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Monday, September 30, 2013

Building terrace must be open to all residents: HC

Mumbai: No resident can be allowed to obstruct the BMC's move to ensure access to the building's terrace to all residents and for emergencies, the Bombay high court has ruled. 

    A division bench of Justices S C Dharmadhikari and Gautam Patel dismissed a petition filed by a resident of a building in Grant Road who had challenged the notices issued by the municipal corporation. 
    The judges also imposed a fine of Rs 50,000 on the flat owner for making false statements and misleading the court that the builder had sold the terrace attached to the seventh floor flat to her. 
    "Such parties cannot be given any discretion
ary and equitable relief, much less [allowed] to obstruct a public body from performing the statutory duties and ensuring that there is free access to all persons to an area called terrace and, particularly, to take care of any emergent situation," said the judges, adding, "thepetitioner wants to usurp this area in the garb of challenging this notice when she has failed to point out her entitlement to the terrace". 
    The court was irked over what it called a "suppression of material and facts" and termed it a "gross abuse of the process of the court". 
    The petitioner Tasneem Dhariwala, who resided on the seventh floor of Amrutulla Lane at Grant Road, had challenged the notice issued by the BMC under section 54 of the Maharashtra Regional and Town Planning Act. The corporation had said that the grill that barred access to the terrace was unauthorized and sought its removal. 

FREE ACCESS 

• A resident of a Grant Road building had erected a grill that barred access to the seventh floor terrace attached to her flat 

• She claimed that the builder had sold her the terrace area in 2005 

• However, the court found no evidence in the sale agreement and refused to go by mere consent terms 
Agreement didn't mention sale of terrace area: Court 
Mumbai: The petitioner, who challenged a notice issued by the municipal corporation, claimed the developer who had constructed the building in 2004 sold the terrace flat to her in 2005 and furnished allotment letters. Advocate Trupti Puranik, counsel for the BMC, denied her claim and said that as per the plans the terrace was not meant for the exclusive use of the flat owner. 
    The court pointed to the sale agreement between the developer and the flat purchaser which did not mention any sale of the terrace area. The petitioner's lawyers then relied on the consent terms in the court case against the builder to show that they were entitled to exclusive access to the terrace. 
    The judges, however, said that mere consent terms were not enough in the absence of any sale agreement. "We do not find any document or deeds executed conferring any title in the terrace as claimed by the petitioners," the judges said. 
    "We find that while challenging the notices (issued by the BMC) parties like the petitioner are bold enough to make false statements," the court said while slapping a fine on the petitioner.

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Wednesday, September 18, 2013

JAIPUR City’s property scene not in pink of health

 Five years after a turbocharged growth that saw property prices more than double, realty developers say the slowdown is beginning to trigger a price correction. Rates can come down by 10% in the shortterm and the market will remain stagnant for 12-18 months. 

    "Today, flats are overpriced by 30%. The end-user demand has dipped. Investors occupy 70% of the market. The slowdown and high interest rates will make it unsustainable for investors to hold on to property for long. A correction of 10% in the short term is likely. Thereafter prices may remain stagnant for 18 months," says Nagen Choudhary, general secretary, Township Developers' Association of Rajasthan. "The rupee's freefall has not translated into any significant rise in NRI demand," Choudhary adds. 
    "A two-BHK flat in the city which cost Rs 20 lakh in 2010 is now worth Rs 50 lakh," N K Gupta, chairman of Manglam Group, says. 
    "Even if there is a price correction, it won't be deep. The city's fundamental strengths won't change because of a temporary slowdown," Ajay Modi, a realty firm director, says.

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