“Public purpose” in Land Acquisition, Rehabilitation and Resettlement Bill should be limited to linear infrastructure and irrigation, including multipurpose dams and social sector infrastructure such as schools, hospitals and drinking water or sanitation projects constructed at state expense, the panel said.

“All cases of land acquisition must entail obligations for adequate compensation, rehabilitation and resettlement to all land losers and other affected persons,” said the Parliamentary Standing Committee on Rural Development, chaired by BJP leader Sumitra Mahajan, in its report on the Bill.

The report was tabled in Parliament today.

The panel has suggested that land acquisition for any purpose should be brought under the purview of this legislation, which currently exempts land acquired under 16 Acts listed in the Fourth Schedule… contd.

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Petition seeks BMC to implement property tax ULB level reformsGovt officials suspended for aiding land grabDDA taking measures to repair cracks in Dwarka flatsWarning to housing society residentsResidential prices fell 9.1 pc in a year: Knight Frank reportUnitech profit plunges 98% as sales hitSection of building that was once home to Musharraf is torn down

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Revenue secretary Vijay Dev said,

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In reply to a question in Lok Sabha, he said there were 34 corruption related complaints in the DDA in 2009.

In 2010, the number increased to 74 while there were 65 corruption and irregularity related complaints in 2011, as per the details provided by Nath.

The Urban Development Minister also gave details as per which in 2011, major penalty had been imposed on officers in 76 cases while minor penalty had been imposed in 13 cases.

In 2011 itself, three cases were under trial in various courts while another four cases were being investigated in the Economic Offences Wing.

In reply to another question in Lok Sabha related to the Urban Development ministry, Minister of State Sougata Roy said 20705.29 square yards of land belonging… contd.

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‘Stamp duty on property deals can rise’DDA land scam: I-T attaches Ashok Malhotra’s properties’Indians wary of investing in property’Noida GMs raided for links to realtorsHope springs again for Noida Extn flat ownersG S Patnaik on way out, DDA to get new V-CRealtor to pay Rs 11.31L for delay in delivery of shop

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The action came recently with the department pasting “recovery notices” on the Mukherjee Nagar and Jahangirpuri properties of Ashok Malhotra, famously known as ‘choley bhaturey’ vendor, and his family in North Delhi.

The department, through its recovery officer, has ordered that till the taxes are paid, the owners of the attached properties are “prohibited and restrained from transferring or changing the ownership of the properties”.

The department has computed a tax liability of of Rs 6,29,399,13 on Malhotra, more than Rs 33 lakh on his son Himanshu and Rs 35 lakh on his wife Pushpa.

The action has been taken by the taxman under section 220 (2) (assessee deemed in default of tax) of the I-T Act and is used… contd.

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‘Stamp duty on property deals can rise’173 cases of irregularities in DDA’Indians wary of investing in property’Noida GMs raided for links to realtorsHope springs again for Noida Extn flat ownersG S Patnaik on way out, DDA to get new V-CRealtor to pay Rs 11.31L for delay in delivery of shop

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A bench of justices R M Lodha and H L Gokhale said such classification cannot be termed as unconstitutional as the government can adopt differential stamp duties to check evasion and sale transactions resorted through and for extraneous considerations.

The bench upheld an appeal filed by the Madhya Pradesh government challenging the state high court’s decision to quash Clause(d), Article 45 of Schedule 1-A of the Indian Stamp Act, 1899 which was brought in by the Indian Stamp (Madhya Pradesh Amendment) Act, 2002 Act) as unconstitutional being violative of Article 14 (equality clause) of the Constitution of India.

The said legislation had sought to impose a Rs 2 per stamp duty on the property’s market… contd.

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DDA land scam: I-T attaches Ashok Malhotra’s properties173 cases of irregularities in DDA’Indians wary of investing in property’Noida GMs raided for links to realtorsHope springs again for Noida Extn flat ownersG S Patnaik on way out, DDA to get new V-CRealtor to pay Rs 11.31L for delay in delivery of shop

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On October 21, the Allahabad High Court had directed the two agencies to give the farmers 10 per cent developed plots. The court told the two bodies that it could not hear an appeal on its own decision.

Officials of the Noida and Greater Noida Authority said they would appeal against the order in the Supreme Court as there were serious problems connected to the handing over of developed plots, including a huge financial burden.

Officials said the two authorities have different problems with the developed plots. While the Noida Authority has limited land available to give to the affected farmers, the Greater Noida Authority… contd.

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Section of building that was once home to Musharraf is torn down’Stamp duty on property deals can rise’DDA land scam: I-T attaches Ashok Malhotra’s properties173 cases of irregularities in DDA’Indians wary of investing in property’Noida GMs raided for links to realtorsHope springs again for Noida Extn flat owners

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Musharraf visited the haveli in 2001, spending time with a select group of people, including an 80-year-old woman who had been cleaning homes in the area for decades.

Residents of the area said a multi-storeyed building is being built at the site. MLA Iqbal said he noticed the demolition only on Tuesday and was

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Thirteen interest rate increases by the central bank between March 2010 and last October to fight inflation have dealt a severe blow to the country’s debt-laden developers.

The higher rates pushed up the cost of repayments and deterred potential homebuyers, while companies have also been squeezed by the rising cost of raw materials and slowdown in construction activity.

Net profit fell to 22.6 million rupees ($0.42 million) for the fiscal fourth-quarter ended March 31 from 1 billion rupees a year earlier. Net sales dropped 32 percent to 7.16 billion rupees, the company said late on Tuesday.

Analysts on average had forecast a net profit of 1 billion rupees on sales of 7.56 billion rupees.

Unitech’s costs as a percentage of sales rose to 97 percent during the… contd.

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According to the report,

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However, it has been found that connections to reservoirs have been disconnected and residents are taking water directly from the supply lines. This is leading to low water pressure and the higher storeys not receiving water. Residents have been warned against this. More from Real Estate

Residential prices fell 9.1 pc in a year: Knight Frank reportUnitech profit plunges 98% as sales hitSection of building that was once home to Musharraf is torn downPetitions rejected, Noida, Greater Noida to move SC’Stamp duty on property deals can rise’DDA land scam: I-T attaches Ashok Malhotra’s properties173 cases of irregularities in DDA

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