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Realtors rush to deposit money for grabbed land : The Tribune India

Posted on 17/02/2023 by

Tribune News Service

Vishav Bharti

Chandigarh, February 15

Getting scared of legal action, a large number of realtors, who have panchayat lands in their possession, have made a beeline to deposit money to the government.

According to officials of the Department of Rural Development and Panchayats, 65 developers (almost 50 per cent) have submitted applications to the government, showing willingness to deposit money for the land, which falls inside their projects.

80 acres with developers

  • 65 developers (almost 50 per cent) have submitted applications to the government, showing willingness to deposit money for the land, which falls inside their projects
  • The DCs will form committees to fix the land price
  • The developers will pay as per price fixed by committees
  • Around 80 acres of the panchayat land worth Rs 500 crore are lying inside the projects of realtors in Mohali, Patiala, Ludhiana, Amritsar and Bathinda

Financial Commissioner, Rural Development and Panchayats, K Sivaprasad said following the application, the matter had been referred to the districts concerned.

The DCs would form committees for fixing the price of the land. The developers will pay as per the price fixed by the district committees, he said.

Now the DCs would analyze and fix the price keeping in view the rate on which land was acquired in the district concerned in the past one year or the market rate on which land registration was executed.

Until The Tribune highlighted the scam in November-end, these developers in connivance with government officials didn’t pay a single penny to government despite the fact that huge chunks of panchayat lands fell inside their projects.

In its edition on December 1, The Tribune had reported that around 80 acres of the panchayat land worth Rs 500 crore were lying inside the projects of realtors in Mohali, Patiala, Ludhiana, Amritsar and Bathinda, but the department had failed to recover money from them. The land has been in possession of developers for more than a decade.

Chief Minister Bhagwant Mann had ordered the department to recover money from them within three months. Taking cognisance of The Tribune report, the Enforcement Directorate had also started a probe into the matter under the Prevention of Money Laundering Act, 2002.

Category: Realtor
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  • Spacious Bay Ridge Apartment With Stained Glass, Dining Room, Office Asks $2,800
  • Texas Gov. Greg Abbott To Ban Land Ownership for Entities from ‘Hostile’ Countries
  • Doug Nussmeier interviewed for Ravens offensive coordinator
  • Local realtor trekking at altitude in Ecuador to fund women’s shelter
  • Boerum Hill Row House With Plasterwork, Moldings, Wide-Plank Floors Asks $3.995 Million

alternative ways to sell your house buy my house home realtor home sellers house buying companies house realtor houses how do you search by mls number? how to sell your home online how to sell your house by owner how to sell your own house my realtor national association of realtors realtor realtor.com find a home realtor.com florida realtor.com mi realtor.com official site realtor.com rentals realtor.com texas realtor definition realtor homes for sale realtor logo realtor md realtor nc realtor near me realtor net realtor on realtor one realtor pa realtor pronunciation realtors realtor websites sell home by owner sell home for cash sell home online sell home quick selling a house sell my home sell my own home steps to selling a house by owner the realtor the realtors what does a realtor do yahoo real estate listings

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