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.moreWe are thrilled to share the exciting news about the 17th Edition of REALTY QUARTER’s Dubai HNIs, Investors, and Channel Partners Meet 2024, featured in Maharashtra’s leading daily Hindi newspaper, Mumbai Hulchal. Our Dubai event was a fantastic success, bringing together high-net-worth individuals (HNIs), prominent investors, and influential channel partners worldwide. It was an incredible […]
REALTY QUARTER’s Dubai HNIs, Investors, and Channel Partners Meet 2024: A Grand Success!more
NEW DELHI: According to the Economic Survey 2023-24, real estate regulators in various states and Union Territories have resolved nearly 1.25 lakh consumer complaints against developers. The Real Estate (Regulation & Development) Act, 2016, commonly referred to as RERA, was enacted to bring significant reforms to India’s real estate sector. The primary aim of RERA […]
RERA in States and UTs Dispose of Nearly 1.25 Lakh Consumer Complaintsmore
In a recent ruling, the Karnataka High Court emphasized the necessity for home buyers to name the promoters in their complaints against real estate companies. This comes in response to a common issue where real estate firms declare insolvency while their promoters continue to thrive financially. Some promoters exploit this situation by declaring bankruptcy and […]
Karnataka HC: Disgruntled Home Buyers Must Identify Promoters in Complaint.more
The Delhi High Court has nullified the lookout circulars (LoCs) issued against Mohit Arora, director of Supertech Realtors, by the Bureau of Immigration. These LoCs were requested by the Bank of Baroda and Union Bank of India. However, the court clarified that its ruling does not address LoCs issued against Arora at the request of […]
Delhi High Court Quashes Lookout Circulars Against Supertech Realtors’ Director.more
NEW DELHI: The Securities and Exchange Board of India (SEBI) has announced an auction of 19 properties belonging to seven companies, including Mangalam Agro Products, Sun Plant Business Ltd, and Sumangal Industries, scheduled for August 12. This action is part of SEBI’s efforts to recover funds unlawfully raised from investors by these firms. Other companies […]
On August 12, SEBI will auction 19 properties owned by seven companies.more NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has instructed competent authorities to cease issuing temporary completion certificates (C.C.) or occupancy certificates (O.C.), as these are not permissible under current laws. In addition, UP-RERA has mandated that all industrial and housing development authorities must specify the names of the relevant towers or blocks […]
UP-RERA Directs Authorities to Halt Issuance of Temporary Occupancy Certificatesmore The Karnataka State Government has announced a call for applications for the Chairperson position of the Karnataka Real Estate Regulatory Authority (K-RERA). HC Kishore Chandra, a retired Director General of Police, who served as K-RERA Chairperson, retired last month at the age of 65. He had been appointed in May 2021. According to Section 22 […]
Karnataka Government Seeks New K-RERA Chairperson.more
Just 195 properties in the state have created the grievance redressal cell, despite the Maharashtra Real Estate Regulatory Authority’s mandate to realty developers to do so for their individual developments. In order to address the complaints of homeowners, the regulator has reviewed the matter and is currently preparing to take legal action against the developers […]
Despite the MahaRERA guideline, just 195 projects established grievance redressal cells.more
Anuj Puri Anuj Puri, Chairman – ANAROCK Group The early trends and the exit polls for the recently concluded elections for the 18th Lok Sabha elections anticipated the continuity of ongoing policies by the incumbent government. The real estate sector also seeks an assurance of predictability for this reason. Over the last two terms, the […]
Elections 2024 – Real Estate Looks Forward to Policy Continuitymore
