Category: Regulatory

Haryana RERA levies a Rs 50 lakh penalty on Birla Estates in Gurugram

February 21, 2025

GURUGRAM: The Haryana Real Estate Regulatory Authority (H-Rera) has slapped a substantial fine of Rs 50 lakh on Birla Estates Pvt Ltd for promoting a housing project that lacked proper registration, breaching critical provisions of the Real Estate (Regulation and Development) Act, 2016. The authority discovered that Birla Estates had started advertising its forthcoming group […]

Haryana RERA levies a Rs 50 lakh penalty on Birla Estates in Gurugrammore

Over 8,000 Complaints Pending Resolution at Maharashtra RERA

February 18, 2025

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA), established to address real estate consumer grievances, is now under scrutiny as homebuyers struggle to get relief. With over 8,000 complaints pending and delays in executing orders—such as recovery warrants by revenue authorities—experts argue that MahaRERA lacks enforcement power and needs to take stronger action. Consider the […]

Over 8,000 Complaints Pending Resolution at Maharashtra RERAmore

MHADA to Complete Structural Audit of 1,000 Cessed Buildings in Mumbai by March 2025

February 14, 2025

The Maharashtra Housing and Area Development Authority (MHADA) is set to conduct a structural audit of 1,000 cessed buildings in Mumbai by March 2025 as part of the Maharashtra government’s 100-day action plan. MHADA Vice President and CEO, Sanjeev Jaiswal, has directed officials to expedite the process to ensure the audit is completed on time. […]

MHADA to Complete Structural Audit of 1,000 Cessed Buildings in Mumbai by March 2025more

Telangana RERA penalizes builder for project delay, directs payment of interest to buyer until flat handover.

February 13, 2025

HYDERABAD: The Telangana State Real Estate Regulatory Development Authority (RERA) has ruled that a builder must compensate a homebuyer with interest for the delay in handing over his flat, ensuring that the complainant is financially reimbursed for the prolonged wait. The case was brought forward by Kollepara Veera Venkata Satya Vara Prasad, who purchased a […]

Telangana RERA penalizes builder for project delay, directs payment of interest to buyer until flat handover.more

Noida Authority to Appoint Private Consultant for Overseeing NCLT Cases and Land Payments

February 10, 2025

NOIDA: The Noida Authority is set to enlist the services of a private consultancy firm to oversee its escrow accounts, track insolvency cases under the National Company Law Tribunal (NCLT), and enhance internal coordination, among other critical functions. The selected consultant will play a key role in implementing escrow agreements and providing timely updates on […]

Noida Authority to Appoint Private Consultant for Overseeing NCLT Cases and Land Paymentsmore

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

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

January 28, 2025

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

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

Category: Regulatory

Sign Up for our Free Newsletter