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Impact Of MCD Sealing Drive On Real Estate Credibility In Delhi
November 1 2006 , 11:10 AM   #1
Suzanne
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Impact Of MCD Sealing Drive On Real Estate Credibility In Delhi

Sealing effect on Delhi real estate

THE SEALING drive against unauthorised shops will resume on November 2.
It was originally scheduled to start from November 1, but has been deferred by a day as it was coinciding with the final day of the 72-hour bandh by Delhi’s traders.

On Monday, the Supreme Courtappointed Monitoring Committee had filed a report with the court, advising that the sealing drive should not be resumed on November 1. It had sought 15 more days to decide on a new date. This had raised hopes among the traders of a reprieve for at least a fortnight. Less than 24 hours later, the MCD said the committee had instructed it to begin sealing shops again from November 2.

Will the Sealing drive in Delhi marr its real estate credibility?
November 1 2006 , 11:24 AM   #2
amritanshu
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I dont think so...

I dont think the sealing has much role to play in the Realty sector...

See the sealing is for unauthorised property construction which is a repercussion of "Chalta hai" attitude.... If the MCD allowed to carry the construction then its their fault but first its our fault that why we went to give a thought to construct on a non residential or commercial plot..

Tell me if i am wrong.....
November 1 2006 , 11:47 AM   #3
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Repurcussions on real estate - unlikely!

You are absolutely right, friend!
Even I don't think the sealing drive will have any repurcussions on real estate.

Howerver, I do feel sorry for those affected by the callous attitude of the authorities.

I think people should take it as a lesson to be careful before making property investments. And verify the property norms and goverment allotment procedures before investments.
November 1 2006 , 04:46 PM   #4
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Investors need to be more aware of their rights

I wonder if there are any appropriate actions taken to ensure that such situations do not arise in the future.

Not only in Delhi but also in other parts of the country....

I agree Bingo that 'Investors need to be more aware of their rights.'

Real estate investments is not like going about on a shopping spree I hope.
November 10 2006 , 07:12 PM   #5
analyst
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Sealing Effect

Sealing commercial establishments shall not remain limited to 45000 affidavit establishments. In fact this will cover over 100,000 small and big units causing sealing very fate of Delhi. I believe within next two months Delhi will be in big trouble due to loss of business and may see reverse migration. All this will categorically result in crash of real estate and consecutively loss of capital of investors affecting all of India producing a cascading effect. Most of the investors in real estate in India are first generation and one big crash could mean a catastrophe for the national economy. I believe sealing is monstrous and a satanic tool. If one can withdraw from real estate asap the better.
November 24 2006 , 03:42 PM   #6
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Banks also responsible to an extent....

Delhi Demolitions lead to Rs 9,000-cr bad debts

There is a news about leading banks be loosing between Rs 7,200 crore to 9,000 crore as bad assets on housing loans paying out in the gone by years, with the Municipal Corporation of Delhi knocking down illegal property.

The problem occurred since most banks, in a rush to stay ahead of the rivals, have financed loans without carrying out the proper documentation.

Do you think banks will learn a moral to tread cautiously in future?
Would like to hear more from you friends....
January 3 2007 , 12:11 PM   #7
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Master Plan 2021 - the last hope

With the January 6 deadline for announcing the new Master Plan 2021 approaching fast, the officials of the Delhi Development Authority (DDA) and town planners were busy in trying to bring about a consensus.

The local politicians, cutting across party lines, have been trying to persuade the town planners to go it easy on ear marking roads and areas in various colonies for commercial purposes in the wake of the contentious sealing drive.

The agitating traders have been appealing to the politicians to ensure that the traders are properly accommodated under the new Master Plan.

However, with the courts looking over the necks of the town planners, their job has not been easy.

Meanwhile, traders have decided to continue with their agitation with unity and have formed a vote bank to pressurise the politicians as the elections to the Municipal Corporation of Delhi are only a couple of months away.

- Tribuneindia
August 3 2013 , 03:11 PM   #8
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Quote:
Originally Posted by Rashmi
With the January 6 deadline for announcing the new Master Plan 2021 approaching fast, the officials of the Delhi Development Authority (DDA) and town planners were busy in trying to bring about a consensus.

The local politicians, cutting across party lines, have been trying to persuade the town planners to go it easy on ear marking roads and areas in various colonies for commercial purposes in the wake of the contentious sealing drive.

The agitating traders have been appealing to the politicians to ensure that the traders are properly accommodated under the new Master Plan.

However, with the courts looking over the necks of the town planners, their job has not been easy.

Meanwhile, traders have decided to continue with their agitation with unity and have formed a vote bank to pressurise the politicians as the elections to the Municipal Corporation of Delhi are only a couple of months away.

- Tribuneindia
Basis that please also include the likes of DLF, 3C, ATS, as they too have executed with lots of delays. Infact, they are worse. ATS does not pay penalty, 3C adds a tower to two of their project of which in one replaces the tennis court with a tower, DLF has become a role model for corruption. So, now what? Do you agree that these three builders are crap too? Once you do that, I can name the next list of builders. So why single out jaypee for delays and classify them as a bad builder? Between, where are you invested?

August 3 2013 , 03:13 PM   #9
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Quote:
Originally Posted by mpandey78
Basis that please also include the likes of DLF, 3C, ATS, as they too have executed with lots of delays. Infact, they are worse. ATS does not pay penalty, 3C adds a tower to two of their project of which in one replaces the tennis court with a tower, DLF has become a role model for corruption. So, now what? Do you agree that these three builders are crap too? Once you do that, I can name the next list of builders. So why single out jaypee for delays and classify them as a bad builder? Between, where are you invested?

Sorry, this post was meant for kumar77;911030.

August 3 2013 , 03:43 PM   #10
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Last date for filing appeal for traders whose shops were sealed in 2006-2007 by Monitoring
Committee & was pending in SC with for donkey years there , the last date for filing an appeal is on 11 Aug 2013 ! Spead the word my friends ..! my hearty prayers that God Blesses these poor trader with some relief
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