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Home in Noida less than 40 Lakh – More Demand, Less Fulfilment

Builders in Noida ExtensionSource: Hindustan Times Estates, Delhi, May 24, 2013

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Gaur City 2 – Avenues and Facilities

Builders in Noida Extension OLYMPUS DIGITAL CAMERA OLYMPUS DIGITAL CAMERA OLYMPUS DIGITAL CAMERA OLYMPUS DIGITAL CAMERA OLYMPUS DIGITAL CAMERA 13 14 OLYMPUS DIGITAL CAMERA OLYMPUS DIGITAL CAMERA 18For any information on Saviour Builders Pvt. Ltd.EMail Us.

Gaur City – Sample Flat

Real Estate Developers & Builders in Delhi NCR

Source: Hindustan Times (HT Estates), May 18, 2013, Page – 7

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Celebrating 18 years of Success over 18,000 Families

Winner of the car in Gaurs 60 Days 60 Cars Carnival

Saviour Builders Pvt. Ltd.Source: Hindustan Times (HT Estates Hindi), May 18, 2013, Page – 5

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Buying property may get easier, govt to amend law

CLEAN DEAL Detailed property records in public domain to ensure transparency.

A big chunk of the stress associated with buying a piece of property could be eliminated if a government proposal to amend the registration act goes through.

Under the amendments proposed by the rural development ministry and due to be taken up by the cabinet soon, all records of future property transactions will be digitised and made easily available for any potential buyer to access.

This means that ownership would be clearly established, as also prices at which the property changed hands, making it easier to value in years to come. The changes, which could be the most significant in the 105-year history of the Act, will benefit buyers in both rural and urban areas.

“The proposed amendments have been cleared by law minister Kapil Sibal. Now, we will seek cabinet clearance,” rural development minister Jairam Ramesh told HT.

He said the new set of amendments, if passed, will ensure the process of registration becomes more transparent and the information available to the public is more detailed and accurate.

Currently, land records and related information are haphazardly managed and difficult to get, often resulting in buyers ending up with a property that’s already been sold to someone else.

This problem was widespread enough to inspire the 2006 Bollywood hit Khosla Ka Ghosla, in which a middle-class retired man faces major hassles in claiming possession of a piece of land he has bought because of a lack of clarity about its actual ownership.

The amendments have been proposed as a supplementary measure to the land acquisition bill. Though the bill is expected to have more of an impact on rural areas, the supplementary measure will benefit potential buyers in cities and towns as well.

Source: Hindustan Times, Delhi, May 16, 2013, Page – 1

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वसीयत को रजिस्टर कराना न भूलें

जरूरी पेपर को संभाल कर रखने की आदत कम ही लोगों में होती है। लेकिन, अगर आप फ्यूचर में किसी तरह की परेशानी में नहीं पड़ना चाहते हैं तो ऐसा करना जरूरी है। हम एक हालिया मामले की मिसाल लेते हैं, जिसका समाधान सुप्रीम कोर्ट में हुआ। अपीलकर्ता नरेंद सिंह राव के पिता ने कागज के एक टुकड़े पर लिखा था कि उनकी मौत के बाद उनकी प्रॉपर्टी पर उनकी पत्नी का अधिकार होगा।

इस पेपर पर सिंगल विटनेस का हस्ताक्षर था और यह रजिस्टर्ड नहीं था। पिता की मौत के बाद उनकी मां ने पूरी प्रॉपर्टी अपने 9 बच्चों में से एक के नाम कर दी। दूसरे भाई-बहनों ने मां की वसीयत को कोर्ट में चुनौती दी। उन्होंने दलील दी कि वह पूरी प्रॉपर्टी की मालकिन नहीं हैं, क्योंकि पिता की वसीयत वैध नहीं है।

सुप्रीम कोर्ट ने इस दलील को सही माना। उसने कहा कि कोई वसीयत तभी वैध होगी, जब इस पर दो गवाहों के हस्ताक्षर होंगे। इस डॉक्युमेंट के जरिए प्रॉपर्टी के ट्रांसफर को वैलिड नहीं माना जा सकता, क्योंकि यह इंडियन रजिस्ट्रेशन ऐक्ट के तहत रजिस्टर्ड नहीं है। सुप्रीम कोर्ट ने नरेंद्र के पिता की वसीयत को वैध नहीं माना और भाई-बहनों के हक में फैसला सुनाया। इस मामले से दो नियमों का पता चलता है, जिनका स्पष्ट जिक्र हमारे कानून में किया गया है। पहला, वसीयत का सही तरीके अटेस्टेशन होना चाहिए। दूसरा, डॉक्युमेंट रजिस्टर्ड होना चाहिए।

वसीयत का अटेस्टेशन

दो गवाहों के हस्ताक्षर के बाद ही वसीयत को अटेस्टेड माना जाता है। हालांकि, उनके लिए एक दूसरे की मौजूदगी में वसीयत पर हस्ताक्षर करना जरूरी नहीं है, लेकिन वसीयत पर आपका हस्ताक्षर उनकी मौजूदगी में होना चाहिए। उन्हें कम से कम इस बात की पहचान करनी होगी कि वसीयत लिखने के लिए आपकी मानसिक स्थिति ठीक है। गवाहों को वसीयत से कोई फायदा नहीं होना चाहिए।

जरूरी है रजिस्ट्रेशन

ऊपर बताए गए मामले का सबसे अहम हिस्सा डॉक्युमेंट के रजिस्ट्रेशन को लेकर सुप्रीम कोर्ट का फैसला है। देश की अदालतों ने समय-समय पर प्रॉपर्टी ट्रांसफर को सिर्फ इसलिए वैध नहीं माना है, क्योंकि इससे संबंधित डॉक्युमेंट रजिस्टर्ड नहीं थे। इंडियन रजिस्ट्रेशन ऐक्ट के सेक्शन 17 में साफ तौर पर कहा गया है कि किसी अचल संपत्ति के ट्रांसफर से जुड़ा डॉक्युमेंट पक्के तौर पर रजिस्टर्ड होना चाहिए। ऐसा नहीं होने पर ट्रांसफर को वैध नहीं माना जाएगा।

2011 के एक मामले में सुप्रीम कोर्ट ने कहा था कि सामान्य पावर ऑफ अटॉर्नी के जरिए अचल संपत्ति के ट्रांसफर को भी अवैध माना जाएगा। इस फैसले से एक नियम बना कि रजिस्टर्ड डीड के जरिए प्रॉपर्टी ट्रांसफर को ही वैध माना जाएगा। अभी तक वसीयत को रजिस्टर्ड कराने की जरूरत नहीं पड़ती थी, भले ही अचल संपत्ति का ट्रांसफर उसका हिस्सा हो। एक्सपर्ट्स का भी कहना है कि आपको अपना डॉक्युमेंट रजिस्टर्ड कराना चाहिए, क्योंकि इससे डील में ट्रांसपेरेंसी आती है।

स्रोत:- इकनॉमिक टाइम्स | May 14, 2013

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Gaursons – Saviour to develop Noida Township

Commercial Property in GhaziabadSource: The Hindu Business Line, April 27, 2013, Page – 19

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Gaursons – Celebrating 18 years of Trust

Buy Flats In Greater Noida

 

Source: Navbharat Times, April 27, 2013, Page – 14_b

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Gaursons-Saviour to invest Rs 5000cr on township in Noida Extension

Realty firm Gaursons and Saviour today said they are jointly developing a 240-acre township in the Noida Extension with an investment of Rs 5,000 crore. 

Gaursons and Saviour would develop about 25,000 housing units in the township ‘Gaur City’ over the next five years. 

“We have got about 240 acre land from local authority for township development. We have so far launched 12,000 homes for sale,” Gaursons India Ltd Managing Director Manoj Gaur told reporters. 

The units are available at an all inclusive price of Rs 3,500-4,000 per sq ft, he added. 

“The total cost to develop the township would be about Rs 5,000 crore,” Gaur said, adding that the investment would be funded through bank debt, advances from customers and internal accruals from both the partners. 

The construction has started in Noida Extension after settlement of land acquisition issues with farmers, he said. 

“We will give possession of about 2,500 flats in 2014. The entire township will be completed in the next five years,” Gaur said. 

Asked about the nature of partnership with Saviour, Gaur said it’s a 50:50 joint venture between the two partners. 

In the township, he said the company will develop a 18- acre sports complex, shopping malls and multiplexes among other infrastructure facilities. 

On completing 18 years of operations, Gaur said that the company would organised a property exhibition for next 60 days for sale of the housing units in this township. It would offer 60 cars and Rs 1 crore as gift in the lucky draw. 

Gaursons has delivered many housing projects in last 18 years mostly in Ghaziabad and Noida.

Source: The Economic Times, New Delhi, 26 Apr, 2013

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18 realty firms under scanner for forgeries, dubious schemes: Government

The finance ministry on Friday said that the government is probing 18 real estate firms across the country for alleged forgeries and running dubious investment schemes. 

In a written reply to a question in Lok Sabha, minister of state for finance Namo Narain Meena gave out the details of the companies against which the government had received complained and taken action for committing various forgeries and launching wrong/dubious investment schemes. 

Ten of these companies had received a clean chit from the SEBI that they were not running collective investment schemes. 

The stock market watchdog was still examining complaints against seven entities while it had found prima facie that two companies were running collective investment scheme and was in the process of taking suitable action against them. 

These two companies are Ecogreen Real Estate India Ltd and Ken Infratech Ltd. Sukhchain Singh, managing director of Delhi-registered Ken Infratech, said his company did not run any collective investment scheme. We have not got any letter from the government enquiring from us, he said. 

Different agencies have already initiated action against another eight companies — Alchemist Infra Reality Ltd, PACL Ltd, KBCL India Ltd, SGS Agro Farm Ltd, RBN Real Estate and Allied India, Maitreya Plotters and Structurals Pvt Ltd, Megacity Bangalore Developers and Builders Pvt Ltd and Sai Prasad Properties Ltd. 

In the case of Jain Housing and Constructions Hyderabad Ltd the company’s reply is awaited. Sebi is still examining complaints against Nicer Green Housing, Imbowers Housing and Infrastructure Ltd, IHI Developers India Ltd, Servehit Housing and Infrastructure Ltd,Taneja Developers and Infrastructure (Panipat) Ltd, Royal Infra Towers Ltd and Maxworth Buildtech Ltd. 

In the case of Alchemist Infra Reality Ltd the Delhi High Court has granted an interim stay against investigation ordered by the finance ministry. 

AC Michael, Vice President – Corporate Communication, at Taneja Developers and Infrastructure said: “Our company is not into chit fund scheme. The concern relates to fully secured Non Convertible Debentures raised through Karvy Realty India Limited. Also, we have not received any notice from SEBI.”

Source: The Economic Times Wealth, New Delhi, April 29, 2013

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