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Mega complex with 418 pads in Kalyan to be wrecked

KALYAN: Up to two thousand individuals living subsequent to 2004 in an expansive private complex in an upscale area here could be left without a rooftop over their head after the downpours as the nearby metro body has requested its pulverization.

Following up on a grumbling sent by the CM Devendra Fadnavis-headed urban advancement office, Kalyan-Dombivli Municipal Corporation boss E Ravindran found that the developers of Mohan Regency Complex had usurped the area from its proprietor and has scratched off the “initiation authentication” issued to the complex.

Shell-stunned families living in the 418 pads of the 18 ground-in addition to seven story structures are wanting to take lawful recovery their pads. “We purchased our pads on advance and banks never give credit if a building is unlawful. Here the offenders are the developers and urban authorities who had intrigued with them. Why ought to our homes be annihilated? Why if we be rebuffed for no shortcoming of our own,” said an occupant who did not have any desire to be named.

“The choice taken by KDMC is stunning for us and we are going to hold a meeting of society individuals to make lawful strides,” said Vinayak Ingle, the lodging society delegate. There are a few shops too in the complex.

The case has echoes of Worli’s Campa Cola Society, where manufacturers set up additional floors ignoring all principles in conspiracy with community authorities. The occupants after a long legitimate battle appear to have earned a respite for their pads.

Ravindran told TOI: “The arrangement of the building has been wiped out and the way toward recording a FIR against those included, including the manufacturers and those included from our specialization, is on. We will start the decimation procedure once the stormy season gets over.”

On July 11, Ravindran said in his request after a test that Mohan Regency Complex was built in the wake of introducing a fake force of lawyer on March 16, 2000. KDMC sources clarified that metro authorities of the town arranging office, in conspiracy with manufacturers Mahesh Lalchandani of Mohan Regency Complex and Vikram Shah, Nilesh Parekh, Govardhan Patel, Nagin Patel and Rawal of Mumbai Landmark Construction made a force of lawyer, taking ceaselessly the improvement rights to seven sections of land of area having a place with Kasam Rajkotwala, who had passed away, without educating his family.

Rajkotwala’s little girl Anjum Khan had moved the city body, yet nobody helped her. Things began moving after Shreenivas Ghanekar, a lobbyist, took up the case in 2012. He got all the data and whined to the Economic Offenses Wing, Thane. It sent the case to the UD division.

“We are glad that KDMC has at any rate pronounced the structures illicit by scratching off the consent. Presently we need further activity,” said Khan.

Search, Research, Invest, Re-invest in real estate sector of Kolkata for healthier amount of profit

A professional property portal in Kolkata is the most reliable real estate agent for the recent Kolkata asset buyers. People have to have decent knowledge before investing in real estate market. Investors expected a ground-breaking development from the union Govt. Changes are happening gradually but there is no such miraculous growth in the current real estate market in India. Before investing on real estate market you have to be sure of your investment. In India 6-8% of the GDP comes from real estate industry and the growth of the real estate industry highly confide in the stock market escalation. Now stock market is more or less in a stable shape, as a result liquidity inflow is slowly rolling over. You need to understand one thing clearly after any inflation arises in the stock market the development in real estate industry needs minimum 6-7 months gap to get in motion. This much patience every investor should have before such big investment.

Property portals are the most interesting offering of the real estate companies. Since web influence has been observed in almost every field, real estate industry had made the entire property requirement and the entire process of transaction online. That is what we call a real estate property portal. Initially people used to spend a wholesome amount of money after the print media for publishing property ads. Then they had to go through many out of the link random calls from the buyers. With the introduction of the property portals in Kolkata people have got the ultimate tool for property hunting. A professional property portal not only has an enlarged property list of its own country but have a good hold in properties of abroad too. A genuine property list provides recent image, description, price, and comparison of price, location and every other tit-bits of property. Let’s have a glance at the advantages of property portals have brought into our lives-

• Advertising property on internet makes the proposal more explanatory
• Tones down the big expenses after small print ads
• Video clips, data base, collection of various types of real estate items is drawing immediate attention of probable homebuyers
• Features like chat messengers and 24*7 customer service serve instant and impromptu answer of property related queries
• Builds an instant communication between buyer and the seller
• Convenient, time saving tool for searching properties online than manually doing rounds around real estate offices
• Reduce the dependence level of real estate agents and other mediator third party for the transaction and documentation
• Buyers can actually search and compare properties based on price, locality and features
• Property registration, property loans, interior designer every required facility under a single site
• Buyers can choose the better online property portal from the valuable feedback of other buyers, which means there is a feedback section for registered users
• Buyers can actually get a global exposure and the best profitable discount

Is this the apt time for investing in Kolkata’s real estate market?

Team Liyans scrutinizes the current real estate market of Kolkata whether it’s the perfect time for investment or not. We have always seen number of questions coming from frequent eager buyers enquiring about various real estate properties in Kolkata. It shows current property market in Kolkata still has some potential investors. But that does never mean all these enquiries will turn into fruitful investments. Due to global economic meltdown there has been a general slowdown and crosscutting in every sector of primetime investments. This drift is very much evident in Kolkata too.

According to the latest development builders of Kolkata are moving towards developing economical ranged real estate properties with every modern amenity and word-class construction this is because of HUPA project called House for all. Govt has promised to deliver affordable homes for middle and lower middle income group in Kolkata within 2022. This step out might unblock the stagnancy in real estate market. Previously there was disapprobation as there used to be a low number of middle income group in the metro city coming all the way from the suburbs. But with the emerging time people from lower income group started relocating to Kolkata for the better lifestyle and bigger facilities as Kolkata is the centre of business and transport connectivity. But at present time Kolkata is well connected with suburbs. There has been a remarkable change in this scenario. Kolkata developers are following footsteps Mumbai, Chennai, Bangalore in terms of constructing contemporary properties.

Still there are properties in Kolkata which are meant for the upper crest. The real estate growth only protracts when the price of the property comes within every income groups’ reach. For example- there are lots of fascinating high ending residential properties sale in kolkata. Flats in Ballygunge are being crafted under the expertise of distinguished real estate builders and developers and they are focusing on drawing investment from the elite income group of the society- with advanced amenities like- pools, parks, greeneries, sophisticated parking lots, aristocratic club houses, highly equipped gyms, gardens and list goes on. Having said that only Kolkata’s real estate market can only give you best deal in buying properties till this time than other.

Infrastructure- a major reason behind real estate investment

‘Market Drivers’- is a proverbial phrase for every real estate investors. Market divers are those essential elements which help to advance the location value and make it a desirable place to reside over. It is a well-known fact that infrastructure plays a major role in boosting an area’s worth for developing high class residential real estate properties. Residential property sale in Kolkata is a hit recipe from the house of the leading property portals in Kolkata. Here we can discover the actual difference between the prices of real estate properties based on the area infrastructure.
Infrastructure has different types. Connectivity of the area as in the main roads that are hooking up the location is supposed to be a key infrastructure in terms of gradation of the locality according to the level of expediency. There is also civic infrastructure which signifies the public services and support in that region.

In India preliminary levelled services like pure water and electricity deliverance have also positive impacts on making a locality popular choice for setting-up high-performing residential projects. Social infrastructure is another aspect which accounts for the precision of that area. Along with the easiness of transport availability and civic coverage the accessibility of hospitals, schools, colleges, shopping malls is a must need in today’s fast pacing lifestyle. As we all can see infrastructure of an area drives homebuyers towards making a particular zone of the city into a bigger and happening residential investment zone.
The global standard for urbanization is so evident in most developed countries that only for the fulfilment of this criterion high-classed infrastructure is a must need for having an entire urban and advanced real estate build-up. A developed infrastructure can only open a huge prospect for the large-scale real estate enlargement. But it never means creating improved infrastructure for these upcoming projects would cause obstacle in local transport or restrict daily movement of the current inhabitants. Retrospective constructions have many examples of polluting the environment during the time of their build up, this is nothing but endangering lives of current residents in the name of future growth and prosperity.

Modern residential real estate concept imparts creating a supportive infrastructure which boosts-up the status of lifestyle and other economic functions has been majorly setting up under a vast green coverage for diminishing the probable health hazards of the inhabitants. Without proper empty space a big real estate investment can never stand tall. The presence of greeneries and high-headed trees are so essential to set the deep roots against maximum penetration to get a good hold on ground water for developing a natural earthquake resistant build-up. Lack of space and time this entire forestation and infrastructure development can never be set in function. Homebuyers who are looking establishment nearby their working field will simultaneously can invest these green properties to have an elevate lifestyle inside a natural set-up. Thus in a busy metro like Kolkata flats in Rajarhat have achieved the biggest level of popularity for the giant residential projects and other major real estate investments.

The winds of change- buyers are driving profit under the nose of builders

In recent past a Mumbaibased lady gynaecologist Sudha Seth and her surgeon husband Mr. Naren put their heart and soul together on ink and white as for the past 5 long years they have been writing mails and letters against the robust property builder Lodha Developers to the National Consumer Commission. Finally after 5 years they are under a shining sun with a favourable verdict. For a renowned builder having a bunch of good advocates for his defence is just a matter of pressing buttons of mobile. But the consumers it’s like a mouse that fears of a giant flying hawk. The verdict came when the couple left every expectation for getting positive justice.

The Seths are amongst several homebuyers who have gone against real estate builders and have won cases in the National Consumer Disputes Redressal Commission in the recent times. While there is no record of how many verdicts have been gone in the favour of homebuyers. The commission received over 1700 housing related cases in 2014-15. The National Commission’s jurisdiction (in Housing) is higher than 1 crore. Most of the urban apartments of our times are priced above that mark; so they make it to the apex consumer court easily. Also complaints against builders have become a regular sore- this is the way the real estate expert lawyers think. Usually homebuyers have limited options after they realize that they have been made ninny by the fussy builders. They can either go to district, state or national level commission depending on the value of their asset else file a criminal suit. There is a common traits of these complains- 1. Delay in delivery 2. Fraudulent agreements 3. Additional money claiming for parking plot 4. Faulty construction 5. Unreasonable maintenance charges or 6. Delay in registration of booked property etc.

About the legal route– Consumer courts are there to help endangered consumers. They are bound by the consumer protection laws of the land. The court shouldn’t be biased, but have to give fair and patient hearing to the consumers. For example the builders impose 18% interest on payments due from homebuyers. Now when there is any case related to this concern to bring impartiality consumer courts direct builders to pay same rate of interest in case if he delays in handing over the property. Generally builders pay 4-6% interest for project delays. To prevent builders from further delay on not attending any session of hearing Commission has the right to fine them 10-20000 per missed hearing. Consumers can apply in civil court too.

The impact of new law– With the implementation of RERA people can expect more transparency between buyers and the builders which will boost up consumers’ level of confidence towards Indian real estate laws. RERA mandates every builder to register their project with state real estate regulatory authority along intensive information about the project, construction plan, tax clearance and needed approval from local bodies.
By –Liyans, one the most happening property portals in Kolkata.