HYDERABAD NEWS.

Recommended Hyderabad Properties  
Recommendations that You Can Bank on!   
 
Hyderabad Bungalows for Sale Hyderabad Flats for Sale Hyderabad Properties for Sale Hyderabad Real Estate for Sale Hyderabad BUNGALOWS
 


HYDERABAD Members Login HYDERABAD PROPERTIES
Email ID :
PWD :
Sign Up Now!
HYDERABAD PROPERTIES NEW PROJECT! HYDERABAD APARTMENTS
APH247: Gated Community Apartment Complex Near Gachibowli Financial District is Open for Booking at Very Low Rate for Initial Member Group!
HYDERABAD PROPERTIES HOT NEWS HYDERABAD APARTMENTS
HYDERABAD PROPERTIES NEWS CLIPS HYDERABAD APARTMENTS
20/02/2012 - Hyderabad Extended Area Master Plan - Delayed. Use the opportunity to review status of your land.
19/02/2012 - Union Pacific Railroad & Covidien to set up offices in Hyderabad. Cisco, Amazon, Deloitte, Facebook to ramp up head count
18/02/2012 - Silicon Image unveils Indias first global R&D centre in Hyderabad
18/02/2012 - Hitachi to up Hyderabad GDC headcount to 4k engineers
16/02/2012 - Amazon to double its staff strength in Hyderabad
05/02/2012 - HMDA plans Toll Tax on ORR from May
05/02/2012 - CBI Action on IAS officers, impacts Governance. Expect indecision by IAS officers on all matters. Project Approvals to be affected
04/02/2012 - Govt. may relax GO111 regulations in certain areas
30/01/2012 - BP Acharya Arrested by CBI in Emmar - APIIC Scam
28/01/2012 - Building Penalisation Scheme (BPS) may be extended
24/01/2012 - Cisco evaluates Hyderabad for Development Center
24/01/2012 - HMDA to take up Shaikpet to Kokapet ORR Radial Road work soon.
20/01/2012 - Andhra Pradesh seeks a stringent real estate Act
20/01/2012 - Infor Global Solutions eyes $70 mn from Hyerabad centre of excellence (CoE)
19/01/2012 - AP Govt seeks a stringent real estate regulatory Act
15/01/2012 - Kukatpalli to Hi Tec City in 2 Minutes- Rail Over Bridge to be ready by May 2012
12/01/2012 - Yash Birla to set up sports university near Hyderabad
12/01/2012 - KBR Park Prime Property Project by ICICI & NCC may be converted to Luxury Residential Apartments
12/01/2012 - Andhra Pradesh bags Rs.5.57 lakh crore investment projects
01/01/2012 - MGF may get the Boot as EMMAR Pleads to Let it Complete the Project, with 26% APIIC Stake Restored
01/01/2012 - LRS (Plot Regularization) Scheme is BACK! Regularize Your Plots till 30 June 30,2012.
20/12/2011 - GHMC undertakes Demolition of illegal buildings in LB Nagar
20/12/2011 - EMMAR - Govt Duel. EMMAR said to have agreed to restore 26% Stake of Govt in APIIC
19/12/2011 - Lanco Hills News. Apartment registrations under hold as legal battle rages in court.
19/12/2011 - LRS Deadline may be extended. But Eligibility Cut Off Date may remain December 31, 2007.
15/12/2011 - LIG - EWS Reservation in Real Estate Projects. 10% of the built-up area or 25% of its total units to be reserved
15/12/2011 - Mayo Clinic to Fly into Shamshabad? Joint venture planned by GMR, Apollo and Mayo Clinic
11/12/2011 - Hyderabad Real Estate scene looking up with Telangana movement factored!
10/12/2011 - DLF Commercial Project on Road No2 Banjara Hills in trouble. Cheating case against DLF honchos
07/12/2011 - GO111 Impact. Govt Cancels 227 Layouts in Moinabad, Shamshabad, Chevalla, Shankarpalli, Shabad Mandals
04/12/2011 - HMDA Plans Plot Auction in Jawaharnagar and elsehwere
21/11/2011 - Split or No Split? Solving the Hyderabad Puzzle.
21/11/2011 - LRS likely to be back again! Plot Regularization Could Still be Posiible!
17/11/2011 - US Company Siemon relocationg India Center from Delhi to Hyderabad!
06/11/2011 - Boulder Hills Plot Deals. Emaar, Stylish Homes deal a fraud,says CBI
06/11/2011 - Centre Plans to Go with Telangana Regional Council.
06/11/2011 - Hyderabad Real Estate Prices on Upward Move after an Year of Stagnation. Unresolved GO45 issue has potential to raise price by 20% overnight
06/11/2011 - Occupancy Certificate Needed for New Water Connections
05/11/2011 - GHMC Plans Green channel nod for high-rises soon
04/11/2011 - Rape of Kondapur Botanical Garden. HC issues notice to Govt and MOEF
02/11/2011 - 423 Acres Plotted Land Near Ramoji Film City. Wakf Board claims encroachment and issues notices to about 2000 plot owners
01/11/2011 - HMDA Plans Land Auction in Hyderabad to Raise Funds for ORR Works. 60 Leftover Plots and 3 Acres New Layout in Gopanpally to be auctioned
26/10/2011 - Bangalore Metro Runs while L&T to Rthink on Hyderabad Metro Project, in the wake of inability of Govt, to handover land
26/10/2011 - No one to Toll You on ORR! Toll Collection Postponed.
26/10/2011 - RBI raises hikes Repo Rate by 0.25 basis points. SB accounts to fetch more interest. Home loan Rates Unlikly to increase
25/10/2011 - Telangana News. SAMME ends after 42 days. Govt Staff to resume duty
22/10/2011 - ACB seeks info on illegal buildings in Kukatpally, Serilingampally and Rajendranagar municipal circles
22/10/2011 - Saab India Technology Centre opens in Hyderabad
21/10/2011 - Boulder Hills News. Plot buyers coerced to lie before CBI by
20/10/2011 - No Prepayment Penalty on Home Loans taken from HDFC, LIC, DHFL etc

Previous Important News Clips

[+} NEWS CLIPS - PREVIOUS

Older Archives: [+} NEWS CLIPS - PREVIOUS

HYDERABAD BUNGALOWS Hot Alerts! HYDERABAD PLOTS
Latest News which impact Hyderabad Real Estate with relevant comments highlighting issues of importance, at Exclventures Hot News Page!

Grab the best possible prices on new properties at Hyderabad! Sign up Free for Pre Launch Alerts and Early booking at Hyderabad properties at Shamashabad, Airport, Kokapet, Manchirevula, Narsingi, Guchibowli, Hitec City, Tellapur, Express Highway, ORR, Outer Ring Road, Shamirpet! Sign Up Now!
Investment Options
Real Estate Investment Options in Hyderabad. True investment options should bring you tremendous growth in short period of time. Leave it to the experts to suggest to you, new emerging localities in and around Hyderabad, before prices peak. Pick up plots before others stream in! Our Members get world class analysis of emerging locations, enabling them to make small investments, which see remarkable growth! Sign Up Now!
HYDERABAD BUNGALOWS HOT PROPERTIES! HYDERABAD PLOTS
We are pleased to present Exclusive Properties, Ventures, Real Estate at Hyderabad. Luxurious Apartments, Villas, Houses, Homes, Bungalows, Town Houses and Unique Plot Layouts with great potential! Specialized services for Expatriates. Luxurious, Premium, Exclusive excel excl Properties for Expatriates / Foreigners to stay while at the IT offshoring Hub of Hitec City, Hyderabad, India.Sign Up Now!
Shop Online
Coming Soon! Books, Music, Movies, Gifts, Flowers, Apparel and More at: Exclusive Online Shopping India.
HYDERABAD BUNGALOWS LINKS HYDERABAD PLOTS

 

 

 

 

 

 

HOT, LATEST HYDERABAD NEWS. HYDERABAD DEVELOPMENT, REAL ESTATE NEWS
Online Shopping at Indiatimes
Impressive Range of Gifts, Toys, Mobiles, Digital and Personal Care Products to Choose from.

       << HOT NEWS LINKS
Hyderabad News.Lanco Hills News. Apartment registrations under hold as legal battle rages in court.

Hyderabad News. TOI 19.12.2011

(Excl Ventures News.)

Contending that the state government had unlawfully handed over prime wakf property at Manikonda village of Ranga Reddy district to Lanco Hills and others, counsel for the State Wakf Board and Dargah Hussain Shah Wali on Monday urged the AP High Court to restrain Lanco Hills from selling its properties to third parties. The Wakf Board contended that Lanco Hills, which was allotted the land for developing an information technology (IT) park, had instead constructed nine residential apartment towers so far on the land, Earlier, the Wakf Tribunal had issued an injunction against the respondents.


   The State Wakf Board (SWB) counsel made this plea before a division bench of Justice V V S Rao and Justice Reddy Kantha Rao that is hearing the plea of Lanco Hills seeking vacation of this injunction. The counsel for SWB and the dargah have sought the resolution of the main plea moved by MLC Rehman, MIM legislator Akbaruddin Owaisi and others who want the sale of the wakf lands be declared as illegal. SWB counsel Shafeeq Rahman Mahajir argued that Lanco Hills Technology Park Ltd. was seeking clearance from the HC to sell its structures on wakf land of Manikonda Jagir with a view to taking the dispute away from the legal process.

Elaborating his point, Mahajir said when the state government sold the land in Manikonda village belonging to Hazrath Hussain Shah Wali Dargah in 2006, it was acting as a trustee as the SWB had been superseded the previous year. In the writ petition filed by politician Rahman in the HC in 2007 for an injunction on construction on the wakf land, he made the board’s chief executive officer (CEO), a government employee, a party. 


  


 However, the court granted permission for the continuation of construction following an affidavit filed by the CEO, Shaikh Madar, that the sale amount should go to the board if it wins the case. The sale of structures, as sought by the Lanco Hills, would create a third party situation and take away property from the reach of legal process under Section 64 of the Trust Act. The section entails that while the property can be taken back from the trustee’s transferee (Lanco), once sold, it cannot be done so when it is in the hands of the purchaser (third party). The counsel for Dargah Hussain Shah Wali, Suresh Kumar, said that the affidavit filed by the board CEO then was invalid as it was not backed by due procedure such as a SWB resolution. 
 

  Soli Sorabjee, the senior counsel arguing for Lanco Hills, told the court that the company had purchased the land in an open auction and has been adhering to the agreement they had entered into with the state and APIIC. As per the agreement, the state would compensate the SWB either with alternative land or with compensation if it finally turns out that the land indeed belongs to the Wakf Board, he said. Who will compensate Lanco for the huge money spent on the project, he asked. The counsel for SWB said this was no ground for considering the claims of Lanco as they bought land at a cheaper price and are developing the land in gross violation of laws. 


   The court posted the matter to Tuesday for further hearing. 


   Earlier in the day, the division bench headed by Chief Justice Madan B Lokur posted to Tuesday the plea of Wakf Board seeking transfer of another petition to the bench hearing the 2007 case pertaining to land allotments made without proper auction or procedure. Since the 2007 case contains the subject of Manikonda lands also, the petitioner sought transfer of the present plea to the bench hearing the case.

Comment :
Its really sad that buyers are put to hardship by the inability of Sate Govt to make legally clean land for auction. Its criminal injustice to cause legal hurdles after putting land on autcion and letting buyers invest hard earned money. Eventually, this matter will settle in favor of Lanco and the apartment buyers due to the fact that the Wakf Board never objected, when land was auctioned with massive publicity.  At best, the Board may get compensation from Govt or alternate land.
Keyword Tags Hyderabad News,Lanco Hills, Lanco Hills News
Rate News on a Scale of 5. 5th Star Correspond to 5.

India Online Shopping Shop Online for Mobiles, Discount Offers. Send Gifts, Flowers to India, Hyderabad
Consumer Complaints India - Real Estate, Companies, Products

Your Home!
Villas  Hyderabad VIEW DETAILS. BOOKING IS OPEN
Post Resume for Jobs
Join or Login to Follow Hot Real Estate Updates and Alerts on Twitter.
Bookmark and Share
LINKS
Resources
+>Latest Real Estate News Hyderabad India
+>Hyderabad Real Estate Articles
+>Hyderabad HUDA Maps
+>Hyderabad Distances
+>Doubts? Q &A
+>Check Home Loan EMI
+>Legal Help. Lawyer
INDIATIMESHOPPING
Shopping -Home Page

India Online Shopping For Valentine
India Online Shopping Apparels
India Online Shopping Art Gallery
India Online Shopping Baby Care
India Online Shopping Beauty Care
India Online Shopping Books
India Online Shopping Computers/Laptops
India Online Shopping Flowers
India Online Shopping Gifts
India Online Shopping Health & Fitness
India Online Shopping Home & Kitchen
India Online Shopping Jewellery
India Online Shopping Lingeree & Innerwear
India Online Shopping Mobiles/Digital
India Online Shopping Movies
India Online Shopping Music
India Online Shopping Perfumes
India Online Shopping Discount Sale!