Builders continue to violate norms in Mumbai
Nov 12, 2013
Source : The Times of India


MUMBAI: At a time the BMC is preparing to demolish unauthorized flats in Worli’s Campa Cola society, experts say the authorities continue to turn a blind eye to other building violations in the city.

A controversial building on Pali Hill, Bandra, has been allowed to be occupied though it does not have an occupation certificate (OC). The same is the case with another plush residential tower at Nepean Sea Road where many buyers have moved in despite no OC. The building is believed to have violated coastal regulation zone (CRZ) norms. Elsewhere, developers continue to misuse fire refuge areas and sell them illegally as part of flats. In one upcoming residential tower in central Mumbai, a builder has constructed 8,000 sq ft of fire refuge area on each floor with an intention to sell the space later.

“What will the Campa Cola demolition achieve? If there was some wisdom to be gained and translated into robust procedures to nip such violations in the bud by demolishing additional floors in Campa Cola, then by all means this should be done. But such does not seem to be the case,” said environmental activist Rishi Aggarwal.

He said one way of handling such violations is making public disclosure of the plans and layouts of each new construction on a ward-wise basis. “All such information should be displayed online. This will enable activists, vigilance authorities and others to bring irregularities to notice. It will act as a big deterrent for architects and builders. Buyers will also have peace of mind.”

Real estate expert Pranay Vakil rued the lack of natural justice in the Campa Cola case. “One cannot transfer the entire blame on to the buyer. To punish buyers alone is not fair. Levy a penalty on them, but do not evict them from their homes,” he said.

Former advocate general Ravi Kadam said flat buyers aren’t always well-educated and well-informed. “Since the government has announced a new housing regulator, it should be obligatory for builders to get approvals from him before advertising flat sales. Any breach should invite criminal consequences and hefty fines.”

Housing activist Chandrashekhar Prabhu said the Campa Cola case should be a warning to all flat buyers against dealing with builders with dubious reputations. “The residents knew about the underworld antecedents of some of those involved in the project.”

Builder Sunil Mantri said developers should not get involved with unauthorised work at all, however profitable it may be. I expect stringent checks by authorities; architects should be empowered to approve building plans. For buyers, we need to create a mechanism like an insurance where they can be protected against such malpractices,” he said.

Latest Realty News

Rental values largely stable in Mumbai in Q3 2013, says CBRE
Nov 12, 2013
MUMBAI: Mumbai witnessed sluggish commercial leasing activity during the third quarter of 2013. The micro markets of Lower Parel, Thane and Navi Mumbai witnessed high traction and were the preferred regions for office space leasing. Rental values in Mumbai remained largely stable with marginal dip in the central business district (CBD) and alternative business district (ABD) locations, according to the findings of CBRE’s latest report, India Office Market View Q3 2013.
Rentals to remain under pressure on lower supply: Experts
Nov 12, 2013
MUMBAI: Decline in supply of additional office space is likely to put pressure on rental values in the coming quarters, even as the demand is expected to be moderate, industry experts say.
Part 1: De-mystifying capital gains
Nov 12, 2013
MUMBAI: The Income-tax Act defines “Capital Asset” as property of any kind held by an assessee, whether or not connected with business of profession. This may include various kinds of properties such as real estate, equity shares, bonds, jewellery, paintings, art etc.
Noose to tighten on misuse of POA for land deals
Nov 11, 2013
MUMBAI: The central government will tighten the noose on individuals using the power of attorney (POA) for fraudulent land deals. The POA authorizes a person to carry out transactions or act legally on behalf of another.
Fall in recovery of stolen property
Nov 11, 2013
MUMBAI: A National Crime Records Bureau (NCRB) report has shown a decrease in recovery of property stolen in the country, with 19.5% in 2012, against 28.5% in 2011. It has shown a sharp fall in recovery in Maharashtra with 1.6% in 2012 against 12.1% in 2011.
Govt clamps down on fraud by impersonation in property deals
Nov 11, 2013
MUMBAI: The stamp duty and registration department has introduced rules to curb an alarming rise in fraud by impersonation in property transactions.
90% of buildings inspected in Mumbai suburbs flouted fire norms
Nov 11, 2013
MUMBAI: Suburban buildings are face a greater risk from fire, according to data from a fire brigade audit of residential and commercial buildings in the city this year.
Rentals to remain under pressure on lower supply: Experts
Nov 10, 2013
MUMBAI: Decline in supply of additional office space is likely to put pressure on rental values in the coming quarters, even as the demand is expected to be moderate, industry experts say.
Housing ads on web portal say ‘Muslims not allowed’, taken off
Nov 09, 2013
MUMBAI: In a clear case of religious discrimination, a private real estate agency had placed advertisements for properties in a web portal that carried a rider — “Muslims not allowed” — with them. The advertisements, reportedly put up sometime last week, were pulled out Thursday morning.
A new law must to protect flat buyers’ interest
Nov 08, 2013
MUMBAI: The Campa Cola case highlighted the lack of law to protect hapless flat buyers, said legal experts.

Latest Realty News Of State

Realty Talk's