Lease violations high in Mumbai suburbs
The nature of the violation would determine the action against the leaseholder
Jun 04, 2013
Source : The Times of India

 

MUMBAI: A review by the collector’s office has found violations on a majority of plots allotted on lease in the suburbs. On plots where the lease has run out, violations have been detected in about 95% of the cases.

 

The violations include unauthorized construction, over consumption of FSI, illegal transfer of lease to third party, and change in use of the plot. Occupants of such plots include celebrities, big business houses, hospitals, high-profile residential societies, trusts and government agencies.

 

The suburban collector’s office has been scrutinizing records of 129 properties where the lease has expired.

 

The review found illegal transfer and unauthorized construction were rampant on leasehold plots in Bandra Bandstand. At least 48 of the 129 plots are in the area.

 

Though the breaches were reported years ago, often there was no action.

 

A revised lease land policy of the government provides occupants the option of either securing occupancy rights by paying a one-time premium or renewing the lease for 30 years by paying revised lease rents. Before an occupant exercises either option, the policy necessitates a scrutiny by the collector for breaches.

 

“The policy requires the collector to take action in case of breach of lease conditions,” collector (suburbs) Sanjay Deshmukh said.

 

The nature of the violation would determine the action against the leaseholder, said officials.

 

A hefty fine might be levied for breaches which can be regularized. Deshmukh said occupants must apply under one of the options by the end of the month to continue holding on to plots.

Latest Realty News

Kalinga Sena demands enquiry on Utkal Builders
Jun 04, 2013
Bhubaneswar : Kalinga Sena supremo Hemant Rath at a Press conference here on Tuesday alleged that the Kolkata-based Rose Valley company, which has also duped lakhs of Odia people of crores of rupees, has invested nearly Rs 50 crore in the Bhubaneswar-based real estate firm Utkal Builders.
Dighi-Dhanori-Lohegaon offers properties in the budget range
Jun 04, 2013
PUNE: The 1.5 km road from Dhanori to Lohegaon, clubbed with nearby Dighi, has witnessed increased real estate activity in recent times. Availability of large land parcels has been a major attraction for many developers to launch their projects along this stretch. Data with MagicBricks.com states that approximately, 10 per cent of the new properties available in the city are along this area.
Bangalore sees high supply of luxury housing units
Jun 04, 2013
BANGALORE: Bangalore real estate market has evolved over the years with the establishment of IT companies and an influx of professionals entering the city from across the globe. Residential real estate market of the city is seeing positive growth not only in terms of demand but also in supply, especially in the luxury segment.
AT agents to come under lens
Jun 04, 2013
BHUBANESWAR: After AT Group's top bosses, police have now decided to turn the heat on agents, who lured gullible investors and collected huge amounts. Police sources said AT Group agents were getting the highest commission, nearly 40%, compared to other money circulation companies in Odisha.
Chit fund judicial probe a cover-up act: KV Singhdeo
Jun 04, 2013
BHUBANESWAR: State BJP president KV Singhdeo on Sunday held the government squarely responsible for the chit fund scam and said the judicial commission instituted by the government is a cover-up exercise. He kicked off the third leg of his statewide mass contact campaign from Keonjhar district.
Thane remains a preferred realty destination of MMR
Jun 04, 2013
MUMBAI: Thane, also known as the lake city, is one of the major urban conglomerations of the Mumbai Metropolitan Region (MMR) and is well connected to all parts of the country by rail and road.
The upcoming middle-class destination
Jun 04, 2013
MUMBAI: The road from Ambernath to Badlapur is flushed with properties suitable for the middle-income buyers who have limited options available in Mumbai. Those looking for residential options in the budget range of Rs 20-40 lakhs can opt for the Ambernath-Badlapur area. They are witnessing an ever-increasing demand for residential properties because of their low property values.
Kochi Metro work to begin on Friday
Jun 04, 2013
Chief Minister Oommen Chandy will inaugurate the construction work of Kochi Metro at a function to be held near Jawaharlal Nehru Stadium, Kaloor at 10.30am on Friday.
Madurai officials seal three buildings for violating norms
Jun 04, 2013
Marurai: Officials from the local planning authority (LPA) on Thursday sealed a multi-storeyed building in the city at Kalavasal that houses a retail supermarket, which was recently inaugurated. Official sources said that the building was constructed without adequate back space whereby rescue operations in case of emergencies would become difficult.
Mumbai got 7,200 new houses in first 3 months of 2013
Jun 04, 2013
MUMBAI: Developers launched 7,226 residential units in the first three months of 2013 in Mumbai, according to the latest quarterly report by global realty firm Cushman and Wakefield.

Latest Realty News Of State

Realty Talk's