House/Villa for Rent in Undri Pune

Pune’s property market is one of the most coveted in India, attracting the interest of not only locals but non-resident Indians as well. To cater to this growing demand, housing supply has to grow. To make that happen, 11 villages have been added in the city’s fold recently. But, it is not as easy for a city to expand as it might seem.

Maharashtra state government recently mandated civic bodies to upload details of illegal properties on the official website. This was necessary because, usually action is only taken when it comes to light that the building is illegal. Innocent buyers suffer in the process. Most buyers remain aware that buildings where they have bought property are illegal.

Check out projects and areas offering properties in Pune for less than Rs 20 lakh.

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.

National Building Construction Company (NBCC) is now planning to buy insolvency-hit Jaypee Infratech, a move that would help the public company to acquire land parcels in tony localities, Taj Expressway and Japyee Hospitals. NBCC will be competing with other construction majors, including L&T, Suraksha Asset Restructuring Company, Kotak group and ICUBE, which have shown interest in buying Jaypee Infratech, the sister concern of Jaiprakash Associates Limited (JAL). This is the second time process is on to acquire the insolvency-hit realtor.