Author Archive: Fair@dmin

Certificate now mandatory for Goan widows selling property

MARGAO: Goan widows including those residing abroad and wanting to sell or gift their property or carry out mutation will be unable to go ahead with the process unless they possess a certificate allowing them to carry out the property transactions. Widows from the state residing abroad are likely to face more difficulty in obtaining the certificate, as they will be required to obtain the document from the Indian embassy or consulate in the country of their residence. This document will further need an attestation by the concerned district collector. The certificate allowing widows to proceed with land transactions is mandatorily required by the Goa government to register the widows’ land transactions in the sub registrar’s office. A circular dated October 4 in this respect, issued by under secretary, revenue, Sudin A Natu, states that the concerned deputy…
Read more

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…
Read more