Category: Legal Article

The DDA makes land pooling more flexible and appealing.

September 15, 2021

On September 14, the Delhi Development Authority gave final approval to Additional Development Control (ADC) regulations for areas designated under its ambitious land pooling scheme, in order to make it more appealing to landowners and commercial developers. The proposed ADC regulations, which would see the adoption of new elements such as vertical mixing and transferable […]

The DDA makes land pooling more flexible and appealing.more

AAI Begins Enforcing New Construction Height Limitations in Juhu and Dahisar.

September 14, 2021

Because of the presence of radars for civil and commercial planes, the Airports Authority of India (AAI) has begun enforcing new construction height limitations in Juhu and Dahisar. This has resulted in a reduction in allowable building height, which is impacting apartment redevelopment and new developments in certain locations. Building heights are now significantly lowered […]

AAI Begins Enforcing New Construction Height Limitations in Juhu and Dahisar.more

‘Other charges’ obtained by the builder will be subject to 18% GST: AAR

September 8, 2021

A recent judgment issued by the GST-Authority for Advance Rulings (AAR) to Puranik Builders is expected to have a negative impact on both the builders and the consumers, since it may raise expenses. The AAR has ruled that “other charges” received by a builder under a sale agreement are not a composite supply and would […]

‘Other charges’ obtained by the builder will be subject to 18% GST: AARmore

India Post Payments Bank and LIC Housing partner to sell home loans

September 7, 2021

According to a statement issued on Tuesday, India Post Payments Bank (IPPB) has partnered with LIC Housing Financing to market the latter’s housing finance products to its 4.5 crore clients. According to the announcement, IPPB would make LIC Housing Finance Ltd’s (LICHFL) home loan products available to its clients across India through its robust and […]

India Post Payments Bank and LIC Housing partner to sell home loansmore

Housing ICRA predicts overall real estate inventory to decrease by 40-60%.

Pending home sales in the United States fell for the second month in a row in July.

September 1, 2021

Contracts to acquire previously owned houses in the United States fell for the second month in a row in July, reflecting limited availability that has been unable to keep up with demand from potential purchasers. The National Association of Realtors (NAR) said on Monday that its Pending Home Sales Index, which is based on contracts […]

Pending home sales in the United States fell for the second month in a row in July.more

The Royal Twinkle, Citrus Check Inns properties will be auctioned off by the SEBI on September 25.

August 31, 2021

Sebi, the capital markets regulator, has scheduled 97 Royal Twinkle Star Club and Citrus Check Inns properties for auction on September 25 at a reserve price of more than Rs 350 crore. The move is part of the Sebi’s endeavour to recover cash worth thousands of crores of rupees obtained by firms under the guise […]

The Royal Twinkle, Citrus Check Inns properties will be auctioned off by the SEBI on September 25.more

MahaRERA asks Ekta Housing to repay the buyer after the project is completed

August 30, 2021

The Maharashtra Real Estate Regulatory Authority (MahaRERA) may enable you to withdraw from a project if the developer has already delayed possession and you wish to leave. In a dispute between a flat buyer, Surajkumar Rajendra Rai, and Ekta Housing over the delayed Virar project Brooklyn Park Phase IV, MahaRERA chairperson Ajoy Mehta has ordered […]

MahaRERA asks Ekta Housing to repay the buyer after the project is completedmore

According to the court, even though CHS has a panel, the builder is responsible for shoddy construction.

August 27, 2021

A session’s court decided in favour of a Bhandup CHS and affirmed a lower court judgment on a complaint against the builder for inadequate building, observing that simply because a society’s operations are handled by committee members, a builder cannot exonerate himself in case of bad construction. The magistrate had properly noted, according to the […]

According to the court, even though CHS has a panel, the builder is responsible for shoddy construction.more

MGF lodges an FIR against Emaar officials for ‘fraudulent land transfer.’

August 21, 2021

MGF Developments Ltd has filed an FIR against former joint venture partner Emaar India officials, including Emaar Properties Group CEO Amit Jain. The FIR charges the appellant with fraud, cheating, criminal breach of trust, and criminal conspiracy in violation of IPC Sections 406, 409, 420, 467, 468, 471, and 120 B. MGF Developments Ltd and […]

MGF lodges an FIR against Emaar officials for ‘fraudulent land transfer.’more

How Dubai’s luxury property sector is surpassing all expectations

August 13, 2021

The last six months in Dubai’s luxury property market have been packed with superlatives, from spectacular new homes on the market to record-breaking sales. We anticipated that 2021 will be the year of ultra-premium real estate after the rollercoaster ride that was 2020, from worries of the market collapsing in March to the smashing of […]

How Dubai’s luxury property sector is surpassing all expectationsmore

Category: Legal Article

Sign Up for our Free Newsletter