NEW DELHI: The market watchdog Sebi stated on Monday that it would auction off 66 Saradha Group properties on April 11 for a reserve price of Rs 32 crore in an effort to collect money that the company had defrauded the public of through deceptive business practices. According to a notice from the Securities and […]
Sebi will organise an auction for 66 Saradha Group properties on April 11.more
MUMBAI: We expect that none of the highrise developments in the city should render people susceptible and prone to such mishaps, in which innocent people might get maimed or lose their life, stated HC in directing BMC to develop standards for the use of cranes in highrise structures. In a plea, Lokhandwala Residency Tower Cooperative […]
Mumbai: The HC orders the BMC to create regulations for the use of cranes when building highrises.more
KALYAN: The two architects who prepared and certified the plan layouts of the majority of the buildings constructed illegally are wanted by the Enforcement Directorate (ED), which is looking into the MahaRERA scam involving 65 developers in Kalyan-Dombivli. However, the ED discovered that both architects provided false information about their firms and are therefore untraceable. […]
MahaRERA Scam: Two untraceable architects who created building plan layouts.more
AHMEDABAD: If your built property or illegal extension is on the civic body’s demolition list, you may find it difficult to register the property’s sale deed. On Thursday, Municipal Commissioner M Thennarasan shot off a circular to authorities of all municipal zones – such as estate officers -prescribing a standard operating process (SOP) of action […]
Ahmedabad civic body to prevent illegal property sale deed registration.more
The Delhi High Court has set aside a provisional attachment of Piramal Realty’s properties worth Rs.410 crore by the Enforcement Directorate. The high court ruled in an order issued a week ago that the ED’s provisional attachment of properties “cannot continue” because the realty company “was not arrayed as an accused and was merely a […]
High Court sets aside attachment of Piramal Realty’s properties worth Rs.410 crore.more
PUNE: According to a government resolution (GR) issued by the urban development department (UDD) on Thursday, all local planning authorities must display the commencement certificate (CC) and occupancy certificate (OC) granted for new and upcoming real estate projects on their websites and notify the Maharashtra Real Estate Regulatory Authority (MahaRERA) regarding the sanctions. It also […]
Real estate papers must now be displayed on the websites of Maharashtra’s local bodies.more
The Delhi High Court set aside its order quashing Indiabulls Housing Finance’s sale notices issued to enforce its security interest in Shipra Mall in Ghaziabad on Tuesday, citing an arbitrator for exceeding its remit. “Because a secured creditor has a specific right to enforce a security interest by issuing a sale notice under Section 13 […]
In the Shipra Mall dispute, the Delhi High Court has set aside the arbitrator’s order against Indiabulls Housing.more
MUMBAI: Even if a consumer commission offers flat-buyers relief by ordering a builder to reimburse money with interest after he fails to hand over possession, the builder can still be ordered to repay double the amount in a separate cheque-bouncing action before a criminal court. A magistrate’s court recently ordered three directors of a building […]
The builder may have to pay twice for a bounced cheque: The Mumbai High Courtmore
NEW DELHI: The Supreme Court declared on Thursday that even if the struggling EMI-paying flat owners take possession of their homes before the release of a such legally required document, the builder of a housing complex is still legally obligated to obtain a “completion certificate” for the construction. The National Consumer Disputes Redressal Commission (NCDRC) […]
Supreme Court orders builder to obtain “completion certificate”more GURUGRAM: A property dealer who falsified documentation pertaining to his office address lost his H-Rera registration in what is likely the first instance of its kind. Vineet Kejriwal used faked paperwork and the engineer’s signature to pass off RND Projects, an office in a Bristol hotel, as his rented space. Following the victim’s complaint, the […]
Property dealer’s licence is terminated after falsifying documents for Haryana RERA certification.more
