Archive for February 2017

Delhi HC restrains Pradeep Jain of Parsvnath, 10 other directors from leaving country

The court also directed the investigating officer of Delhi Police to file a status report in the case

Delhi HC restrains Pradeep Jain of Parsvnath and 10 other directors from leaving countryNEW DELHI: The Delhi High Court has restrained Pradeep Jain, chairman of Parsvnath Developers Limited, and 10 other directors of the firm, from leaving the country in a case related to delay in delivery of its Paramount project in west Delhi.

While hearing a Writ petition filed by Paramount Residents Welfare Association, the Delhi High Court on February 22 directed the investigating officer (IO) of Delhi Police to file a status report in the case.

“The IO, who is present in Court, states that he shall also take steps to
ensure that the accused do not leave the country in the meantime,” the court said.

The next date of hearing in the case is scheduled for March 24.

Justice Vipin Sanghi in his order observed that prima-facie, the case appears to disclose a serious offence, which could well be a multi-victim scam.

Pulling up the investigating agency in the case, the court said, “In such like cases, it is highly frustrating not only for the complainants but also for the Court to see the investigating agencies drag their feet. Inefficient investigation in such like cases also gives rise to avoidable doubts about the competence and integrity of the investigating agency.”

The Paramount project located in Subhas Nagar in west Delhi was supposed to have around 84 luxury three and four bedrooms apartments. The project was awarded to Parsvnath Developers by the Delhi Metro Rail Corporation Ltd (DMRC) in 2005, and was scheduled to be completed within five years. The builder also had applied for an extension of two years to DMRC in 2011.

“We filed an FIR with the economic offences wing of Delhi Police in September last year, but the builder had not been investigated even after the passing of six months,” said Viveck Agarvwal, the lawyer representing the home buyers.

Delhi Police issued a notice to Parsvnath Developers on January 20 this year, but the builder didn’t respond within the sought time limit of 30 days.

The builder has collected up to 90% of the cost of flats from the home buyers, claims Shailender Mongia, secretary, Paramount RWA. “The complaint has alleged fraud and cheating of amount over Rs 100 crore collected from flat buyers,” he said.

The home buyers have also filed a case against the builder in National Consumer Disputes Redressal Commission (NCDRC) in 2015, which is pending at present.

DISCLAIMER

The news and data posted here is from various sources, published and electronically available. We have taken all possible care to verify and crosscheck the accuracy of the same. However, despite due diligence, sources may contain occasional errors.www.noidapropertydealers.co.in will not be responsible for any errors in such an instance.

Properties of 4 ex-MPs to be attached to recover dues of stay at Rajasthan House

The government action follows the Rajasthan High Court order directing the recovery of outstanding dues from former MPs on a PIL filed by K B Agarwal.

Properties of 4 ex-MPs to be attached to recover dues of stay at Rajasthan HouseJAIPUR: The general administration department has initiated steps to attach the properties of four former MPs to recover outstanding dues of their stay at Rajasthan House in Delhi between 2004 and 2014.

While three of the former MPs, who have not cleared their dues, are from the Congress–Harish Chaudhary of Barmer, Bhanwar Jitendra Singh of Alwar, and Mahesh Joshi of Jaipur, Krishan Lal Balmiki, a former Rajya Sabha MP from BJP, is no more.

The government action follows the Rajasthan High Court order directing the recovery of outstanding dues from former MPs on a PIL filed by K B Agarwal.

Sources in the general administration department said property details of these MPs have been identified and dispatched to respective district collectors to initiate action. If these MPs continue to refuse to pay, the district administration will attach their properties.

An officer in the general administration department said, “We have initiated action under the Land Revenue Rules and sent certified copies of properties in the name of these former MPs. These documents have been dispatched for action by revenue officials in their respective districts.“

The petitioner had said that 26 MPs and MLAs from Rajasthan had not paid their dues of their stay at Rajasthan House in Delhi between 2004 and 2014. They have not made the mandatory disclosure of the same to the Election Commission (EC) while contesting the 2014 elections.

After the court’s intervention, 22 of the former people’s representatives settled their accounts, with four others defaulting.

According to the petition, an outstanding amount of Rs 45,82,593 is due from former Union minister Bhanwar Jitendra Singh. Harish Chaudhary owes Rs 11,35,047; Mahesh Joshi Rs 27,41,223; and K L Balmiki Rs 1,16,953.

DISCLAIMER

The news and data posted here is from various sources, published and electronically available. We have taken all possible care to verify and crosscheck the accuracy of the same. However, despite due diligence, sources may contain occasional errors.www.noidapropertydealers.co.in will not be responsible for any errors in such an instance.

SC tells house owner to pay Rs 15 lakh to buyer for nixing deal

The owner had signed an agreement in 1999 to sell a house for Rs 1.6 lakh at a village in Tamil Nadu and the buyer had paid Rs 60,000 in advance

SC tells house owner to pay Rs 15 lakh to buyer for nixing dealNEW DELHI: The Supreme Court has asked a house owner to pay Rs 15 lakh as compensation to a buyer for backing out on the deal after signing an agreement while claiming that it was his only residential place. The court allowed him to retain the house but pay compensation to the buyer.

The owner had signed an agreement in 1999 to sell a house for Rs 1.6 lakh at a village in Tamil Nadu and the buyer had paid Rs 60,000 in advance. Rest of the amount was to be paid at the time of execution of the sale deed.

The owner, however, refused to honour the agreement, compelling the buyer to approach court. The trial court and Madras high court passed directions for execution of sale deed as per the agreement.

Failing to get relief, the owner, Jayakantham moved the apex court challenging the order. He contended that the residential house was the sole property owned by the family and he could not sell it. He argued that the agreement was merely a document executed by way of security for a loan transaction but agreed to pay compensation to the buyer to retain the property .

An SC bench of Justices Arun Mishra and D Y Chandrachud said the hardship of the seller had to be considered and the court was not bound to grant relief of “specific performance“ (contractual duty) merely because it is lawful to do so.

“The decree for specific performance shall accordingly stand set aside and shall stand substituted with a direction to the appellants (owners) to pay a sum of Rs 15 lakh to the respondent in lieu of specific performance. The amount shall be paid within two months from the date of receipt of a copy of this judgment,“ it said.

 

DISCLAIMER

The news and data posted here is from various sources, published and electronically available. We have taken all possible care to verify and crosscheck the accuracy of the same. However, despite due diligence, sources may contain occasional errors.www.noidapropertydealers.co.in will not be responsible for any errors in such an instance.

Consumer Forum: Real estate firm told to give compensation for failing to allot flat in stipulated time

Pronouncing the orders on Thursday, the commission also directed the firm, Emaar MGF, to reimburse the money deposited by the four complainants along with cost of litigation.

By: Express News Service | Chandigarh | Published:February 25, 2017 5:58 am

Disposing of four complaints, the state consumer disputes redressal commission directed a real estate firm to pay compensation of Rs 8 lakh (Rs 2 lakh to each complainant) as the company had failed to allot the flat within the stipulated time. Pronouncing the orders on Thursday, the commission also directed the firm, Emaar MGF, to reimburse the money deposited by the four complainants along with cost of litigation.

The four complainants are Mulkeet Singh, Malikat Singh and Diljot Kaur — all residents of Mohali — and Ranjan Narula — resident of Gurgaon. Sharing the details of one of the complaints in the order, the commission said Mulkeet Singh had booked a flat in the project of the Emaar MGF, after making the initial payment of Rs 7 lakh on July 18, 2008. The price of the flat was Rs 62,72,558. As per the agreement, the date of allotment of the flat was August 1, 2011 and if the company was unable to allot the flat, then it was supposed to pay a penalty of Rs 5 per square feet per month. Singh also took a loan from HDFC Bank for purchasing the flat. However, when Singh went to the construction site of the project, he realised that no construction had started. He immediately took up the matter with senior officials of the company and was assured that construction would start shortly.

The company, however, failed to deliver physical possession of the unit to the complainant, and did not take the necessary approvals from the government for carrying out construction. He then filed a case in the consumer courts on July 22, 2016.

In its reply, the real estate firm said that the commission has no jurisdiction to entertain the complaint. The company further argued that the possession was “endeavored” to be handed over within three years of execution of the agreement. Thus, there was no definitive agreement stating that possession would definitely be delivered within three years and 90 days for the occupation certificate.

DISCLAIMER

The news and data posted here is from various sources, published and electronically available. We have taken all possible care to verify and crosscheck the accuracy of the same. However, despite due diligence, sources may contain occasional errors.www.noidapropertydealers.co.in will not be responsible for any errors in such an instance.

 

 

Centre delaying process of colony regularisation in Delhi: Satyendar Jain

The Delhi government wants the Union UD ministry’s 2008 guidelines to be amended to enable regularisation of these colonies, including the upscale Sainik Farms, on an “as is where is basis.”

Centre delaying process of colony regularisation in Delhi: Satyendar JainNEW DELHI: A day after the high court directed the Centre to take an “in-principle decision” on the AAP government’s proposal to regularise unauthorised colonies, Delhi’s urban development minister, Satyendar Jain, did not miss the opportunity to put the onus on the central government for delaying the process by raising repeated queries on the proposal.

The Delhi government wants the Union UD ministry’s 2008 guidelines to be amended to enable regularisation of these colonies, including the upscale Sainik Farms, on an “as is where is basis.”

On Thursday, Jain said, “All political parties are on the same page that the 1,639 colonies need to be regularised, but why is the delay on the part of the Centre? The Centre wants more details on our proposal to legalise these colonies, leading to the delay. The Delhi government has provided all details available with it.” The Delhi government has conceded that the colonies can’t be regularised within the existing framework of the 2008 guidelines that have been amended from time to time.

The former Congress government under Sheila Dikshit, too, in its last term demanded the same but the UPA government at the Centre did not agree to its proposal to relax the guidelines that clearly lay down covered area parameters and development-charge criteria.

The number of unauthorised colonies under scrutiny since 2008 add up to around 1,640. The AAP-led government wants amendments in the variable structure of payment of development charges for different colonies depending on their socio-economic profile. Both the Centre—during the President’s rule in Delhi—and the AAP government gradually increased the cutoff date for including the colonies and it now stands at January 1, 2015.

The Delhi high court has given the central government four weeks to take a decision. “The AAP government demands that the Centre gives in-principle agreement and thereafter, the city administration will distribute the certificates within 24 hours,” Jain said.

DISCLAIMER

The news and data posted here is from various sources, published and electronically available. We have taken all possible care to verify and crosscheck the accuracy of the same. However, despite due diligence, sources may contain occasional errors.www.noidapropertydealers.co.in will not be responsible for any errors in such an instance.

Delay-hit Amrapali flat buyers write to PMO, GNIDA

The buyers fear that Sharma may try to leave the country as the project is far from complete. Amrapali is one of top debtors owing money to Noida and Greater Noida authorities

Delay-hit Amrapali flat buyers write to PMO and GNIDA. NOIDA: Homebuyers of Amrapali Dream Valley project have written to the Prime Minister’s Office seeking the impounding of the passport of Amrapali MD Anil Sharma.

The buyers fear that Sharma may try to leave the country as the project is far from complete. Amrapali is one of top debtors owing money to Noida and Greater Noida authorities. Most of its projects are yet to be completed.

In a letter of appeal to Prime Minister Narendra Modi submitted on February 22, Dream Valley buyers have requested that measures be taken to safeguard the interests of buyers who have invested in Amrapali.

“While most builders are cash-strapped and now have no way to complete them, many may want to settle abroad to escape debts. We are scared and have thus put an alert that the builders should not be allowed to travel outside India,” a Dream Valley buyer said.

“Amrapali buyers are in dire straits. They have no idea what is waiting for them and if at all they will ever get their houses,” Indrish Gupta, co-founder, Noida Extension Flat Owners Welfare Association (Nefowa), said.

Meanwhile, the Noida homebuyers’ association on Thursday demanded explanation from the Greater Noida Authority on lack of action on their part on investigating and keeping a check on defaulting builders. In a letter seeking answers from the GNIDA, Nefowa referred to therecent arrest of Earth Infrastructure owner Avdesh Goel by the Delhi Police in response to complaints by the Economic Offences Wing. Goel was arrested on February 20 based on complaints by homebuyers.

Abhishek Kumar, Nefowa president, said, “ Our fear is that most builders who have not been adhering to the norms have not been checked by the Noida Authority. We have in a letter asked GNIDA to respond to five questions regarding defaulting builders: Why does the Noida Authority not respond to buyers’ complaints about the perpetual construction halt? Why is the repayment process made easy for builders, why are the defaulting builders names seen vanishing from the authority website? Why is the Authority silent on the fraudulent activities of the builders?”

DISCLAIMER

The news and data posted here is from various sources, published and electronically available. We have taken all possible care to verify and crosscheck the accuracy of the same. However, despite due diligence, sources may contain occasional errors.www.noidapropertydealers.co.in will not be responsible for any errors in such an instance.

Greater Noida airport plans slow down on fund crunch

The government in UP, which is now in the process of electing its local legislature, cited lack of money to conduct an ‘obstacle study’ at the proposed airport site
Greater Noida airport plans slow down on fund crunchNEW DELHI: An airport at Greater Noida’s Jewar, on the southeastern fringes of India’s capital, was first suggested 16 years ago: The wait will get longer after the local government said it even lacks funds to finance a crucial study on the project.

The government in Uttar Pradesh, India’s most populous state that is now in the process of electing its local legislature, cited lack of money to conduct an ‘obstacle study’ at the proposed airport site. “An obstacle study would not cost more than few lakhs and it is difficult to believe that the state government does not have that kind of money,” a senior official at the Airports Authority of India told ET.

The state government last month wrote to the federal aviation ministry about its inability to conduct the study that ascertains whether the proposed site has any obstacle to cause obstructions in flight movements. The decision to conduct the study at the proposed site was taken in July during the last aviation ministry meeting on the Jewar airport.

A civil aviation ministry official said the letter seems unnecessary when the state is in the midst of an election process. “Assembly elections are being conducted in the state to elect a new government. The government will take a decision on the issue at an appropriate time,” said a senior aviation ministry official, who did not want to be named.

The proposal for an airport in Jewar was made in 2001 when current home minister Rajnath Singh was the chief minister of Uttar Pradesh. His successor Mayawati also backed the plan and acquired more than 2,000 acres for the project.

The UPA government at the centre then formed a group of ministers to decide on the project as it violated a policy to build another airport within 150 km of the existing Delhi facility. The plan was revived after Mahesh Sharma, who represents Noida in the Lok Sabha, became junior civil aviation minister. He was later replaced by Jayant Sinha.

The Samjawadi Party, in power in Uttar Pradesh over the past five years, had initially favoured Agra over Jewar for a new airport. It later agreed on the Jewar project but wants another at Agra, the home to the Taj, India’s iconic monument to love.

DISCLAIMER

The news and data posted here is from various sources, published and electronically available. We have taken all possible care to verify and crosscheck the accuracy of the same. However, despite due diligence, sources may contain occasional errors.www.noidapropertydealers.co.in will not be responsible for any errors in such an instance.

Realty sentiment hits 3-year low in December quarter on note ban: Report

Hit by demonetisation, total housing sales of the top eight cities fell by 40% in the fourth quarter of 2016 as against the previous three-month period.

Realty sentiment hits 3-year low in December quarter on note ban: ReportNEW DELHI: The real estate sentiment fell to a three-year low in the October-December period, indicating pessimism among developers and financial institutions which reeled under the demonetisation pressure, says a report.

However, property consultant Knight Frank India and industry body FICCI said in a joint report that developers, banks and private equity investors are optimistic that market situation would improve in the next six months.

“The demonetisation of high value currency notes of Rs 1,000 and Rs 500 was the most sweeping change in recent history, which was a rude awakening for the Indian economy with the real estate sector being at the receiving end of this move,” the Knight Frank-FICCI joint report said.

Hit by demonetisation, total housing sales of the top eight cities fell by 40 per cent in the fourth quarter of 2016 as against the previous three-month period.

“Consequent to the major disruption during Q4 2016, the current sentiment score has seen a drastic fall to below the threshold mark of 50 to become the worst quarter in the last three years. This implies that stakeholders’ sentiments pertaining to Q4 2016 is pessimistic,” the report said.

The real estate sentiment index, based on a quarterly survey of key supply-side stakeholders, including developers, private equity funds, banks and non-bank financial companies (NBFCs), fell to 41 from 58 in the previous quarter.

“The respondents are of the opinion that the situation during the last quarter of 2016 was significantly worse compared to six months prior, reflecting the short-term adverse impact of demonetisation on the Indian real estate,” the report said.

However, the respondents welcomed the government’s steps to bring transparency into the sector through demonetisation move and the new real estate law as well as the Union Budget’s focus on making home purchases affordable.

“The future sentiment score of 62 is a good indicator of the robust optimism portended by the stakeholders for the real estate sector in the coming six months.”

“The demonetisation move did infuse a high degree of uncertainty and confusion in the market but this impact seems to be transient in nature and the mid-to-long term impact is expected to be positive,” the report said.

Although the residential sector is going through a difficult phase, the stakeholders are quite optimistic for the future, especially with regards to sales volume.

“59 per cent of the stakeholders believe that residential sales will improve in the coming six months, as against only 12 per cent that believe to the contrary,” the report said.

“45 per cent of the respondents expect prices to remain stagnant while 26 per cent expect a downward pressure on price appreciation, during the same period,” it added.

DISCLAIMER

The news and data posted here is from various sources, published and electronically available. We have taken all possible care to verify and crosscheck the accuracy of the same. However, despite due diligence, sources may contain occasional errors.www.noidapropertydealers.co.in will not be responsible for any errors in such an instance.

Here’s what you will save on buying home under Pradhan Mantri Awas Yojana

Using the loan’s amortisation schedule, the NPV of the interest subsidy is first calculated at a 9% discount rate and then credited upfront to the loan.

Here is what you will save on buying home under Pradhan Mantri Awas YojanaAfter the recent changes in the Pradhan Mantri Awas Yojana (PMAY), it seems that the interest in the scheme is picking up. Developers have started promoting their offerings in the affordable housing segment, which may sound tempting to those interested in government subsidy.

Real estate has its own share of concerns, both for the end-consumer as well as an investor looking to lock in funds for a quick gain. From a delayed home possession to oversupply of units, there’s a lot to tackle in such an illiquid and immovable asset class. PMAY may, however, still generate a positive response, especially if the builders live up to their promise in terms of construction quality and timely delivery. The infrastructure related to affordable housing is also something the government needs to address.

Meanwhile, the subsidy in PMAY is in real rupee terms. Existing guidelines are aimed at the economically weaker section (EWS) and the lower income group (LIG) category, earning Rs 3 lakh and Rs 6 lakh per annum respectively. The two new subsidy slabs (yet to be notified) will bring in people earning up to Rs 12 lakh and Rs 18 lakh per annum into the fold. Irrespective of the loan amount, the subsidy is fixed for each category of income level.

Government subsidy in percentage
The credit-linked subsidy of 6.5 per cent will be available only for loan amounts up to Rs 6 lakh. In the two new slabs, people earning up to Rs 12 lakh per annum will get 4 per cent interest subsidy on a loan amount of Rs 9 lakh, and the Rs 18 lakh per annum income category will get a 3 per cent subsidy on a loan amount of Rs 12 lakh. Any additional loans beyond the subsidised loan amount will be at a nonsubsidised rate. For all the slabs, the scheme will apply to loans with a tenure of up to 20 years.

Government subsidy amount
The interest subsidy amount will not be the differential of interest amount (of actual and subsided rate) but will be the net present value (NPV) of the interest subsidy amount. It is to be calculated at a discount rate of 9 per cent. For calculating NPV of the subsidy, one will need the loan’s amortisation schedule as the interest portion of each equated monthly instalment (EMI) has to be considered. Thereafter, use the Fx function in an excel sheet to arrive at the NPV.

Because of the subsidy amount, your loan amount reduces and, therefore, the interest burden too comes down. Let us now see how the interest subsidy amount will be calculated and how it will be applied to one’s loan.

I. First, let’s consider someone with an income up to Rs 6 lakh
(Maximum subsidised loan of Rs 6 lakh; Subsidy: 6.5 per cent)
Original loan amount: Rs 6 lakh
Interest rate: 9 per cent
EMI: Rs 5,398
Total interest cost (over 20 years): Rs 6.95 lakh

At 6.5 per cent (subsidy), the NPV of the interest subsidy amount comes to Rs 2,67,000.

This interest subsidy amount is what the government is offering to the borrowers. So instead of the Rs 6 lakh loan, the revised loan amount comes to Rs 3,33,000. Remember, the borrower has still to service the loan at 9 per cent per annum. This is because the interest subsidy amount will be credited upfront to the borrowers. The net effect: Reduced EMI and a lesser interest burden.

Revised loan amount: Rs 3.33 lakh
Interest rate: 9 per cent
EMI: Rs 2,996
Total interest cost (over 20 years): Rs 3.86 lakh

Net reduction in EMI: Rs 2,402
Net savings in interest: Rs 3, 08,939
Here's what you will save on buying home under Pradhan Mantri Awas Yojana
II. Next, let’s consider someone with an income up to Rs 12 lakh
(Maximum subsidised loan of Rs 9 lakh; Subsidy: 4 per cent)
Original loan amount: Rs 9 lakh
Interest rate: 9 percent
EMI: Rs 8,098
Total interest cost (over 20 years): Rs 10.43 lakh

At 4 per cent (subsidy), the NPV of the interest subsidy amount comes to Rs 2, 35,000.
Revised loan amount: Rs 6.65 lakh
Interest rate: 9 per cent
EMI: Rs 5,983
Total interest cost (over 20 years): Rs 7.70 lakh

Net reduction in EMI: Rs 2,114
Net savings in interest: Rs 2, 72,445
Here's what you will save on buying home under Pradhan Mantri Awas Yojana
III. Next, let’s consider someone with an income up to Rs 18 lakh
(Maximum subsidised loan of Rs 12 lakh; Subsidy: 3 per cent)
Original loan amount: Rs 12 lakh
Interest rate: 9 per cent
EMI: Rs 10,796
Total interest cost (over 20 years): Rs 13.91 lakh

At 3 per cent (subsidy), the NPV of the interest subsidy amount comes to Rs 2,30,000.
Revised loan amount: Rs 9.7 lakh
Interest rate: 9 per cent
EMI: Rs 8,727
Total interest cost (over 20 years): Rs 11.24 lakh

Net reduction in EMI: Rs 2,069
Net savings in interest: Rs 2, 66,649
Here's what you will save on buying home under Pradhan Mantri Awas Yojana
Conclusion
The actual interest rate may be different from the 9 per cent considered above. Currently, marginal cost of funds based lending rate (MCLR)-linked home loan rate is hovering around 8.5 per cent, so the EMI will be lower and even the interest savings will be more. But yes, do check out PMAY’s eligibility, which is that the person (beneficiary) who applies for the scheme should not own a pucca house (an all-weather dwelling unit) either in his or his family member’s name anywhere India. A beneficiary family includes husband, wife and unmarried children.

DISCLAIMER

The news and data posted here is from various sources, published and electronically available. We have taken all possible care to verify and crosscheck the accuracy of the same. However, despite due diligence, sources may contain occasional errors.www.noidapropertydealers.co.in will not be responsible for any errors in such an instance.

Ansal API faces heat for selling green space in Gurgaon

Rajendra Kumar Goel filed the case in NGT in June 2016 against Ansals, claiming illegal selling of land earmarked for green space in the township has been forcing the residents to live in intensely polluted environment

Ansal API faces heat for selling green space in GurgaonGURUGRAM: An NGT-appointed high-powered committee has indicted the developer of Sushant Lok 3 for illegally selling areas reserved for green belt. The panel has submitted its report to the green court after the latter sought the same in the wake of a plea by a 70-year-old resident.

Evoking Article 21 (Right to Life) of the Indian Constitution, Rajendra Kumar Goel filed the case in NGT in June 2016 against Ansals, claiming illegal selling of land earmarked for green space in the township has been forcing the residents to live in intensely polluted environment, thus denying them their fundamental right to life.

Taking cognizance of the case and after several hearings, the tribunal in January 2017 formed a committee comprising officials from the Union ministry of environment, forest and climate change, and Haryana’s government’s department of town and country planning (DTCP) and the district administration.

The committee members — Ajay Mehrotra, representative of the ministry, Sushil Sarwan, sub-divisional magistrate of Gurgaon, Yusuf Mohammed Mansuri, senior town planner of DTCP, and Sanjeev Mann, district town planner — visited Sushant Lok 3 on February 16 and 17.

In its five-page report submitted to NGT three days back, the committee has verified almost all the allegations of the petitioner. The report (a copy of which is with TOI) says the areas under green belt, roads and community sites are less than the prescribed limit of 45%.

The report also mentions that few sites reserved for green area do not exist at all and that some of the area earmarked for green space has been used for site office, transformer rooms, and hutments for security guards and labourers, grocery shop, milk booths and other purposes.

“The petition was against the developer for discreetly polluting the environment by grabbing, encroaching and illegally selling areas meant for parks and green belt, measuring around 90 acres in Sushant Lok-3,” said Goel.

“Such activities are adversely affecting the eco-system and the overall ecology of the area. The developer in connivance with government agencies concerned has compelled the residents of the area to live in deeply polluted environment. It is denying us our right to life,” he added.

Advocate Yatish Goel, the petitioner’s lawyer, said the developer has not received any environmental clearance for the project developed on 200 acres of land. “The developer has made and is still making blatant violation of Haryana local laws and environmental laws, causing huge harm to environment,” he said.

When contacted, Rakesh Goel, senior vice-president (projects), Ansal API, Gurgaon , said, “Since the inception of Sushant Lok, we never had any issues relating to environment and forest, neither we are in receipt of any such notices from the Union environment ministry.”

DISCLAIMER

The news and data posted here is from various sources, published and electronically available. We have taken all possible care to verify and crosscheck the accuracy of the same. However, despite due diligence, sources may contain occasional errors.www.noidapropertydealers.co.in will not be responsible for any errors in such an instance.

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