Bombay High Court to decide on transfer of Lavasa case to green tribunal
Oct 10, 2013
Source : The Economic Times


MUMBAI: The Bombay High Court today said it would decide whether the case pertaining to alleged irregularities by Lavasa township near Pune can be transferred to the National Green Tribunal, set up to handle environment protection related issues.

A division bench of Justices V M Kanade and S C Gupte posted the matter for hearing on November 21.

Lavasa Corporation, a subsidiary of Hindustan Construction CompanyBSE 2.05 % (HCC), had challenged in High Court the November 25, 2010 notice issued by MoEF directing stay on construction for not obtaining mandatory environment clearances before starting the project in 2004.

During earlier hearing in 2011, the High Court had asked the Ministry of Environment and Forest and Lavasa Corporation Ltd to consider approaching NGT.

While the MoEF said the issues raised by Lavasa could be looked into by the tribunal, Lavasa had opposed the suggestion saying that they had approached the High Court in November 2010 and it would be too late to take the dispute to the tribunal at this stage.Some social activists, who had filed public interest litigations challenging the conditional nod given to Lavasa by MoEF later, also argued that the tribunal was not competent to decide on issues raised in their petition about illegalities in the project.

The MoEF had at a later stage, after conducting an inquiry, given clearance to the existing 257 buildings.

Of the total project which was supposed to come up on 5,000 hectares of plot, construction has come up on 700 hectares.

Latest Realty News

Pragmatism to drive Mumbai’s realty growth
Oct 10, 2013
MUMBAI: Statistics may highlight the rising realty inventory but the undercurrent in the Mumbai property market indicates that revival is very much on the cards.
HC seeks status report on illegal construction on govt land
Oct 10, 2013
DELHI: The Delhi High Court has sought status report from DDA and other agencies of city government on a PIL alleging "rampant" illegal construction on public land in and around the capital.
MMRDA ropes in S Korea for eastern Mumbai development planning
Oct 10, 2013
MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) has signed an agreement with South Korea for the preparation of a master plan for developing the eastern parts of the city along the proposed 126-km long Virar-Alibaug multi-modal corridor.
Haryana government rationalises Property Tax
Oct 10, 2013
HARYANA: The Haryana government today rationalised Property Tax rates in areas under municipal corporations.
Asia to invest $150 bn in real estate globally
Oct 10, 2013
DELHI: Asian institutional investors are looking to invest $150 billion in global real estate in the next five years, with a focus on cities like Dubai, London, New York and Sydney, according to a new research.
Charoli delivers ultimate real estate location to Pune
Oct 10, 2013
PUNE: Location is everything in real estate – and never more so than in Pune, one of India’s most exciting and active real estate markets. The Oxford of the East has been steadily gaining a larger and larger share of the country’s IT and ITeS pie, and is now all set to surpass even Bangalore. At the same time, real estate market in Pune is further bolstered by its thriving manufacturing industry as well as education and healthcare sectors.
Crucial realty document is yours only if you pay dues
Oct 10, 2013
MUMBAI: Seeking the copy of a property registration card (PRC) at the land records office can prove to be a costly affair. A PRC is a land record which provides the complete history of past owners as well as current owners. It is an invaluable document for land-owners to prove ownership. With the Right to Information Act, 2005, any citizen can seek the PRC of any plot. It is here that the catch lies.
Andhra real estate body: Realty sector will recover in state soon
Oct 10, 2013
HYDERABAD: Prices of residential and commercial properties in the city are stable even while the state is heading towards bifurcation as the market here is end-user driven, officials of AP Real Estate Developer’s Association (APREDA) assured.
Proper notice must to hike property tax
Oct 10, 2013
MUMBAI: The Brihanmumbai Municipal Corporation cannot hike property tax without serving proper notice on the property’s owner or occupier, the Bombay high court has said. Eleven years after the BMC asked some Girgaum residents to pay extra tax, Justice S S Shinde came to their aid and said the pasting of notice on the property “cannot be accepted”.
Fresh demand for 2.8 million homes in 2013-17 to be seen in top eight Indian cities: Cushman & Wakef...
Oct 10, 2013
DELHI: Top eight cities, including NCR and Mumbai, would witness an additional housing demand of 2.8 million units in the next five years, but supply will lag behind due to economic and regulatory issues, says property consultant Cushman & Wakefield.

Latest Realty News Of State

Realty Talk's