The Supreme Court ruling limits Article 39(b) as grounds for state acquisition of private property, emphasising the protection of individual ownership rights over socialist ideals.
Heeding to criticism from several quarters and demonstrating the agility to course-correct, the Centre rolled back its indexation proposal on real estate.
Several prominent names from Pakistan surfaced during the investigation including the children of President Asif Ali Zardari, Hussain Nawaz Sharif, wife of Interior Minister Mohsin Naqvi, Sharjeel Memon and his family, Senator Faisal Vawda, Farah Gogi, Sher Afzal Marwat, and several Members of the National and Provincial Assemblies. The list also included names of late Gen Pervez Musharraf, former Prime Minister Shaukat Aziz, numerous retired generals, a police chief, an ambassador, and a scientist.
Ghosh told HT that HOABL is planning to launch 200-250 plots in Ayodhya the next year. These plots are estimated to cost around Rs 1.8 crore plus taxes for a 1250 sq ft plot.
China’s largest property developer, Country Garden, said that it faced a loss of USD 7.1 billion in the first six months of the year, mounting pressure on the Chinese homebuilder already experiencing a financial meltdown, The New York Times (NYT) reported.
One after another, the companies began to crumble as they could not pay their bills. More than 50 Chinese property developers have defaulted or failed to make debt payments in the last three years, NYT reported citing credit ratings agency Standard & Poor’s.
The junior Thackeray defended his statement saying that the MVA government in Maharashtra has been able to reduce stamp duty and premiums only because of this nexus.