Category: Regulatory

Bombay High Court Directs State to Vacate Dadar Flat after 20-Year Rent Dispute.

November 4, 2024

MUMBAI: The Bombay High Court has clarified that while exact calculations are not typically required for regular rent payments, this does not excuse the State from neglecting its rent obligations for extended periods during an ongoing eviction lawsuit. This ruling upheld the Small Causes Court’s decision to return a flat in a prime Dadar location […]

Bombay High Court Directs State to Vacate Dadar Flat after 20-Year Rent Dispute.more

Capital India Finance Sells Housing Finance Subsidiary to Weaver Services for Rs 267 Crore

October 21, 2024

Capital India Finance Ltd (CIFL), a small-cap NBFC focusing on MSMEs, has sold its housing finance subsidiary, Capital India Home Loans Limited (CIHL), to Weaver Services Private Limited for Rs 267 crore, as stated in a company filing to the stock exchanges. Weaver Services is supported by a team of former HDFC employees. To fund […]

Capital India Finance Sells Housing Finance Subsidiary to Weaver Services for Rs 267 Croremore

Haryana RERA escalates the issue to the High Court over 207 arrest warrants issued against 20 builders.

October 18, 2024

GURUGRAM: This year, the Haryana Real Estate Regulatory Authority (H-RERA) has issued 207 arrest warrants targeting 20 developers based in the city for failing to comply with its orders to compensate homebuyers for delays in handing over flats. However, despite issuing these warrants, police have yet to act, prompting H-RERA to approach the Punjab and […]

Haryana RERA escalates the issue to the High Court over 207 arrest warrants issued against 20 builders.more

Maharashtra RERA issues warning to homebuyers about 314 housing projects undergoing insolvency

October 13, 2024

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a caution to homebuyers, advising them against purchasing properties in 314 projects currently registered with the authority. These projects are undergoing insolvency proceedings at the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) of 2016. Several banks, financial institutions, and other entities […]

Maharashtra RERA issues warning to homebuyers about 314 housing projects undergoing insolvencymore

Consumer Court Orders CanFin Homes to Pay Fine for Withholding Property Documents

October 10, 2024

BENGALURU: A consumer court has recently ruled against CanFin Homes Ltd, a housing finance company, for failing to return the property documents to a Bengaluru resident despite him having fully repaid his loan. The court has ordered the company to hand over all the documents and also compensate the borrower with over Rs 1.3 lakh. […]

Consumer Court Orders CanFin Homes to Pay Fine for Withholding Property Documentsmore

Rajasthan HC: Builders Cannot Sell Properties without Providing Basic Amenities

October 4, 2024

Jodhpur: The Rajasthan High Court has raised concerns about selling plots and houses in privately developed colonies that lack essential amenities such as proper drainage, electricity, and water supply. On Wednesday, the court directed the state government, development authorities, and urban bodies to ensure that no developer or builder can sell properties without complying with […]

Rajasthan HC: Builders Cannot Sell Properties without Providing Basic Amenitiesmore

Belicia revenue soars to over 200 crores in Q1 with record 80+ units sold

September 27, 2024

Thane’s finest and new beacon of luxury & elegant living Mumbai, September 20, 2024: ‘Belicia’ a luxurious residential project in Thane being developed by Prescon Group in collaboration with the esteemed House of Hiranandani has generated over 200 crores in revenue in Q1 of FY 2024-25, driven by the sale of more than 80 units. Speaking on the occasion Mr. Vedanshu Kedia, Director of […]

Belicia revenue soars to over 200 crores in Q1 with record 80+ units soldmore

Casper Realty Private Limited, a wholly owned subsidiary of The Phoenix Mills Limited, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjab

Mumbai, India (September 20, 2024): The Phoenix Mills Limited (“PML” or “Company”) announced today that Casper Realty Private Limited (“Casper”), a wholly-owned subsidiary of PML, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjab. These plots – cumulatively measuring ~13.14 acres and located in Sector 62, YPS Chowk, Sahibzada […]

Casper Realty Private Limited, a wholly owned subsidiary of The Phoenix Mills Limited, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjabmore

No Further GST Exemption on Long-Term Land Lease: Group of Ministers

September 26, 2024

PANAJI: During the fourth meeting of the Group of Ministers (GoM) on boosting the real estate sector, held in Goa, a decision was made not to grant any additional exemptions on Goods and Services Tax (GST) for long-term land leases by private entities. Sector-specific exemptions, such as those for tourism, were also ruled out. Goa […]

No Further GST Exemption on Long-Term Land Lease: Group of Ministersmore

Madras High Court: No Permission for New Construction on Land Classified as a Waterbody

September 23, 2024

MADURAI: The Madras High Court has ruled that new construction on land classified as a waterbody will not be allowed. This decision came during the hearing of a petition filed by Arumugam, who sought the removal of encroachments on Odai Kaalvai, located in Marandhai village, Alangulam taluk, Tenkasi district. A division bench comprising Justice G […]

Madras High Court: No Permission for New Construction on Land Classified as a Waterbodymore

Category: Regulatory

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