Feature
Cases of fraud reported in Builder Shine City under RERA investigation
In the investigation of RERA, a fake builder Shine City working in many cities, including Lucknow, has emerged out .
The builder registered a project of 58 plots in Lucknow and booked around 3,000. The area of the plan also got 18 times more. It has been said in the report that developers Amitabh Shrivastav, Rajiv Kumar Singh and Asif Naseem have been fraudulent with allotments to sell the plot.
In the solitaire city, the builder also sold 600 plots. There is also a booking of 1270 plots. RERA Secretary Abrar Ahmed has recommended the cancellation of the builder’s registration. According to the report submitted to RERA Secretary Rashid Naseem and Asif Nasim, the builder company for Shine Valley phase-1, had 14,330 sqm area at the time of registration.
At the time of the investigation, Shine Valley extensions, Green Homes, Dream Homes was part of the same project. On the total area, the project has increased to 2,47,842 The number of allocations was only 58 on the portal. It was increased to 1000 after the hearing.
Three schemes were sold without registration plots. Similarly, in the Paradise Garden, the builder showed the development of 38 plots. How much money was taken from allotments to bookings here none of this information was given to RERA technical team. In Lucknow, the builder started the project in the name of Nature Valley. When the complaint was received by RERA, it came to know that this project was sold in the name of Nature Valley, Samriddhi Gullak, Samriddhi Gullak Nature Valley.
725 plots were booked here. 329 out of 725 Registry has also been done. Here only 30 percent development works have been done, the work is currently closed. The builder gave information that RERA was pending approval of the map in the district panchayat.
It is clear, therefore, that the project has not been accepted from the competent level.
Secretary Aabar Ahmed ,said that all projects running in Shine City in Uttar Pradesh were examined including Projects running in Kanpur, Agra, Agra, Varanasi, Kanpur, Prayagraj, Kausambi, Mirzapur, Feh Tehpur, Gorakhpur, Barabanki. Registration of any project has not been done in the RERA. Many irregularities have also emerged. The builder has now sought information on 20 points. The builder has 15 days time. The hearing will be on April 29.
The State Scores Extra High on Gaming-Friendly Industry Index
Meghalaya scored 92.85 out of 100 possible points in a Gaming Industry Index and proved to be India’s most gaming-friendly state following its recent profound legislation changes over the field allowing land-based and online gaming, including games of chance, under a licensing regime.
The index by the UK India Business Council (UKIBC) uses a scale of 0 to 100 to measure the level of legalisation on gambling and betting achieved by a state based on the scores over a set of seven different games – lottery, horse racing, betting on sports, poker, rummy, casino and fantasy sports
Starting from February last year, Meghalaya became the third state in India’s northeast to legalise gambling and betting after Sikkim and Nagaland. After consultations with the UKIBC, the state proceeded with the adoption of the Meghalaya Regulation of Gaming Act, 2021 and the nullification of the Meghalaya Prevention of Gambling Act, 1970. Subsequently in December, the Meghalaya Regulation of Gaming Rules, 2021 were notified and came into force.
All for the Tourists
The move to legalise and license various forms of offline and online betting and gambling in Meghalaya is aimed at boosting tourism and creating jobs, and altogether raising taxation revenues for the northeastern state. At the same time, the opportunities to bet and gamble legally will be reserved only for tourists and visitors.
“We came out with a Gaming Act and subsequently framed the Regulation of Gaming Rules, 2021. The government will accordingly issue licenses to operate games of skill and chance, both online and offline,” said James P. K. Sangma, Meghalaya State Law and Taxation Minister speaking in the capital city of Shillong. “But the legalized gambling and gaming will only be for tourists and not residents of Meghalaya,” he continued.
To be allowed to play, tourists and people visiting the state for work or business purposes will have to prove their non-resident status by presenting appropriate documents, in a process similar to a bank KYC (Know Your Customer) procedure.
Meghalaya Reaches Out to a Vast Market
With 140 millions of people in India estimated to bet regularly on sports, and a total of 370 million desi bettors around prominent sporting events, as per data from one of the latest reports by Esse N Videri, Meghalaya is set to reach out and take a piece of a vast market.
Estimates on the financial value of India’s sports betting market, combined across all types of offline channels and online sports and cricket predictions and betting platforms, speak about amounts between $130 and $150 billion (roughly between ₹9.7 and ₹11.5 lakh crore).
Andhra Pradesh, Telangana and Delhi are shown to deliver the highest number of bettors and Meghalaya can count on substantial tourists flow from their betting circles. The sports betting communities of Karnataka, Maharashtra, Uttar Pradesh and Haryana are also not to be underestimated.
Among the sports, cricket is most popular, registering 68 percent of the total bet count analyzed by Esse N Videri. Football takes second position with 11 percent of the bets, followed by betting on FIFA at 7 percent and on eCricket at 5 percent. The last position in the Top 5 of popular sports for betting in India is taken by tennis with 3 percent of the bet count.
Local Citizens will Still have Their Teer Betting
Meghalaya residents will still be permitted to participate in teer betting over arrow-shooting results. Teer is a traditional method of gambling, somewhat similar to a lottery draw, and held under the rules of the Meghalaya Regulation of the Game of Arrow Shooting and the Sale of Teer Tickets Act, 2018.
Teer includes bettors wagering on the number of arrows that reach the target which is placed about 50 meters away from a team of 20 archers positioned in a semicircle.
The archers shoot volleys of arrows at the target for ten minutes, and players place their bets choosing a number between 0 and 99 trying to guess the last two digits of the number of arrows that successfully pierce the target.
If, for example, the number of hits is 256, anyone who has bet on 56 wins an amount eight times bigger than their wager.
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