Forest Case: What Relief are we talking about for Common Man?
Who is the sufferer? Common man like us, who have been staying here for 4 decades or who have invested in house and paying Pre-EMI installments for last few years. (Without knowing whether he will get possession of the house)
Developers have already build complexes and handed over to housing societies & in case of under construction projects it is the people’s hard earn money or loan taken from banks, it is not developers money at stake.
Government would be responsible - if something like this happens
Bigger Banking Crisis: if all the families staying in the affected areas stop paying EMI - 1 lakh families already staying & plus another 75000 families who have invested in house and have taken loan from the bank as per the progress of the development. (Let the state government pay for all the mistakes they have created)
As per today’s scenario normally all banks processing housing loans have rigours check list before they start processing the loan disbursement to the developers (banks normally advertise like “approved project”) -why should people pay to the banks as anyway the flat does not belong to them it belongs to the forest department and let the forest department pay all the EMI’s or the loan amount disbursed for under construction projects.
Few Questions that needs to be answered by the government bodies.
It has been almost 2 years (since May 2006) that discussion are been going backward & forward from Supreme Court to High Court & again to Supreme court to check the validated whether the land belongs to forest department or no.
Why was Government building infrastructure like roads, drainage, collected taxes like property tax, water tax, BEST giving power & plying bus for 50 years in these areas
What was forest department doing for 50 years when the development was happening?
Why was a stampduty & registration amount collected by state government?
Why did the BMC approved all the development plans
If Government departments are not integrated? It is not our mistake.
What prompted them to take action now?
I believe that It is high time government resolves this issue for the common man (for no faults of there’s) for all the people staying in these colonies & people who have invested in projects.
Who is the sufferer? Common man like us, who have been staying here for 4 decades or who have invested in house and paying Pre-EMI installments for last few years. (Without knowing whether he will get possession of the house)
Developers have already build complexes and handed over to housing societies & in case of under construction projects it is the people’s hard earn money or loan taken from banks, it is not developers money at stake.
Government would be responsible - if something like this happens
Bigger Banking Crisis: if all the families staying in the affected areas stop paying EMI - 1 lakh families already staying & plus another 75000 families who have invested in house and have taken loan from the bank as per the progress of the development. (Let the state government pay for all the mistakes they have created)
As per today’s scenario normally all banks processing housing loans have rigours check list before they start processing the loan disbursement to the developers (banks normally advertise like “approved project”) -why should people pay to the banks as anyway the flat does not belong to them it belongs to the forest department and let the forest department pay all the EMI’s or the loan amount disbursed for under construction projects.
Few Questions that needs to be answered by the government bodies.
It has been almost 2 years (since May 2006) that discussion are been going backward & forward from Supreme Court to High Court & again to Supreme court to check the validated whether the land belongs to forest department or no.
Why was Government building infrastructure like roads, drainage, collected taxes like property tax, water tax, BEST giving power & plying bus for 50 years in these areas
What was forest department doing for 50 years when the development was happening?
Why was a stampduty & registration amount collected by state government?
Why did the BMC approved all the development plans
If Government departments are not integrated? It is not our mistake.
What prompted them to take action now?
I believe that It is high time government resolves this issue for the common man (for no faults of there’s) for all the people staying in these colonies & people who have invested in projects.
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