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Gujarat Real Estate Updates

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  • Re : Gujarat Real Estate Updates

    Popular Builders: Rs 69L cash, jewellery worth Rs 82L found


    TNN | Oct 10, 2020, 04:01 IST



    Ahmedabad: A day after a major search operation by the income tax (I-T) department in Gujarat on city-based Popular Builders group, top department officials said that they found Rs 69 lakh in cash and ornaments worth Rs 82 lakh which were unaccounted for. The search was conducted at 27 premises across offices and residences of the persons associated with the building and real estate development group. The teams also found 18 bank lockers and digital data in form of mobile phones, pen drives and computers.

    ‘The group had around 96 companies at a few common addresses, which were being used for routing money and for land holding. Most of the companies are found to have no real business and very few returns of income have been filed. Many have not filed returns with ROC (Registrar of Companies),’ mentioned a release by Surabhi Ahluwalia, official spokesperson of Central Board of Direct Taxes (CBDT). ‘Some directors of these concerns, other than main family members, have accepted to be dummy directors with mere signing roles.’

    Officials said that they found innovative methods of tax evasion by increasing the cost of properties through intra-group transactions. ‘Substantial evidence of transactions outside the regular books of accounts, unaccounted cash expenses, and cash advances received and interest paid in cash have been found,’ the official release said.

    Cache of documents

    The officials had found a huge cache of documents from an apartment on Satellite Road on Thursday. The officials said that several of these documents are related to properties which are held in names of cooperative societies. Real owners of these properties will be tracked as the officials will also check applicability of the Prohibition of Benami Property Transactions Act, 1988. Registered and notarized sale-purchase agreements of agricultural lands with substantial cash component have also been found. At one of the premises, evidences pertaining to unaccounted property transactions up to Rs 150 crore have been found.















    https://timesofindia.indiatimes.com/...w/78581909.cms
    Last edited 2 weeks ago.
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    • Re : Gujarat Real Estate Updates

      Ahmedabad: Anand Vihar residents allege builder tried to redevelop flats without consent

      The residents in the complaint have named Sarika and Jignesh, employees of Shivalik Group and the group alleging they were helping GHB indirectly. The demolition was planned without their permission, the complaint states.
      AHMEDABAD: A Gujarat Housing Board (GHB) apartment opposite Keshavbaug is back in the news. Residents of Anand Vihar apartments have filed a non-cognisable complaint with Satellite police alleging a developer had tried to demolish their property for redevelopment purpose. They are also alleged GHB was helping the realty group to create pressure on the residents to vacate their houses.

      Anand Vihar apartment is a 132-unit low income group (LIG) scheme developed by GHB around 30 years ago.

      The scheme has 11 blocks and is spread over 5,100 sq yard, near the BRTS corridor.

      According to realty sources, the land price in the area is around Rs 2.25 lakh per sq yard, which means the land price itself is around 117 crore.

      Chairman of Anand Vihar apartment Vishnu Patel who lives in house number 3/25 said, "The earlier chairman of the society had forged our signatures to apply for redevelopment of the society. We had informed the GHB when they had given advertisement in the newspaper for the tendering. However, the board still went ahead and issued the tender which was won by Siddhi Developers that was allotted the redevelopment work."

      He added, "Since the process was unethical, we had challenged it in GHB and took the matter to court and is still sub judice. In that case how can anyone pressurise us to vacate our property or even try to demolish our property?

      Satish Rathod who lives with his sister in house number L5/56 said, "We have filed a complaint at Satellite police station as there was a verbal order by the police two days ago that the GHB and AMC will demolish the so-called 'illegal shops' in front of the houses."

      The Satellite police on Friday visited the society and had a discussion with the residents. Satellite PI J B Agrawat said, "We are looking into the matter and will call both parties to understand the issue." He confirmed that the GHB had asked for police protection for demolition of the illegal shops.

      What developers said

      The residents in the complaint have named Sarika and Jignesh, employees of Shivalik Group and the group alleging they were helping GHB indirectly. The demolition was planned without their permission, the complaint states.

      Regarding the allegation, Shivalik Group MD Chitrak Shah said, "We are not involved in the matter as the project has been awarded to Siddhi Developers. Our role will come when the GHB clears the land with the residents and hands it over to us. So these allegations are baseless."

      Dipak Patel of Siddhi Developers said, "I need to look into it as the matter is in court between GHB and the residents."

      He also added that they have a tie-up with the Shivalik Group for this project.














      https://realty.economictimes.indiatimes.com/news/residential/ahmedabad-anand-vihar-residents-allege-builder-tried-to-redevelop-flats-without-consent/78714554
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      • Re : Gujarat Real Estate Updates

        Ahmedabad: Popular Builders accused of forgery and land-grabbing

        In her FIR with Vastrapur police, Chanchal Brahmbhatt, resident of Samarpan Wing in Borivali (east), states that her father’s ancestral property was transferred to four members of her family including her two sisters and her mother in 1986.
        • TNN
        • October 19, 2020, 14:00 IST

        AHMEDABAD: A woman,82, from Borivali in Mumbai, filed a complaint of cheating and forgery on Saturday against Popular Builders’ promoter Raman Patel and his eight family members for allegedly capturing two land pieces measuring 4,452 square metres and 6,070 square metres in Thaltej by forging a power of attorney.

        Apart from Raman, his brother Dashrath Patel and wife Mayurika Patel have also been made accused in the case.

        In her FIR with Vastrapur police, Chanchal Brahmbhatt, resident of Samarpan Wing in Borivali (east), states that her father’s ancestral property was transferred to four members of her family including her two sisters and her mother in 1986.

        As Brhambhatt stayed in Mumbai and she had rarely come to enquire about her ancestral property in Thaltej area, which was agricultural land, Raman and other allegedly conspired and grabbed the property.

        She said that Raman had floated a cooperative group called Saraswati Smruti Kheti Sahkari Mandali which they got registered with district registrar using his links and later grabbed the agricultural land owned by Brahmbhatt in June 2016.

        Later, Raman floated Saranga Cooperative Housing Society Limited in Thaltej and the same land was transferred to that society. She alleged that Raman, who was never a farmer, first grabbed her agricultural land and then used it for construction by fraudulent practice.

        She said that she had come to know about the forgery two years ago and she had sent her sister to inquire about it and she came to know that Raman and his family members grabbed the land by criminal conspiracy. Brahmbhatt said that she had never given any power of attorney to anyone including Raman. She also stated that if Raman can grab the land of an elderly woman like her, he might have grabbed the lands of other helpless persons also.

        Vastrapur police registered a case of cheating and forgery along with other relevant charges under IPC against Raman and eight others and began an investigation.











        https://realty.economictimes.indiatimes.com/news/industry/ahmedabad-popular-builders-accused-of-forgery-and-land-grabbing/78742168

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        • Re : Gujarat Real Estate Updates

          Ahmedabad civic body's demolition drive continues

          Officials said as they went to the area, local residents who had carried out illegal construction come out and obstructed them and even manhandled them.
          • TNN
          • October 22, 2020, 12:00 IST

          AHMEDABAD: Officials of the Ahmedabad Municipal Corporation were embroiled in heated arguments with residents when they went to remove encroachments in Motera, where illegal construction had come up on an AMC reserved plot.

          Officials said as they went to the area, local residents who had carried out illegal construction come out and obstructed them and even manhandled them. Officials said the illegal construction was eventually demolished, and the plot was freed.

          AMC officials said in Shilaj, three constructions on about 807 square metres were demolished. These were permanent constructions. In West Zone, some 2,100 sq feet of construction on margin space was demolished.

          In Sabarmati ward, an illegal room at a primary school which was under construction was also demolished. In the East Zone, in Vastral ward, an illegal construction on the first floor in the Mahadevnagar area was demolished. This construction was on 3,200 square feet.

          In the Central Zone, in the Asarwa-Shahibaug area, encroachments on the 4km stretch near Ratnasagar Crossroads was removed and 968 sq feet of commercial sheds and 19 enroachments were removed.












          https://realty.economictimes.indiatimes.com/news/regulatory/ahmedabad-civic-bodys-demolition-drive-continues/78802081
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