Mysore/Mysuru: A City Court has imposed a penalty of Rs.4.33 crore on two partners of a Real Estate firm in connection with three cheque bounce cases. One B. Bhyrappa of Madagalli in Yelwal hobli of the taluk, had filed three separate criminal cases in the Court alleging that three cheques totalling Rs.4.33 crore issued by…
Mysuru: Real Estate sector is growing and so are the scams and frauds associated with it. Though many buyers now-a-days are more informed, ironically many are still susceptible to scams and frauds sometimes by close friends and associates like this person who was cheated of Rs.20 lakh by his friend who promised a house site…
Mysuru: With effect from May 1, 2017, a new Act called Real Estate (Regulation and Development) Act, 2016 is coming into force. The Act seeks to protect home-buyers as well as help to boost the investments in the real estate industry. The Act makes it mandatory for all commercial and residential real estate projects where…
Even as land price is soaring by the day in city, the real estate mafia has raised its ugly head once again by making attempts to grab prime land space by creating fake documents. In one such instance, the Udayagiri Police have arrested two persons, including a woman, for cheating in the registration of a…
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