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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Circular Urges Moderation in Pre-emptive Purchase Orders Under Chapter XXC to Prevent Harassment of Honest Real Estate Transactions.</h1> The circular addresses grievances related to pre-emptive purchase orders under Chapter XXC by Appropriate Authorities (AAs). It emphasizes the chapter's objective to curb black money in real estate and ensure true property value declarations. The circular advises AAs to exercise moderation and avoid harassing honest buyers and sellers. It references a 1986 conference decision that pre-emptive purchase should occur only when justified, with a reserve price set at least 15% above the purchase price or apparent consideration. This 15% limit should not be applied rigidly, considering potential estimation errors, as parties are not given a hearing before purchase orders are issued.
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