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Making Aadhaar mandatory will be impactful to reduce fraud, says Earth Infrastructures Ltd:

As the number of fraudulent transactions and investments is on a rise in the country, the Union government has decided to make Unique Identification Authority of India (UIDAI) or Aadhaar card a necessary document for registering properties. Earth Group believes that the decision will prove impactful in avoiding such activities and is looking forward to its implementation.

The Center mooted for making Aadhaar card mandatory for property owners at a meeting of inspector general’s of stamps and registrations in Chandigarh recently. This move will identify the buyers and keep track of the money entering in the real estate industry, said Earth Group. The Center will make Aadhaar as a source of rooting out transactions which are entered into by non-residential Indians (NRI) and foreigners. With coverage of no less than 97% in the country, Aadhaar cards will help the Centre track individuals who purchase properties in India.

The officials who attended the meeting said that for the time being, states will accept other legal documents for identification of persons buying properties, but in future, Aadhaar numbers will be required for registration. However, according to a Supreme Court order, Aadhaar is purely voluntary by nature and cannot be made mandatory.

However, during the meeting, the Center ruled out the possibility of e-registration and mortgaging of properties, again fearing fraudulent transactions. While the state government wanted to do away with the presence of landowners before the registering authorities while mortgaging properties with financial institutions, it required the Center's assent to amend the Registration Act of 1908, which was turned down.

As reported by sources, the only state that is known to introduce e-mortgaging and registration was Maharashtra. However, in Maharashtra too, only structures which have more than 500 units and fall under the Rent Control Act are e-registered, confirmed Earth Infrastructures Ltd.

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Earth Group highlights the Budget desires in 2016 for land segment

The inaccessibility of shoddy assets and the decreasing interest in business sector are the most intense hindrances confronted by the land business. With a specific end goal to serve the credits, the designers at present need to pay a financing cost of around 14-16%. The stagnancy in realty market and languid deals is limiting inward accumulations of assets which bring about the designers searching for outside sources. The designers would be permitted to fit the bill for genuine money related guide from National Banks at a much moderate rate through an 'Industry Status' to realty area. Earth Group, an unmistakable name in the land part highlights that the endorsement system will end up being an extraordinary move as it will empower the designers to begin development on time, sparing colossal measure of assets. The delay in construction results in the increase in cost of construction and raises the price of property in the market. 

Earth Group states that the approval time frame would be cut down by almost half with the application of ‘Single Window Clearance’. It will have an impact on the housing prices as well. The problem of sluggish demand in the market would be resolved and the fund-flow cycle would be channelized.  Real estate sector is one of the most crucial and major contributors to the Gross Domestic Product (GDP). Thus the Honorable Finance Minister and Union Government should lay emphasis on the basic demands of realty sector apart from other aids in terms of tax rebate etc. in the upcoming budget.

‘Online uploading of Property details by Noida Authority will prove to be a great move’-Earth Group

Noida Authority will soon put property details online in order to bring transparency in property records. Earth Group, a widely known and trusted name in the real estate sector states that it is a great initiative by the authority that will make information available to people at a click of button and accessible from anywhere in the globe. The details will be online by the end of April 2016.

Further, it has been stated that the project is aimed at bringing all properties of Noida (industrial, commercial, residential or institutional), under one roof. Around 129 group housing property details have been uploaded online by the authority at present.

Earth Group has stated that the proposed project will be time-consuming, but would definitely make everyone’s life easy.

 This online system is supported by the Nutan Thakur, Lucknow based social activist who has put forward the demand that all property details in Noida, Greater Noida and Ghaziabad should be online without any delay.

The web portal of the concerned authority will provide the complete information to the people about the property they own. It will be a great move as it will enable to retrieve information about any property within minutes.

My view point for earth towne projects

My search for an ideal residential project ended with the project Earth Towne located at Greater Noida.  It feels great to find all the premium world-class features under one roof. It is exactly what I was looking for. All the features of this project are up to the mark. I’m thankful to Earth infrastructure developers for making me find my dream-like home.

Posted By: Vinay Jha

ME and My family happy to live in earth towne. my flat was awesome.

I recently shifted to Noida and was looking for an ideal residential 2 bhk apartment. Being new to the place I didn’t have much idea about the residential locations and realty developers. I got to know about Earth Infrastructure group through internet and was impressed by their projects. The project Earth Towne in Greater Noida   seemed to be the perfect option. On visiting the project location I was extremely happy and satisfied to find all the premium world- class amenities under one roof. It was exactly what the developers claimed it to be. I finally booked a 2 bhk apartment in this project.

Posted By:- VIJAY AGGRAWAL