Property News

Property News #15: Mangalore civic body, Property mutation request, EOW files case against Expat Projects

Mangalore civic body moots bigger homes for pourakarmikas in phase II, III

Pourakarmikas, the backbone of urban cleansing, is also known as civic workers and is able to stretch its legs into the “G+3,” which will be constructed in the Mahakalipadpu phase two and three. The public body has revisioned this area to 505 sq. ft. for the second and third phases with pourakarmikas unwilling to occupy the 32 quarters of the 303sqft Mangalore City Corporation (MCC).

Property mutation requests put on hold until October 11 in Hyderabad

The GHMC has stopped the approval of transfers of property applications (transfer/assessment applications, etc.). Moreover, GHMC also started accepting applications in all City Service Centres from Monday. According to an officer of the GHMC, about 3,000 applications still have to be cleared. “First the pending applications will be explained and then go to new applications.

GHMC released an internal warning to warn staff to stop accepting applications for mutation. Following the cuts in the applications, worried residents ran off the pillar to post the idea that a pause in the movie might pause their registration on the Dharani website.

Mumbai: EOW files case against Expat Projects for duping investors of Rs 700 crore

The City of Economic Offenses (EOW) filed a case against Expat Projects & Development Pvt Ltd.’s directors on Wednesday alleging that it has trumped over 7,000 Rs, 700 crore investors. 

The accused offered to exchange property for bungalows and property. But, they never gave the plots nor money back to buyers.

“From 2013 to 2020, fraud took place. Investors were tempted by business managers by promising to sell plots. The buyers were told that they would register the sale when 70% of the price was paid. Buyers were also assured that their money would be returned at a 2% interest higher than the prevailing rate if the company did not produce property or if the buyer didn’t enjoy the property. But the buyers did not have the plots and they did not get money back.

The majority of plots were in the districts of Raigad and Pune. Expat is located in Kurla, Pune, Goa, and Bengaluru, in Mumbai’s Kohinoor City Mall. Initially, the company had offered investors plots. Those who came to the police said they had never got anything from the company.

The accused were also booked under the Maharashtra Act to protect the depositors’ interest, which allows the police to attach properties. There have been over thirty bank accounts that were used in this case for financial transactions by the Expat. Moreover, the police asked banks to freeze all the accounts.

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Bengali Legal News#15।Advocate Chenoy Ceil | Bigger Home Scheme । Property Mutation । Expat Projects

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