As a part of new initiative “Ease of Doing Business”, BMC is planning to reduce the building permissions from over more than 150 buildings to 70 buildings. However; according to the reports of construction industry, it is“Eyewash” stating that there is need of proper building approvals system in all civic bodies which are dominated by […]
NOC Archive
October 29, 2015 10:00 am
Now onwards Mumbai developers can take the help of private consultants to receive the NOCs
October 15, 2015 10:00 am
Buying a distressed property? Here’s what you should know.
What is a distressed property? Although rare, a distressed property is one where the owner has borrowed against property to acquire the asset and has not been able to repay his debt obligations. If the borrower fails to service the loan for 4-5 consecutive cycles, the property is seized by the bank as collateral. The […]
October 8, 2015 11:00 am
Co-operative Housing Society – Managing Committee. Election / Eligibility etc.
Can a member who has already paid his dues of the society prior to the scrutiny of the nomination contest for election? Yes, if a member paid dues of the society before the scrutiny of the nomination then that member is eligible for contesting the election. What action can be taken against a member of […]
September 30, 2015 10:00 am
Quick guide on legal checks before property purchase
Recently, in an Allahabad High Court ruling, the real estate giant Supertech was asked to demolish its 40-storey tower in Noida. However the company will move the Supreme Court against the order claiming that all necessary approvals from appropriate authorities were in place. The tower was constructed against the mandatory building rules. While the permitted […]
September 22, 2014 12:40 am
No need for NOC from civic authorities for registration of property
At a time when ways to reduce bureaucratic hurdles are being debated across the country, the state government has planned to remove one crucial layer in registration of properties. From now on, registration of property sale deeds will not require no-objection certificate from the local civic authority. Builders had been complaining that such NOCs delayed […]