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Zirakpur Urban Estate Far From Reality By property The ultra-modern Zirakpur Urban Estate, to be developed by the Punjab Urban Development Authority (PUDA) in Singhpura, Ramgarh Bhudda and Nagla villages to give a fillip to the planned urban growth, continues to hang in fire even as the farmers and elected representatives are up in arms against the government’s move. The elected representatives of the area have again urged Chief Minister Amarinder Singh to intervene and stop the “forcible” acquisition of land by PUDA. In fact, the local MLA and SAD general secretary, Capt Kanwaljit Singh, has gone on record pledging “whole-hearted” support to the farmers. “The acquisition of land for the urban estate is a gross injustice to the residents and my party is with the farmers against the government decision,” the Akali leader says. With elections to the state Assembly nearly a year away, Capt Kanwaljit Singh’s reaction is expected. The run-up to the elections is likely to witness the politicians, cutting across the party lines, championing the people’s cause. However, the
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former state finance minister’s soft corner for colonisers is also well-known. (Article continued below)
The authority had already issued notices under Sections 4, 6 and 9 of the Land Acquisition Act, 1894, for the acquisition of about 200 acres in the first phase for the creation of a state-of-the-art urban estate on the strategic Chandigarh-Ambala highway. However, soon after the farmers opposed the move alleging that a majority of them are small and marginal farmers and PUDA is bent upon “uprooting” them. Another reason for the farmers’ opposition is that the compensation for the acquired land is “too less” and PUDA is adopting a “pick-and-choose” policy exempting lands of certain influential persons, alleges Mr Jagjit Singh Jaggi, coordinator for the villagers. Even the Zirakpur master plan clearly shows the proposed urban estate area in the Nagar Panchayat limits. Besides, the acquisition by PUDA is in violation of the Punjab New Capital Periphery Act, 1952, Mr Jaggi adds. It is being argued that with Zirakpur bursting at seams, the inclusion of the three villages in the Nagar Panchayat is a matter of time. If the villages are included in the Nagar Panchayat, private builders will step in to purchase the land at exorbitant prices. The anticipation of higher prices for the land is fuelling the farmers’ protests, sources say. Acquire information on Real Estate at http://www.propertyvertical.com For information on Real Estate Property in Delhi, Gurgaon and surrounding areas Visit http://www.propertyvertical.com/delhi Source: tribune.com | Sign In |
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<P><FONT face=Verdana,Geneva,Arial,Helvetica,Sans-Serif><STRONG>Wi-Fi around Chicago..</STRONG></FONT></P>
<P><FONT face=Verdana,Geneva,Arial,Helvetica,Sans-Serif><FONT size=2>The Daley Center between Clark and Dearborn is now (as of September 2003) a wi-fi hot zone. I have not personally connected there, but the word is </FONT><FONT size=2>that the signal around Daley Plaza and Block 37 is strong. Click <A href="http://www.xchicago.com/main/article.php?articleID=413">here</A> for more information. </FONT></FONT></P>
<P><FONT size=2>If you are outside of downtown Chicago,the UPS stores (formerly Mailbox Etc.) will have wi-fi access (for a fee) in mid-September as will many McDonalds (for a fee). <A href="http://www.computerworld.com/mobiletopics/mobile/story/0,10801,80914,00.html">UPS story</A></FONT></P>
<P><FONT size=2></FONT> </P>
<P><FONT face=Verdana,Geneva,Arial,Helvetica,Sans-Serif><STRONG>Truth about Annuities</STRONG></FONT></P>
<P><FONT face=Verdana,Geneva,Arial,Helvetica,Sans-Serif size=2>Many clients buy annuities. I think it is fair to say that most clients do not understand the annuities and, in many cases, the annuity purchase was an inappropriate choice. In my opininion annuities are appropriate when:</FONT></P>
<P><FONT face=Verdana,Geneva,Arial,Helvetica,Sans-Serif size=2>1. The client wants to save more for retirement and already puts the maximum in his or her IRA/401k; </FONT></P>
<P><FONT face=Verdana,Geneva,Arial,Helvetica,Sans-Serif size=2>2. The client is in a high tax bracket and wants to reduce taxes;</FONT></P>
<P><FONT face=Verdana size=2>3. The client won't need the principal for quite a long time and the annuity makes up a small portion of the client's total investments.</FONT></P>
<P><FONT face=Verdana size=2>I have one client who paid no income tax, was 85 years old, had been retired for 20 years and purchased 4 annuities with all of her liquid assets; her only other assets, after the mass annuity purchases, were her condo and a checking account. The annuities were "unsuitable" for her, but were perfect for the annuity salesperson who netted at least $20,000 in commissions.</FONT></P>
<P><FONT face=Verdana><FONT size=2> See the </FONT><A href="http://www.annuitytruth.org/"><FONT size=2>annuity truth</FONT></A><FONT size=2> web site for some interesting reading on annuities and whether one is right for you </FONT></FONT></P>
<P><FONT face=Verdana,Geneva,Arial,Helvetica,Sans-Serif size=2><STRONG>What to Do if Your Mortgage Lender Bails Out on You</STRONG></FONT></P>
<P><FONT face=Verdana,Geneva,Arial,Helvetica,Sans-Serif size=2>Recently, as interest reates rose and the number of files on their desks exploded to record levels, mortgage companies have bailed out on clients and failed to close. In two cases I am involved in (both of which are new construction) the mortgage companies literally "forgot" about the client. The loans were not ready to close because no one paid attention to the file for months. The other problem is that many lenders are so busy that they can't close by the end of the "lock-in" period. The client is left with a lame promise that the mortgage company will do a "free refinance" later to cure the problem.</FONT></P>
<P><FONT face=Verdana,Geneva,Arial,Helvetica,Sans-Serif size=2>How can you prevent this? Pick a reputable lender in the first instance; not one from the internet or your brother-in-law who thought he would try out mortgage brokerage. Stay in touch with the lender. If all else fails, file a complaint with the office of banks and real estate. Here is the form to file the complaint:</FONT></P>
<P><FONT face=Verdana,Geneva,Arial,Helvetica,Sans-Serif size=2> </FONT><A href="http://www.bre.state.il.us/CONSUMER/FORMS/c-Form41.pdf"><FONT face=Verdana,Geneva,Arial,Helvetica,Sans-Serif size=2><a href="http://www.bre.state.il.us/CONSUMER/FORMS/c-Form41.pdf">http://www.bre.state.il.us/CONSUMER/FORMS/c-Form41.pdf</a></FONT></A><FONT face=Verdana,Geneva,Arial,Helvetica,Sans-Serif size=2> </FONT></P>
<P><FONT face=Verdana,Geneva,Arial,Helvetica,Sans-Serif size=2>It rarely pays to file a lawsuit against the lender. Attorneys fees are cost prohibitive and your damages are hard to prove.</FONT></P>
<P><FONT face=Verdana,Geneva,Arial,Helvetica,Sans-Serif size=2> </FONT></P>
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Arranging to make sure your assets pass to those who you want to have them after your death.
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