotments. In another 20 double allotments, flats were obtained in both 2% and 5% quotas. 'They may be allowed to keep the first allotment. The second will be taken back, thus 10 will be withdrawn." RTI activist Ketan Tirodkar said on March 20, HC ruled the GR that does not allow a spouse and a son aged under 18 to own a flat while obtaining benefits under the quota is unconstitutional.

Latest Realty News

Government appoints committee to study SRA in Lake City
Sep 02, 2014
Chief minister Prithviraj Chavan paved the way for implementation of the Slum Redevelopment Authority (SRA) scheme in Thane city on the lines of Mumbai SRA ahead of elections
Brigade, Singapore's GIC to invest $248 mln in Indian property sector
Sep 02, 2014
Indian developer Brigade Enterprises (BRIG.NS) and Singapore's sovereign wealth fund GIC Pte Ltd have agreed to jointly invest 15 billion rupees ($248 million) in residential real estate projects in south India, the companies said
Centre may take up task to please city slum-dwellers
Sep 01, 2014
The state government may have resolved to extend the benefit of slum regularization to more number of colonies in the city, but the BJP government at the Centre does not want to be left behind as it readies to launch a survey of unauthorized colonies and initiate steps to regularize them
Indian home prices fell most in 52 nations, IMF says
Sep 01, 2014
Is India's real estate bubble finally bursting? The International Monetary Fund's recently-launched data series on global housing prices hints at that. Among 52 major markets for which IMF has collated house price data, India has witnessed the steepest fall
Bangalore, Mumbai to Lead Residential Sales Recovery: Knight Frank
Sep 01, 2014
Residential property sales in India have remained sluggish over the past year amid slowing economic growth, high interest rates and high inflation, among others. But analysts see sales volume picking up in the second half of this year (July-December).
PE investment in real estate to cross Rs 12,000 crore
Aug 31, 2014
Private equity investment in real estate sector jumped over two-fold to Rs 4,100 crore in the first six months of 2014 and is likely to cross Rs 12,000 crore by end of the year
Why don't we have enforceable laws instead of creating a real estate regulatory body, asks Anshuman ...
Aug 31, 2014
The Supreme Court's adverse verdicts against two major real estate firms, DLF and Supertech, show consumer activism is at its peak in the business. Do buyers have enough safeguards to protect them in the absence of a regulator for the real estate sector?
Singapore seeks clarity on Modi's smart city concept
Aug 30, 2014
The government of Singapore has sought clarity on India’s concept of smart cities, even as it expressed keenness to invest in Prime Minister Narendra Modi’s grand plan of creating 100 such cities across the country.
State ordinance clears hurdles for conversion of land use in Maharashtra
Aug 30, 2014
To ensure that there are no hurdles for conversion of land use from agricultural to non-agricultural, the state government has issued an ordinance amending the Maharashtra Land Revenue Code, 1966
Realty Expo Offers Resources to NRIs on India’s Housing Market
Aug 30, 2014
Bay Area Indian Americans keen to buy into their homeland got a crash course in property investment at the “Realty India Expo 2014,” held at the Double Tree Hilton Hotel here Aug. 23 and 24

Latest Realty News Of State

Realty Talk's