Banking: Proof of Address for Bank Accounts
According to a Central government gazette notification, the following documents will be accepted as proof of address for bank accounts:
a) Utility bill, not more than two months old, of any service provider (electricity, telephone, post-paid mobile phone, piped gas, water);
b) Property or municipal tax receipt;
c) Bank account or post-office savings bank account statement;
d) Pension or family pension payment orders (PPOs) issued to retired employees by government departments or public sector undertakings, if they contain the address;
e) Letter of allotment of accommodation from employer issued by state or Central government departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies. Similarly, leave & licence agreements with such employers allotting official accommodation; and
f) Documents issued by government departments of foreign jurisdiction and letter issued by a foreign embassy or mission in India.

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Real Estate: Builders Giving Less Carpet Area than Promised Likely To Be Prosecuted
The Legal Metrology Department (LMD) has shot off letters to the Mumbai police commissioner and commissioner of Brihanmumbai Municipal Corporation (BMC) asking them to take action on builders who give less carpet area to buyers than what is promised in the agreement. LMD is currently probing 16 such cases.
 
In December 2014, LMD had seized one flat in a building at Mulund (a Mumbai suburb). This action was taken on the basis of a complaint by an interior designer who approached LMD stating that he had got less carpet area for his flat than what was set down in the purchase agreement. The department got in touch with the builder Kamalnath Universal Private Limited and, later, seized a flat in Purvanchal Cooperative Housing Society. It was found that the carpet area of the flat was claimed to be 50.17 sq m. The panchnama carried out by LMD revealed that the area of the flat was less than promised by 3.7262 sq m.

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Real Estate: Unitech Asked To Pay for Delay
National Consumer Disputes Redressal Commission (NCDRC) directed realty major Unitech to pay compensation to buyers for delay in delivery of flats. The new delivery dates promised by Unitech are between February 2016 and February 2018. NCDRC also ruled that any delay beyond the new deadline promised will draw compensation at 18% per annum.
 
In the last hearing of the case on 1st June, the apex consumer court had rejected Unitech counsel Sunil Goel’s contention that it did not have the jurisdiction to surpass the builder-buyer agreement. NCDRC said that any unfair trade practice can be challenged.

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