Tag: RealEstate

NCLAT Designates NBCC as PMC to Complete 16 Supertech Projects

December 13, 2024

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) in New Delhi has designated NBCC (India) as the Project Management Consultant (PMC) for the completion of 16 Supertech projects. These projects encompass approximately 49,748 housing units spread across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka. The estimated construction cost for completing these projects stands at approximately […]

NCLAT Designates NBCC as PMC to Complete 16 Supertech Projectsmore

Bhubaneswar ADM Serves Show-Cause Notice to Builder for Defying ORERA Compensation Order

December 12, 2024

BHUBANESWAR: The Additional District Magistrate (ADM) of Bhubaneswar has issued a show-cause notice to a city-based real estate developer for failing to comply with an Odisha Real Estate Regulatory Authority (ORERA) directive. The order, issued in 2019, directed the builder to compensate 18 aggrieved homebuyers with Rs 87.94 lakh due to delays in delivering a […]

Bhubaneswar ADM Serves Show-Cause Notice to Builder for Defying ORERA Compensation Ordermore

Requests to Deregister 19 More Projects Are Received by Maharashtra RERA

November 26, 2024

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has received fresh applications for the deregistration of 19 additional projects across the state. Among these are prominent projects such as Lokhandwala’s development at Worli Naka and a Lodha project in Dombivli. This development adds to the growing number of deregistration requests, with MahaRERA having received applications […]

Requests to Deregister 19 More Projects Are Received by Maharashtra RERAmore

ED Attaches Properties Worth Rs 23.13 Crore in Punjab Under PMLA in Hacienda Projects Fraud Case

October 29, 2024

The Directorate of Enforcement (ED), Lucknow Zonal Office, has provisionally attached five immovable properties valued at Rs 23.13 crore, consisting of agricultural land and industrial plots located in Hoshiarpur, Fatehgarh Sahib, and Mohali, Punjab. These properties are held in the names of Moonlight Propbuild Pvt Ltd and Elco Global Ventures LLP and have been attached […]

ED Attaches Properties Worth Rs 23.13 Crore in Punjab Under PMLA in Hacienda Projects Fraud Casemore

Bombay High Court Overturns Fraud Declaration against Pune Buildtech by Bank of India

October 16, 2024

The Bombay High Court has overturned Bank of India’s decision to label Pune Buildtech Pvt Ltd as ‘fraud’ and declared it null and void, along with the inclusion of the realty firm’s name in any list or communication that blacklisted the company from obtaining institutional credit. In a separate ruling, the court also ordered the […]

Bombay High Court Overturns Fraud Declaration against Pune Buildtech by Bank of Indiamore

Uttarakhand High Court Revokes Lease Cancellation Order Issued to Haridwar Housing Project in SIIDCUL

October 3, 2024

DEHRADUN: As the state government contemplates new laws to restrict the acquisition of “surplus” land by “non-residents” in Uttarakhand, the High Court (HC) has set aside a lease cancellation order concerning a residential project. The court ruled that authorities must provide the builder with a prior notice before initiating any such action. Delhi Apartments Pvt […]

Uttarakhand High Court Revokes Lease Cancellation Order Issued to Haridwar Housing Project in SIIDCULmore

Delhi HC Initiates Suo Motu Action on Property Mutation Challenges in Urbanized Villages.

September 5, 2024

NEW DELHI: The Delhi High Court has taken suo motu notice of the difficulties faced by residents of over 300 “old urbanized” and “declared urban” villages in transferring or “mutating” their ancestral properties. This move has brought much-needed relief to thousands of people living in these areas. Many of them have struggled for years with […]

Delhi HC Initiates Suo Motu Action on Property Mutation Challenges in Urbanized Villages.more

ED Attaches 401.65 Acres of Land Worth Rs 834.03 Crore Belonging to Emaar India and MGF Developments

August 31, 2024

NEW DELHI: The Enforcement Directorate (ED) has taken action by attaching immovable properties covering 401.65479 acres, with a total value of Rs. 834.03 crore, belonging to EMAAR India Ltd and MGF Developments Ltd, according to an official statement released on Thursday. Among these assets, EMAAR India Ltd’s properties are valued at approximately Rs 501.13 crore, […]

ED Attaches 401.65 Acres of Land Worth Rs 834.03 Crore Belonging to Emaar India and MGF Developmentsmore

Regarding MahaRERA’s decision to establish a forum to resolve builder-buyer disputes, FPCE writes to the center of inquiry.

August 28, 2024

NEW DELHI: The Forum for People’s Collective Efforts (FPCE), an association representing homebuyers, has raised concerns over the Maharashtra Real Estate Regulatory Authority’s (MahaRERA) recent decision to establish and participate in a conciliation forum aimed at resolving disputes between builders and customers. FPCE argues that this move may overstep the authority’s legal powers and potentially […]

Regarding MahaRERA’s decision to establish a forum to resolve builder-buyer disputes, FPCE writes to the center of inquiry.more

SC Approves Auction of Samrudhhi Realty Assets to Recover Rs 5,000 Crore Debt.

August 22, 2024

The Supreme Court has given the green light to auction Samrudhhi Realty’s assets, aiming to recover a debt of approximately Rs 5,000 crore. The decision, handed down on Tuesday, authorizes the liquidator to proceed with the auction process. However, a bench led by Justice Abhay S Oka clarified that if any of the assets belonging […]

SC Approves Auction of Samrudhhi Realty Assets to Recover Rs 5,000 Crore Debt.more

Tag: RealEstate

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