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Monday, December 12, 2016

Preventing division of joint property : Hindustan Times

HOUSE DIVIDED No one can transfer undivided interest in a joint property without taking into account the preferential right of co-heirs

Under the Hindu law of succession, if a person dies without leaving a will (intestate), his or her property devolves upon the class I legal heirs in equal proportion. By virtue of such inheritance, they become joint owners of such property. Complications may arise when one of them decides to alienate or transfer or sell his or her inherited undivided interest in the immovable property to a stranger. Undivided ownership interest in property means that share of the ownership in the property is identified but not demarcated till its partition or separation from other shares of such property. Till then, each coheir jointly owns property with others.

Section 22 of the Hindu Succession Act, 1956, confers a preferential right on the remaining co-heir(s) or co-owner(s) to acquire such undivided interest in that property. The purpose of conferring a preferential right to co-heir(s) is that strangers or outsiders need to be kept out to maintain the integrity of the property. It is a remedial measure to moderate inconvenience resulting from transfer to an outsider by a co-heir of his or her undivided interest in immovable property that was inherited along with other co-heirs.

The courts of law have on various occasions held that a statutory duty is cast on the transferor-heir to give notice of his intention to transfer his undivided interest. In cases where it is shown that the transferee has purchased the property without any notice regarding the same given to the remaining class-I co-heirs, the transfer could still be challenged after it was completed.

Other co-heirs can enforce their preferential right under the Act to acquire the transferred undivided interest by filing a regular civil suit before the competent civil court. Also, since the right to claim preference over a property in terms of a statute ordinarily is a weak right, a suit by the co-heirs for claiming such a right can be filed within one year from the date of sale of property and not later. It is pertinent to remember here that this special preferential right under the Act can be availed only for a joint property. In case a partition has taken placebetween the coheirs resulting in division of the jointly owned property through specific or respective allotment or demarcation of share to each co-heir, such preferential right shall not exist anymore. Each co-heir shall then have the liberty to transfer their respective demarcated/ partitioned share without any restriction to offer it first to other co-heirs.

Therefore, it can be said that under the Act, a co-heir cannot transfer his undivided interest in the jointly owned property that he inherited with other co-heirs, without reference to the preferential right of the co-heirs till such property is jointly owned. The law which provides for inheritance by co-heirs under class-I, limits the freedom of disposal of jointly owned immovable property. When the transfer is in violation of the above said provision, the remedy available for the other co-heirs will be to seek intervention of the court to enable them to acquire the right which has been transferred away by the other co-heir in violation of the Act.

  • 10 Dec 2016
  • Delhi
  • The author is a senior partner at Zeus Law, a corporate commercial law firm. One of its areas of specialisations is real estate transactional and litigation work. If you have any queries, email them at ht@zeus.firm.in and htestates@hindustantimes.com. Sunil













































  • with thanks : Hindustan Times : Dated 10th December, 2016

Sunday, June 5, 2016

A to Z Furnishing Brings New Range of Home Furnishing Items

A to Z Furnishing is a home furnishing company that provides all the components for a fabulous interior. It is a one stop destination and the company supplies all the products at really affordable rates.

ATOZ Home Furnishings

May 13, 2016 Mumbai: A to Z Furnishing is one of the leading names in the industry today and it has emerged as a top home furnishing supplier, selling items which includes a wide range of bed and bath linen, curtains, blinds, carpets, mattresses and pillows, table napkins and a wide range of other related. It has launched new collections for the coming season and all the items meet the highest international standards. The curtains and flooring items like carpets have been sourced from various countries and have already been picked up by major hotel chains for their interiors.

The individual buyers too have a lot to look forward to, especially with the upholstery as premium fabrics have been handpicked for the collection. Be it an antique piece that the buyer is looking for or an affordable item to cater to a large group of people, A to Z Home Furnishings can be trusted to live up to the expectation and provide the clients with all the items they require. They are also a uniform supplier for the members of the staff at any do and their new ranges of uniform designs are sure to grab all the eyeballs. 

You can also fill up the form at http://atozhomefurnishings.com and you will be contacted. The form for subscription can also be filled for the latest news and updates. 

Sunday, May 1, 2016

The 2D3D Floor Plan Company Offers High Quality and Interactive 3D Floor Plans

New Delhi, India (April 20, 2016) - The importance of 2D and 3D floor plans is well known as the photo-realistic floor plan caters to the need of having interactive apartments and properties in real estate industry. In a competition to offer the best quality 2D and 3D floor plans, The 2D3D Floor Plan Company provides the high quality and creative 3D floor plan services at the most affordable prices. Experienced and highly talented 3D floor plan designers create interactive 2D and 3D floor plans as per the customer’s imagination which they want to have or they have to think about their dream home. To make their 3D plan more realistic, they also put interior decorations for the apartment such as wall colors furniture, windows, doors, kitchen, and bathroom setup just exactly like a real apartment by using latest software and designing technologies. They boast of their efficiency and proficiency in completion of more than 800 3D floor plan projects including various home areas i.e. living area, bed room, interior walls, windows, doors, electrical appliances, larger closet, kitchen area, bathroom, sink, shower, etc.

The 2D3D Floor Plan Company

Now with the help of 2D and 3D floor plans, the customer can show photo-realistic and interactive 3D view of their homes in the form of a small model and this beneficial to the renters as they can see the full setting of the apartment without visiting the site. In addition, if someone wants to build a home by self-designing idea, then one can ask this company to make a 3D floor plan before starting the actual construction. With photo-realistic and interactive 3D floor plans, buyers or renters are getting a closer and more accurate view of an apartment or property without visiting the site physically.

One of the spokesperson comments, “What an amazing experience! Perfect team to go to bring floor plans to real life imaginations. You really blew my mind I love your work and definitely will be using you all year long.” Such testimonials reflect nothing but the repeated engrossment that The 2D3D Floor Plan Company offers to its clients. 

Offering high quality work at most affordable prices, The 2D3D Floor Plan Company has become one of the best 3D floor plan companies. As their whole setup is in India, they give their service at extremely affordable prices and also one can get the quotation in advance to meet up their budget.

For more information about 2D and 3D floor plans, please visit http://the2d3dfloorplancompany.com/

Friday, April 29, 2016

TATA Housing New Launch – La Vida, Gurgaon (Just 0.5 km from Delhi with 30:70 payment plan)

La Vida is designed with the vision to create a forest inspired living by establishing a connection with nature, at the same time focusing on all aspects of lifestyle and recreation.

With only 0.5 kms from Delhi, as you enter La Vida, you see towers emerge from a forest of trees to adorn the distant skyline. As you proceed along a winding shaded road, glimpsing at the sky through the over-arching trees, to the sound of birds’ symphony, children’s laughter and the smell of fragrant flowers, you hope that your drive and experience is never ending.

Alongside the curving drive, you find nested spaces, inviting you to play. Playgrounds, flower clusters, herb gardens, reflective pools, and picnic pavilions satisfy even the most hard to please.

The winding road ends at your own island grove and retreat. The clamor of the city streets fade to a distant murmur.

La Vida gives its residents an active community space and provides a safe, vibrant and warm abode for families.  La Vida will be a landmark in the years to come.

Amenities
v  80% open area dedicated to landscaping and recreational spaces
v  15,000 sq. ft. Clubhouse with best-in-class facilities
v  Active sports amenities like full basketball court, 2 badminton courts, 1 tennis court, 800 m internal jogging track & a cricket pitch to create a wholesome opportunity for the residents
v  Themed terrace gardens
o   Yoga and Meditation terrace
o   Private parties terrace
o   Board games, like, chess, checkers for teen/adults
o   Dance or Exercise classes
o   Art classes for kids, painting, arts/crafts, sculpture making, pottery
v  Dedicated and safe children’s play area - Play equipment which can be customized to make them more interesting along with a themed colour. A sandpit adjoins play area in a court while the slide down the tree deck also leads one to a sandpit underneath
v  Water plaza, reflective pool and lily pools
v  Art installation plaza
v  Tower lobbies with art displays
v  Art Walk at the clubhouse to display works of children or resident artists
v  Barbeque corner
v  Party lawn
Landscape
v  1.85 acre vehicle free central greens comprising of a sunken garden with stepped seating and grass terraces
v  Sunken Garden of approx. area 40mx70m, totally basement free natural ground planted with indigenous & flowering trees to enhance the forest feel. One end has steps and grass slope with seats descending to this space, An amphitheater of a different kind. The other end has sloping grass for children to have fun rolling down or running down.
v  Fruit Tree Bosques - Jamun, mango, Amla, Guava, Chikoo- which give fruits in plenty to enchant the residents with fresh from the trees produce
v  A Mosaic of small lawns + sit-outs + planting beds is all around between the ground floor verandahs & the walking/jogging path.
v  Art installations in the landscape- rough hewn blocks of stones arranged in small lawn spaces, while they can be used for sitting, create a sculptural visual. Alongside, feature walls can be graffiti walls for residents to express themselves creatively
o   Active sports amenities like full basketball court, 2 badminton courts, 1 tennis court & a cricket pitch create a wholesome opportunity for the residents
v  Sky walk overlooking the central green connected by tree houses with slides for kids
v  Herbal garden
v  Flowering trees overlooking the residential towers
v  1000 trees planted within the 9 acre property – more than100  trees to an acre
Specifications
v  Building
o   IGBC pre-certified gold rated building
o   Well ventilated lobbies
o   Double height ceiling in the clubhouse
o   High speed elevators
o   Vitrified flooring in lift lobbies and corridors
o   Earthquake resistant structure as per IS code
o   DG power backup in common areas and lift
v  Living/Dining/Kitchen
o   Vitrified flooring, sliding French windows, OBD paint
o   Anti-skid vitrified flooring tiles, sink board with drain board, exhaust fans in the kitchen
v  Utility room in the kitchen
o   Anti-skid ceramic flooring tiles, MS railing, electrical, drain and water supply point
v  Bedrooms
o   Vitrified flooring, anodized aluminum window frame
v  Toilets
o   Wall mounted WC, wash basin with counter in master toilet, best in class fittings
v  Security
o   Video door phones in every home
v  Balcony
o   MS railing, anti-skid vitrified tiles
v  Electrical
o   Premium series of switches and plates
The Club house

v  The Club, nested under the centrally located towers overlooking the central green  will provide the very best amenities to all residents.
v  A double height lounge and reception will welcome you at the entrance and a well naturally lit art walk will lead you to other health facilities.
v  Spa facilities will be available with massage room, steam, sauna, shower as well as change rooms for a large outdoor swimming pool. 
v  The Health club with fully equipped Unisex Gym has been provided. Active sports facilities including squash court, billiards, cards, multi-purpose hall for dance or yoga provides a variety of health and fitness activities.
v  An audiovisual room for 8 to 10 people and a restaurant with a fully equipped kitchen serving a large banquet hall will provide opportunities for bigger gatherings.
v  Kids’ corner and reading room will take care of the little ones needs.


Pricing

Saleable Area (in Sq. ft.)
Carpet Area (In Sq. Ft.)
Basic Sale Price
(Inclusive of 1 Car Parking)
BASIC COST (In Rs.)
1276
880
8500
10846000
1330
917
8500
11305000
1573
1085
8500
13370500
1579
1089
8500
13421500


Payment Plan

Expression of Interest – Rs.5 Lacs only
Within 45 days – 10% less Rs.5 lacs
Within 75 days – 10%
On or before 31st August 2016 – 10%
On receipt of Occupational Certificate – 70%

7 Switch off as you go | qAlways recycle | P Save a tree... think before print.... Go green

Sunday, April 3, 2016

Signal woes? Building bylaws bar mobile towers in residential areas

NEW DELHI: The new unified building bylaws that may make it easier to obtain permits could worsen signal problems for mobile phone users.
The new bylaws say there should be no mobile phone towers in residential areas.
This has led to confusion among the municipal corporations as almost 80% of such towers are believed to be in residential areas.
“No signage/communication tower and advertisement is to be provided in residential buildings,” the bylaws state.
Union urban development minister M Venkaiah Naidu released the new unified building bylaws for Delhi on Tuesday. Apart from simplifying procedures, these have reduced public-official interaction to reduce corruption.
“Going by the new bylaws, there should be no mobile towers in residential areas. Considering that only 20% of the total mobile towers fall in non-residential areas, this may lead to cellular problems,” said a high-ranking municipal official. Officials said they would either wait for an order from the high court in an ongoing case or approach the Centre for clarification.
Mobile phone operators approached the high court in 2010 after the corporation changed its policy regarding the establishment of such towers. The case is still pending. “A lot of things have to be kept in mind while implementing the bylaws. They might require certain modifications so that the public is not hassled,” said Ashish Sood, leader of the house, South Delhi Municipal Corporation.
Technical experts say call drops occur due to an increase in the number of dead zones. These zones are a result of either fewer mobile towers in range or due to hindrance in the signal. Towers have a range of 5 km . You lose signal when you are either out of range or in a ‘dead zone’.
The three municipal corporations say the total number of mobile towers under their jurisdiction is 7,926.
Officials, however, argue that the total number of unauthorised towers are more than half of that.
“The total number of mobile towers before trifurcation was 5,252. However, the number has increased exponentially in the past three years near residential areas,” said a municipal official.
Officials argue that while most new towers violate building bylaws, for others, the corporation has not been paid.


with thanks : Hindustan Times : Dated 3rd April, 2016

Single-window clearance for construction plans in Delhi

For residential plots up to 105 square meters, the owner need not obtain sanction of building plans.

In a significant policy shift in Delhi’s building by-laws, the Union Urban Development Ministry on Wednesday announced “single-window clearance” for construction plans for both residential and commercial properties within a month, while exempting owners of residential plots up to 105 square meters from seeking sanction of building plan.

“The laws have been made user-friendly through unification and simplification of a host of amendments made over the last three decades and integration of approvals by different agencies into a single platform,” said Urban Development Minister Venkaiah Naidu at a press conference here. “The new process would reduce human interface and enable approvals in just 30 days,” he added.

For residential plots up to 105 square meters, the owner need not obtain sanction of building plans. “You (owner) can just submit an undertaking intimating about construction along with requisite fees and other documents to start construction,” said Mr. Naidu, while explaining the new amendments.

Previously, applicants had to go through a cumbersome process to get sanction of building plans as it involved scrutiny and approvals from various government agencies such as the National Monuments Authority, Department of Environment and Heritage Protection, Delhi Fire Services and the Airports Authority of India.

With the modification of the building by-laws, an applicant can now file one single online application to the concerned urban local body.

Highlighting another key amendment in the laws, Aishwar Rao, the chief spokesperson of the Ministry, said that payments for obtaining approvals from various departments have also been consolidated in the same online form. “With a click of your mouse, you can make one single payment electronically,” said Mr. Rao.

The amendments come in the light of the World Bank’s “ease of doing business” ranking of 2015, in which India is at the 130th position.

A senior official in Urban Development Ministry told The Hindu that a directive came from Prime Minister Narendra Modi’s office asking Mr. Naidu to “simplify” the process of granting permits to new constructions. The final goal, the official said, is to gain the confidence of foreign investors by creating a “smart” urban infrastructure.

After Delhi, Mr. Naidu said that Mumbai would also unify its building by-laws. “After these two major cities (Delhi and Mumbai) we would ask other cities to follow suit,” he added.


with thanks : HINDU : LINK : for detailed news.

Saturday, March 19, 2016

Building a house to get easier

The standard building plans prepared for residential plots up to 105 square metres will suit the rehabilitation colonies only in the planned colonies, where minimum plot size is 125 square metres. PANKAJ AGGARWAL, general secretary of Efforts Group, an umbrella organisation of RWAs

NEW DELHI: Constructing a house is likely to get easier with the urban development ministry on Friday releasing bylaws to provide instant building plan clearances and checking red tape.
The model building bylaws (MBBL), to kick in within a fortnight, will bring relief to people in unauthorised neighbourhoods that have been regularised and rehabilitation colonies built after Partition. The plot sizes here are usually small.
The bylaws simplify the sanction process for construction on small residential plots measuring up to 105 square metre (sqm).
Submission of a building plan prepared by an architect to the local body concerned along with other papers will mean the project has been sanctioned.
The laws grant civic agencies the power to give green clearances for individual projects of 5,000 sqm to 1,50,000 sqm so that one wouldn’t need to go to the Centre.
One may also adopt standard plans for residential plots up to 105 sqm. “The owner shall be entitled to sign standard plan and the required documents for sanction… Certificate from professionals would not be necessary and the owner shall be bound to follow the approved plan,” the bylaws said.
Urban development minister M Venkaiah Naidu said the land-owning agency Delhi Development Authority will notify the laws, but the three municipal corporations will enforce them.
Civic agencies long demanded simplification of building-plan procurement. “The objective is to make thing easier, faster and transparent for Delhi residents. People will not need to visit corporation offices frequently once the new laws come into force. It will also help to curb corruption,” said an official of South Delhi Municipal Corporation’s engineering department.
However, the official said the three corporations had an online system for building plan approval under which 35-40 applications are cleared every month.
Pankaj Aggarwal, general secretary of Efforts Group (an umbrella organization of RWAs), said the initiative would not be of great help as it dealt with small plots.
“The standard building plans prepared for residential plots up to 105 sqm will suit the rehabilitation colonies only in the planned colonies, where minimum plot size is 125 sqm,” said the Safdarjung Enclave resident.
While the standard procedure ensures quick approval of the building plan, the laws don’t promise corruption elimination, he said. “Any engineer with malefide intension can raise objection at any level and stop the construction.”


with thanks : Hindustan Times : Dated 19.3.2016

No building plans needed for small plots in Delhi thanks to new bylaws


Do you own a small plot of land in Delhi and have been running from pillar to post for municipal approvals to build on it? Good news is on the way.
Residential plots of up to 1,130 sq. ft. will no longer require building plan approvals, and landowners will only have to furnish an undertaking from an architect that the construction is safe.
The new rules, part of a set of model building bylaws issued by the Union urban development ministry on Friday, will kick in in two weeks.
Model bylaws are not binding on a state but this should matter little in Delhi where land is controlled by the Delhi Development Authority that reports to the union urban development ministry. Many states had adopted the last set of model bylaws for buildings issued by the central government in 2004.
The government’s proposals are aimed at cutting red tape as well as corruption in the building approval process, which now involves more than a dozen clearances.
Building bylaws define how land can be used, permissible construction area (FAR) and height of structures, among other things.
The new rules also make it mandatory for civic bodies to issue building plan approvals within a month irrespective of the size of a plot. Also, no objection certificates for construction on big plots will be provided online so as to reduce contact between applicants and officials.
The new rules also waive off mandatory green clearances from the central government for individual projects on plots measuring up to 1.6 million sq. ft.
States municipalities can grant construction permits to such projects.
“The model bylaws will give a big boost to ease of doing business by creating an online single window integrated building plan approval process,” said Union urban development minister M Venkaiah Naidu.
“It will eliminate man to man interaction and thereby reduce corruption. I urge the state governments to quickly take steps to adopt this progressive, environment friendly and citizen centric by-laws in their own laws and implement them.”
In a push for the Swachh Bharat Mission, the bylaws make it mandatory for public buildings to provide toilets for visitors.
A risk-based matrix for buildings has also been introduced.
“The objective of this analysis is that small buildings with low-risk criteria should be approved on a fast-track and high-risk buildings like malls, multi-story or big complexes should be examined in required detail,” a ministry official said.

with thanks : Hindustan Times : Dated 19.3.2016

Friday, February 26, 2016

Know your Neighbourhood: Electronic City, Bengaluru

Bengaluru has been featuring increasingly in the list of preferences for those who wish to invest in real estate and this has turned many key areas across the city into real estate hubs, and Electronic City tops the list here. Divided into four phases, Phase I is located next to Hosur Road, while Phase II is located to the east of Phase I and Phase III is located to its west.

E-City was originally planned by KEONICS (Karnataka State Electronics Department Corporation Limited) in 1978. Spread over 320 acres of land, E-City is divided into four phases. While Phase I and Phase II are complete, Phase III development is on-going and Phase IV land acquisition is still underway.
E-City is Bengaluru’s first smart city. It is currently maintained by the Electronic City Industries Association and home to several MNCs including IT/ITES companies (Wipro, Infosys, Siemens and Intel), manufacturing companies (GE Power Tools and Tata Power), biotech companies, residential projects, educational insitutions, malls, entertainment parks and healthcare services.
Since it is the government’s first smart city project, E-City is expected to have intelligent systems powered by Cisco. A smart city will enable its residents to connect to various public service utilities using Wi-Fi.
Real Estate Cost:
·         Mid-income housing prices – Rs. 2,800 to Rs. 5,000 per sq.ft
·         Average price per sq.ft – Average of Rs. 3,700 per sq.ft
·         Average rent for a 2BHK apartment – Rs. 15,000 to Rs. 20,000 per month
·         The average price of flats in Electronic City is INR 3523 per sq. ft. Likewise for plots and villas is INR 2479 per sq. ft.,INR 5261 per sq.ft respectively

Connectivity:
E-City is located off Hosur Road, and has good means of connectivity to Bengaluru city. The 10 km elevated expressway connects E-City to Bengaluru city. It is 9 km away from Silk Board Junction in Madiwala. Neeladri road connects E-City to Bannerghatta IT hub, while NICE Road and Bannerghatta Road allows easy connect to E-City. Bangalore Metropolitan Transport Corporation (BMTC) provides great connectivity to Kempegowda International Airport, which is about 52 kms away and Bangalore City Junction Railway Station that is about 24 km away. BMTC also provides frequent buses to various points in the city to E-City. The nearest railway stations are Heelalige Railway Station and Carmelaram Railway Station, and they are 5.8 km and 11.8 km away respectively.

Namma Metro Phase II is currently underway and will increase connectivity between E-City, E-City Phase I, Hebbagodi and Huskur Road. Phase II Metro is 72.1km long and is an extension of all major points in Phase I and has two additional lines for enhanced connectivity.
Social Infrastructure:
Over the past few years E-City has developed into one of the most preferred residential areas in Bengaluru. The fundamental reason for this is the fact that E-City has good schools, reputed hospitals, large malls and entertainment centres, all at close proximity. Commercial centres have grown exponentially alongside important roads such as Doddathogur Road. Here are some of E-City’s popular landmarks:
·         Manhattans Park
·         Electronic City Police Station
·         International Institute of Information Technology
·         ISBR Business School
·         Symbiosis Institute of Business Management
·         Infosys Golf Course
·         Crowne Plaza
E-City’s well-developed infrastructure and excellent connectivity offer prospective buyers a chance to make a lucrative investment.
Looking to buy your new home or perhaps a good rental investment? RoofandFloor has great listings for projects in E-City. Your dream property is just a click away.
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Article written by :Nisha Achuthan

Nisha is a content strategist who eats, sleeps and breathes marketing. She is an avid follower of real estate news and is fascinated by all things architecture