Property Transfer within Family in Haryana

Haryana government has decided to waive stamp duty on transfer of immovable properties among blood relations.  

“The decision will help reduce disputes over property,” chief minister Bhupinder Singh Hooda told the reporters. The decision comes in the wake of the observation that the stamp duty leviable on the transfer of immovable property within family and among blood relations parents, siblings, children, grand children, and spouses leads to disputes and litigation among family members.

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Building’s Terrace Belongs to Residents!

AMumbai consumer forum has observed that the open terrace of a building is the joint property of residents. Not adhering to this is a violation of the provisions of the Maharashtra Ownership of Flats Act (MOFA).

The forum directed industrialist Yash Birla’s Birla Infrastructure Ltd along with Lakshmi Properties Ltd to pay Rs1.25 lakh to an ad hoc committee comprising some residents of a Juhu building for irregularities and illegalities.

The forum admonished the residents who were party to the illegalities and irregularities. It pointed out that they had not only created a dangerous situation for other residents and their properties but also for themselves by such actions.

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Consumer Forum Issues Arrest Warrant

The Noida District Consumer Forum has ordered the arrest of directors of the real estate company Supertech for non-compliance of its order in a consumer complaint requiring that complainants be paid the amounts they were due.

Samyak Misra had booked a flat in Indirapuram Supertech Icon site in December 2006 and made full payment on 18 January 2007. Supertech promised possession of the flat within two years of the receipt of full payment failing which the builder promised to pay an interest of 18% annually for the period of delay. The possession offer was made in February 2010 which meant a delay of 13 months but the company refused to pay the penal interest.

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