Category: Legal Article

Flat Sale Agreement Not Mandatory for Relief Under Real Estate Law: Rules MREAT

May 27, 2025

MUMBAI: In a significant ruling, the Maharashtra Real Estate Appellate Tribunal (MREAT) has overturned a 2020 MahaRERA decision that had denied compensation to a homebuyer due to the absence of a registered sale agreement. The tribunal found the denial unjustified and directed the developer to refund the sum paid by the buyer, along with applicable […]

Flat Sale Agreement Not Mandatory for Relief Under Real Estate Law: Rules MREATmore

Home Loan Borrowers Decline by 35% in FY25, Yet Average Mortgage Size Rises in Gujarat

May 24, 2025

AHMEDABAD: Gujarat’s housing finance landscape is showcasing a contrasting development—while the overall disbursement of home loans is increasing, the number of individual borrowers is witnessing a significant decline. In FY 2025, total housing finance disbursals in the state reached ₹58,399 crore, reflecting an 8.9% rise from ₹53,590 crore in FY 2024. However, during the same […]

Home Loan Borrowers Decline by 35% in FY25, Yet Average Mortgage Size Rises in Gujaratmore

Gurugram Civic Body Issues Notices to 22 Property Owners Owing Over ₹50 Lakh Each in Taxes

May 21, 2025

GURUGRAM: In a major enforcement move, the Municipal Corporation of Gurugram (MCG) on Tuesday issued notices to 22 prominent property tax defaulters, each of whom owes more than ₹50 lakh in outstanding dues. The step was initiated by the MCG’s taxation department as part of a larger campaign to recover unpaid taxes and strengthen municipal […]

Gurugram Civic Body Issues Notices to 22 Property Owners Owing Over ₹50 Lakh Each in Taxesmore

Indian REITs Distribute ₹1,553 Crore in Q4 FY25, Marking Strong Yearly Growth

May 15, 2025

NEW DELHI: In the fourth quarter of the financial year ending March 31, 2025, four publicly listed Real Estate Investment Trusts (REITs) in India collectively distributed over ₹1,553 crore to more than 2.64 lakh unitholders. This reflects an increase of approximately 13% compared to the ₹1,377 crore disbursed during the same period in the previous […]

Indian REITs Distribute ₹1,553 Crore in Q4 FY25, Marking Strong Yearly Growthmore

CBI Requests Land Allotment Files, Maps, and Lease Deeds for Four Housing Societies from YEIDA

NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has submitted a set of key documents to the Central Bureau of Investigation (CBI) as part of an ongoing probe into a suspected builder-bank nexus linked to the misuse of subvention schemes in housing projects. The materials handed over include land allotment files, lease deeds, approved building […]

CBI Requests Land Allotment Files, Maps, and Lease Deeds for Four Housing Societies from YEIDAmore

Carlyle Group Fully Exits PNB Housing Finance with ₹2,712 Crore Stake Sale

May 12, 2025

New Delhi: Global investment firm Carlyle Group has fully exited its investment in PNB Housing Finance by selling its entire 10.44% stake for ₹2,712 crore through open market transactions on Friday. The US-based investment firm sold the stake through its affiliate, Quality Investment Holdings PCC. The transaction involved the sale of over 2.71 crore shares […]

Carlyle Group Fully Exits PNB Housing Finance with ₹2,712 Crore Stake Salemore

Star Housing Finance Sees 25% Profit Growth in FY25

Star Housing Finance Limited (Star HFL), a BSE-listed company, reported a 25% increase in its profit after tax (PAT) for the financial year ending March 31, 2025. The PAT rose to ₹11.10 crore, compared to ₹8.88 crore in the previous financial year. The company’s total annual revenue jumped to ₹94.96 crore, marking a strong 54% […]

Star Housing Finance Sees 25% Profit Growth in FY25more

Around 60 Builders and Companies in Gurugram Found Illegally Drawing Groundwater: HWRA Committee Formed

May 10, 2025

GURUGRAM: In a significant crackdown on unauthorized groundwater extraction, the Haryana Water Resources Authority (HWRA) has identified around 60 builders and firms in Gurugram that have been illegally drawing groundwater. Following this discovery, HWRA last week constituted a dedicated committee tasked with inspecting these sites and sealing borewells that do not adhere to the required […]

Around 60 Builders and Companies in Gurugram Found Illegally Drawing Groundwater: HWRA Committee Formedmore

Bombay High Court Criticizes Maharashtra RERA for Avoiding Hybrid Hearings

May 4, 2025

MUMBAI: The Bombay High Court strongly criticized the Maharashtra Real Estate Regulatory Authority (MahaRERA) for persisting with virtual-only hearings and showing unwillingness to resume hybrid or in-person proceedings. During a hearing on Wednesday, Justices Revati Mohite Dere and Neela Gokhale questioned the rationale behind denying physical appearances. “What is the difficulty in allowing parties to […]

Bombay High Court Criticizes Maharashtra RERA for Avoiding Hybrid Hearingsmore

Project Financing to Resume This Quarter at PNB Housing Finance: MD

May 3, 2025

KOLKATA: Mortgage lender PNB Housing Finance is poised to resume project financing operations this quarter after a hiatus of three years. The company is leveraging its strengthened asset quality to re-enter the developer financing segment—a space that previously posed challenges. Managing Director Girish Kousgi revealed to The Economic Times that the lender already has a […]

Project Financing to Resume This Quarter at PNB Housing Finance: MDmore

Category: Legal Article

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