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Wednesday, September 9, 2015

Big Blow to Pune Builders Who Have Committed Crime of Violation of Environmental Clearance

Pune Property Buyers, Be Prepared to Lose Your Flat & Money:

National Green Tribunal (NGT) has fined Mumbai builder for violation of Environment norms.

NGT has also asked Project Proponent not to create third party interest
(Accepting Flat Bookings, Handing-over Possession of Flats to the Property Buyers, etc.)
until he amends the plan and deposits the fine.

This and earlier judgments will have long lasting impact on real estate industry.

Especially Pune being hub of illegal real estate projects.

Recent judgments on violation of environment norms show that courts are not ready to pardon environment violation on account of fait accompli.

And that is the reason project proponents and property buyers need to worry and take precautions.

Read more at - Beware ! NGT Fines Mumbai Builder, Be Prepared to Lose Property & Money

Environmental Clearance Proposal Status List: 29-7-2015

Related Stories:

13) Why we all must appeal to Guardian Developers to stop '100% Interest Free Homes' offer

12) NGT cracks whip on projects without Prior Environmental Clearance

11) 5 Reasons why you must not book a flat in Vastushodh Projects' UrbanGram & AnandGram

10) The Case of Premier City - Wisdom Park, Pimpri, PCMC

09) Save Palladium Grand Dhanori Pune

08) Slaves of Palladium Grand Dhanori Pune

07) In 2015 - Where to book a flat in Pune real estate market?

06) Is it safe to book a flat in Pune real estate market?

05) Beware of Pune Builders' Gang of Liars & Cheats

04) List of Pune Builders Who Have Committed a Crime of Violation of Environmental Clearance Announced

03) How builders in Pune are selling illegal housing projects & cheating property buyers

02) Violation of Environmental Clearance - Crime & Punishment

01) Living in an illegal building

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1 comment:

  1. To help buyers, the Govt should quickly bring in real estate regulator act. Certainly builders will try to delay this act as it's harmful for them as it will be difficult to fool buyers. However, till this act becomes a reality. buyer can avoid getting conned by builders by buying ready to occupy flat with completion certificate.
    A buyer can't decide what builder does, but he can atleast decide what he can do so as to have peace of mind.