Daily Archive: April 20, 2018

Notice to impeach CJI : Advocates says it is unjustified , darkest day in the history of India

K M Kapur , Advocate.

Although it is a political move, first in the history of democratic India n therefore I as an advocate may not be in a position to say much on the move yet I will like to comment that move is unwanted, unwarranted and unjustified. The present Chief Justice of India is very very brilliant and sharp and is capable of deciding the toughest matters on its merits and without an iota of bias. He as Chief Justice conducts the Court in a manner which is worth watching. As it is always believed that Indian Judiciary is Independent and no interference in it by any Government is entertained then by that yardstick the so-called alleged Notice of impeachment is nothing but an interference in Judiciary. He will be completing his tenure as CJI on Ist October, 2018 and there should not be any move to dislodge him before that. He should be allowed to complete his term peacefully. Any impeachment move made by the political parties will meet its Waterloo in Parliament. This move is certainly unfortunate and will establish as a black day if moved n discussed.

Adv Priti Sirohi

Freedom of the Indian Judiciary at stake:-
Today is the darkest day in the history of Indian Judicial System as the Legislature has directly interfered in the working of the Hon’ble CJI by moving an impeachment motion against him. This has sent a wrong message to the lower judiciary as now the judges will be frightened to take decisions in any High Profile case. They’ll be undee a constant fear of being removed from the office if the decision doesn’t pleases the politicians. This is a vlear misuse of the power given to them by the Indian Constitution.

ATS’ HomeKraft to invest Rs 500 cr in its first project, launches Happy Trails.

ATS’ HomeKraft to invest Rs 500 cr in its first project, launches Happy Trails

New Delhi, April 20,2018: HomeKraft, an ATS Group company, one of the leading real estate developer in the National Capital Region (NCR) has launched its first project in Greater Noida West, Uttar Pradesh.

The company plans to invest Rs 500 crore to develop the project and will fund it from debt, internal accruals and customer advances.

The project, Happy Trails, which is expected to be delivered by 2022 is the first project by newly created entity HomeKraft by ATS Group to focus on mid segment housing. It will have 17 lacs sqft saleable area with 80% green area development and an excellent connectivity.

“This is our first project and we are sure it will set benchmarks for realty development in the region. Our lineage has been to deliver top quality projects and execute it within the committed deadline. We believe market is now ripe for the mid segment housing to grow at a steady pace for capital appreciation as well as housing demand,” Mr. Prasoon Chauhan, CEO, HomeKraft, an ATS Group company said.

Happy Trails in Sector 10 Greater Noida West would feature a central Clubhouse, swimming pool, tennis court and green landscaping. The Club facilities include indoor squash room, multi-purpose Hall, card rooms, indoor gymnasium, etc.

It will come in 2 & 3 Bedroom With Study with sizes starting 1165 sq ft to 1625 sq ft. These apartments would qualify under the PMAY scheme, wherein, various concessional schemes of govt. like interest subvention under CLSS, concessions on GST etc. are available. All these benefits would pass on to the customer basis their respective eligibility and further reduce the cost of the apartment.

HomeKraft is led by Mr. Prasoon Chauhan, CEO, a banking veteran with more than twelve years of real estate finance experience in two of the finest private sector banks of the country namely ICICI Bank and Yes Bank.

ATS has already witnessed a phenomenal growth with nearly 30 million square feet of residential space delivered and 40 million square feet underway, nearly 7,000 units of apartments delivered, 3,500 dedicated workforce, extraordinary in-house construction, security, facility and maintenance teams and unmatched brand equity.

Experts believe there is a strong demand for affordable and mid income housing segment as also it is a key pillar of Indian Government’s vision of Housing for All. With recovery now expected in the overall real estate sector, affordable and mid segment housing, which can benefit from PMAY are set to reap the benefits of revived buyer demand.