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Karnataka Homebuyers Urge Action on Property Delays

BENGALURU: The Karnataka Home Buyers Forum has presented a memorandum to Chief Secretary Shalini Rajneesh, urging the state government to address long-standing issues that impact countless homeowners, particularly concerning ownership rights and regulatory gaps. “We want to highlight that homebuyers in Karnataka face significant challenges in asserting their ownership rights,” reads the memorandum. The forum detailed key obstacles and proposed solutions for the Chief Secretary’s consideration, advocating for the interests of millions affected. One major issue raised is the Bruhat Bengaluru Mahanagara Palike’s (BBMP) failure to update khata mutation records for apartment owners. Despite having registered their flats, many owners…

Noida Authority Forms Panel to Resolve Sub-Lease Backlog

NOIDA: On Saturday, the Noida Authority board approved an eight-member committee to tackle the longstanding issue of non-registration of tripartite sub-lease deeds. This committee, chaired by the additional chief executive officer (group housing) of Noida, is responsible for analyzing the challenges associated with the non-registration of these sub-lease deeds and providing recommendations to resolve them, while ensuring the financial interests of the authority are protected. Officials indicated that the panel’s recommendations could lead to a standardized policy for regularizing sub-lease registrations in ongoing cooperative housing cases across Noida. The decision was influenced by ongoing challenges encountered by flat owners—both current…

SC Denies Time Extension for DHFL Promoter’s Surrender

The Supreme Court declined to extend the deadline for Dheeraj Wadhawan, former promoter of Dewan Housing Finance Corporation, to surrender in connection with a bank loan fraud case. Previously, on August 5, the apex court dismissed the medical bail granted by the Delhi High Court last September and mandated his surrender within two weeks. Wadhawan is implicated in a substantial bank loan fraud exceeding ₹34,000 crores, reportedly the most significant case of its kind in India. “We are not willing to extend the surrender timeline as requested by Wadhawan. However, acknowledging his potential need for medical care as per reports…