Category: INDIA / WORLD

Builders Cannot Deduct More Than 10% of Base Price in Case of Cancellation by Homebuyers: Supreme Court

February 5, 2025

NEW DELHI: In a landmark decision, the Supreme Court has ruled that real estate developers cannot enforce one-sided agreements that unfairly favor them, particularly in cases where homebuyers seek to cancel their bookings. The court made it clear that developers cannot deduct unreasonable amounts upon cancellation and that forfeiture should not exceed 10% of the […]

Builders Cannot Deduct More Than 10% of Base Price in Case of Cancellation by Homebuyers: Supreme Courtmore

Home First Finance Company India Reports 23.55% Increase in Net Profit for Q3 FY25

January 30, 2025

NEW DELHI: Home First Finance Company India has posted a notable 23.55% rise in its net profit for the quarter ending December 31, 2024. According to the company’s filing with the BSE, its profit after tax (PAT) surged to ₹97.38 crore in Q3 FY25, compared to ₹78.82 crore in the same quarter of the previous […]

Home First Finance Company India Reports 23.55% Increase in Net Profit for Q3 FY25more

Unlocking the Potential of India’s Real Estate Markets beyond Metros

January 28, 2025

Gone are the days when only Tier I cities dominated India’s realty sector. Emerging micro markets in Tier II and III cities are the next real estate hotspots. These smaller cities are gaining prominence due to their affordability, increasing job opportunities, and enhanced quality of life. As a result, developers, investors, and residents are increasingly […]

Unlocking the Potential of India’s Real Estate Markets beyond Metrosmore

Allahabad High Court Dismisses Farmer’s Plea for Additional 4% Developed Land

NOIDA: The Allahabad High Court has rejected a petition filed by a farmer seeking additional developed land as compensation, stating that previous judicial rulings cannot serve as a precedent for fresh claims. The petitioner, Ram Beer Singh, had requested an additional 4% of developed land, citing the 2011 full-bench judgment in the Gajraj case. He […]

Allahabad High Court Dismisses Farmer’s Plea for Additional 4% Developed Landmore

Pune Municipal Corporation Pushes for 15 Government Land Parcels to Drive Key Projects

January 22, 2025

PUNE: The Pune Municipal Corporation (PMC) has requested the allocation of 15 government land parcels from the state government to expedite several delayed projects. According to the civic administration, the timely allocation of these land parcels could accelerate initiatives like the 24×7 water supply scheme, road widening at Mundhwa, and the development of a playground […]

Pune Municipal Corporation Pushes for 15 Government Land Parcels to Drive Key Projectsmore

MahaRERA Orders Honest Shelters to Transfer Flats to IIFL

January 20, 2025

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA), in a detailed order issued on January 16, instructed Honest Shelters to hand over possession of six flats in the “Palais Royale” project located in Worli to India Infoline Finance Limited (IIFL). Additionally, the regulatory body directed the promoter to pay interest to IIFL for the delayed […]

MahaRERA Orders Honest Shelters to Transfer Flats to IIFLmore

Bengaluru: Builders Allegedly Sell Six Flats to Multiple Buyers Using Forged Documents

BENGALURU: In a shocking case of alleged fraud, a south Bengaluru-based auditor and five others have accused three brothers running a real estate firm of selling six flats in an apartment complex to multiple buyers using forged documents. An FIR has been lodged by the Banashankari police following a complaint from 53-year-old S. Vidyasagar, an […]

Bengaluru: Builders Allegedly Sell Six Flats to Multiple Buyers Using Forged Documentsmore

Maharashtra RERA Caps SRO Appointee Tenure at Two Years

January 16, 2025

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced a policy limiting the tenure of representatives from Self-Regulatory Organisations (SROs) assisting with housing project registrations to a maximum of two years. This measure aims to prevent potential conflicts of interest and enhance the efficiency of the registration process. In its directive to the SROs, MahaRERA […]

Maharashtra RERA Caps SRO Appointee Tenure at Two Yearsmore

Regularisation Plea Can Be Entertained Only for Irregular, Not Illegal, Structures: HC

January 14, 2025

PANAJI: The Bombay High Court at Goa rejected the plea of Abdul Linganmata, who sought the regularisation of his structure in Assolda. The panchayat, the director of panchayats, and the district court had all previously determined that Linganmata’s structure was newly constructed and illegal. Linganmata challenged the district court’s decision before the high court. In […]

Regularisation Plea Can Be Entertained Only for Irregular, Not Illegal, Structures: HCmore

Maharashtra RERA Freezes Bank Accounts of Over 1,950 Stalled Real Estate Projects

January 13, 2025

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has intensified its crackdown on real estate developers responsible for stalled or lapsed projects by freezing the bank accounts of over 1,950 such ventures. This decisive action is aimed at enforcing accountability among developers while protecting the interests of homebuyers who have been impacted by delayed or incomplete […]

Maharashtra RERA Freezes Bank Accounts of Over 1,950 Stalled Real Estate Projectsmore

Category: INDIA / WORLD

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