Category: INDIA / WORLD

Delhi HC Directs CBI Investigation into Repeated PILs on Unauthorized Constructions.

July 30, 2024

NEW DELHI: In a cautionary move aimed at litigants and lawyers who use Public Interest Litigations (PILs) concerning unauthorized construction as a bargaining tool, the Delhi High Court has ordered a CBI probe into one such case. A bench consisting of Acting Chief Justice Manmohan and Justice Tushar Rao Gedela involved the CBI after encountering […]

Delhi HC Directs CBI Investigation into Repeated PILs on Unauthorized Constructions.more

RERA in States and UTs Dispose of Nearly 1.25 Lakh Consumer Complaints

July 26, 2024

NEW DELHI: According to the Economic Survey 2023-24, real estate regulators in various states and Union Territories have resolved nearly 1.25 lakh consumer complaints against developers. The Real Estate (Regulation & Development) Act, 2016, commonly referred to as RERA, was enacted to bring significant reforms to India’s real estate sector. The primary aim of RERA […]

RERA in States and UTs Dispose of Nearly 1.25 Lakh Consumer Complaintsmore

The government of Karnataka proposes a bill to tax unapproved buildings’ property.

July 24, 2024

BENGALURU: On Monday, the Karnataka government introduced two crucial bills in the legislative assembly aimed at increasing revenue and preventing water theft. The Karnataka Municipalities and Certain Other Law (Amendment) Bill, 2024, and the Karnataka Irrigation (Amendment) Bill are designed to hold officials accountable for lapses in property tax collection and curb water theft from […]

The government of Karnataka proposes a bill to tax unapproved buildings’ property.more

Karnataka HC: Disgruntled Home Buyers Must Identify Promoters in Complaint.

July 23, 2024

In a recent ruling, the Karnataka High Court emphasized the necessity for home buyers to name the promoters in their complaints against real estate companies. This comes in response to a common issue where real estate firms declare insolvency while their promoters continue to thrive financially. Some promoters exploit this situation by declaring bankruptcy and […]

Karnataka HC: Disgruntled Home Buyers Must Identify Promoters in Complaint.more

Delhi High Court Quashes Lookout Circulars Against Supertech Realtors’ Director.

July 18, 2024

The Delhi High Court has nullified the lookout circulars (LoCs) issued against Mohit Arora, director of Supertech Realtors, by the Bureau of Immigration. These LoCs were requested by the Bank of Baroda and Union Bank of India. However, the court clarified that its ruling does not address LoCs issued against Arora at the request of […]

Delhi High Court Quashes Lookout Circulars Against Supertech Realtors’ Director.more

On August 12, SEBI will auction 19 properties owned by seven companies.

July 15, 2024

NEW DELHI: The Securities and Exchange Board of India (SEBI) has announced an auction of 19 properties belonging to seven companies, including Mangalam Agro Products, Sun Plant Business Ltd, and Sumangal Industries, scheduled for August 12. This action is part of SEBI’s efforts to recover funds unlawfully raised from investors by these firms. Other companies […]

On August 12, SEBI will auction 19 properties owned by seven companies.more

UP-RERA Directs Authorities to Halt Issuance of Temporary Occupancy Certificates

July 13, 2024

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has instructed competent authorities to cease issuing temporary completion certificates (C.C.) or occupancy certificates (O.C.), as these are not permissible under current laws. In addition, UP-RERA has mandated that all industrial and housing development authorities must specify the names of the relevant towers or blocks […]

UP-RERA Directs Authorities to Halt Issuance of Temporary Occupancy Certificatesmore

Bengaluru Civic Body Collects Just Rs 463 Crore Property Tax Through OTS.

July 11, 2024

BENGALURU: The BBMP’s ‘One Time Settlement’ (OTS) initiative, aimed at recovering overdue taxes, has seen a lackluster response. With the July 31 deadline nearing, the civic body has collected just Rs 463.03 crore, leaving Rs 624.88 crore unpaid. BBMP officials have collected Rs 73.9 crore in the Bommanahalli zone, with Rs 82.77 crore outstanding. In […]

Bengaluru Civic Body Collects Just Rs 463 Crore Property Tax Through OTS.more

MahaRERA Takes Action Against 628 Projects for Registration and QR Code Non-Compliance

July 8, 2024

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has proactively targeted 628 housing projects across the state for failing to comply with regulations requiring the display of registration numbers and QR codes in advertising materials. Of these 628 projects, 312 are from the Mumbai region, including Mumbai, Mumbai suburban, Thane, Nashik, and Konkan. About 250 […]

MahaRERA Takes Action Against 628 Projects for Registration and QR Code Non-Compliancemore

Gujarat RERA Halts Over 1,000 Project-Linked Bank Accounts.

July 4, 2024

In a significant setback for developers throughout Gujarat, over 1,000 real estate project-linked bank accounts have been frozen by the Gujarat Real Estate Regulatory Authority (GujRERA) due to non-compliance issues. Developers of these projects failed to meet Quarter-End (QE) compliances by not updating the project completion status with GujRERA within the specified deadline or seeking […]

Gujarat RERA Halts Over 1,000 Project-Linked Bank Accounts.more

Category: INDIA / WORLD

Sign Up for our Free Newsletter