Author Archive: Fair@dmin

Kingfisher House to be auctioned for the sixth time on February 13


MUMBAI: Kingfisher Airlines’ (KAL) erstwhile headquarters has been put on the block for the sixth time by the Debt Recovery Tribunal Bangalore. The reserve price is Rs 82 crore which is over 45 per cent lower than the asking price in the first auction. The tribunal has said that the sale will take place on February 13, 2017 through e-auction. The sale follows a recovery certificate being issued by the tribunal for recovery of Rs 6203 crore along with costs and interest at the rate of 11.5 per cent from June 2013. The fifth auction in May last year had failed with no one making a bid for the property. The earlier reserve price was Rs 92 crore. According to real-estate brokers, although the property is at a prime location, close to the airport there are no takers…
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Goa mulls law to check fraudulent sale of NRIs’ properties

NRI property

The Goa government is mulling to frame a law to check fraudulent sales of the ancestral properties of NRIs and expatriates in the state. Goa’s town and country planning minister Vijai Sardesai, on his return from a tour of Dubai today, told reporters near here that Goans living overseas said that at times their properties in the beach state were sold by fraudulent means without they being aware of it. “During my visit there, I interacted with several Goans, who have listed out their problems. One of the major problems is that their ancestral properties in Goa are sold fraudulently without their information,” he said. Many a times a person having power of attorney for a property signs the document selling it to the third party without even informing the owner, the minister said. “When they come back…
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