Properties in Danapur Patna

Through an order in 2011, the Supreme Court held that transferring property title through a general power of attorney was not valid. The top court directed municipal bodies not to register/mutate properties based on these documents. Following the order, states banned the registration of properties sold through GPA. The SC, however, said that genuine transactions carried out through GPA would be valid. In light of this, should you be entering property transactions that involve sale through power of attorney? Let us find out.

NBCC is the newest entrant to have expressed its interest to buy beleaguered Jaypee Infratech. This is not the first time that the bids were announced. The process will restart yet again especially now that the Supreme Court has ruled out liquidation of the company. NBCC plans to build affordable homes on these land parcels given that the connectivity is good. However, the final decision will be decided as per the bids. As of now, NBCC is already constructing 40,000 units in Noida and Greater Noida that were abandoned by insolvency-hit Amrapali.

In a report by global consultancy and research firm Centre for Asia Pacific Aviation (CAPA), India's aviation industry will become the third-largest market in the world with regards to departures by 2019, and job creation by 2027. The report also focuses on the apparent saturation likely in existing airports in metro cities and the need to deploy more capacity in Tier-II cities. To welcome the new flyers, the government is developing 100 airports across various locations in the country.

Under the Maharashtra Housing and Area Development Authority’s housing scheme for 2018, over 1,100 low-cost apartments will be sold in December. The authority will release an advertisement on November 5 announcing the housing lottery, with about 45 days available for homebuyers to apply. This year, about 500 units will be reserved for low-income group with 283 units for the economically weaker sections. MakaaniQ tells you all about the Mhada Lottery Scheme 2018 and the process for application.

In a major crackdown on the company for wilful disobedience, the top court on November 13 attached its 100-bed multi-speciality hospital in Greater Noida, three residential towers and a villa in Goa. The SC said that the company had deliberately not complied with its earlier order and committed a "serious fraud" by diverting homebuyers' money from one company to other. A report of forensic auditors said that Amrapali Infrastructure was the main company and around Rs 2,000 crore were transferred from it to other sister companies.