Tag: #Regulatory

In the Shipra Mall dispute, the Delhi High Court has set aside the arbitrator’s order against Indiabulls Housing.

February 22, 2023

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

The builder may have to pay twice for a bounced cheque: The Mumbai High Court

February 20, 2023

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

Supreme Court orders builder to obtain “completion certificate”

February 10, 2023

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

Property dealer’s licence is terminated after falsifying documents for Haryana RERA certification.

February 8, 2023

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

Real estate sector’s full digital banking solution is ICICI Bank’s STACK for real estate.

January 27, 2023

Almost 7% of India’s annual GDP is generated by one of the fastest-growing industries in the nation: real estate. Following the epidemic, there is a much higher demand for real estate, particularly residential housing. To meet this growing demand, ICICI Bank created a digital banking STACK for real estate, which enables builders, real estate investment […]

Real estate sector’s full digital banking solution is ICICI Bank’s STACK for real estate.more

The Gujarat High Court upholds the decision authorising the renovation of Vejalpur’s society.

January 24, 2023

AHMEDABAD: On Monday, a division bench of the Gujarat high court upheld a single judge’s decision to allow the redevelopment of a housing society in the Vejalpur neighborhood because more than 75% of the flat owners had agreed to it and the Ahmedabad Municipal Corporation (AMC) had also granted permission for new construction. In the […]

The Gujarat High Court upholds the decision authorising the renovation of Vejalpur’s society.more

Maharashtra RERA relaxes project extension rules that have expired.

January 23, 2023

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has permitted developers to apply for project extensions without the consent of 51% of homebuyers in the respective units. Homebuyers are concerned that MahaRERA’s decision will cause additional delays in the completion of projects that have already missed deadlines. A project is considered “lapsed” if the developer […]

Maharashtra RERA relaxes project extension rules that have expired.more

In Hyderabad, the Income Tax Department searches for builders.

January 20, 2023

HYDERABAD: Income tax (I-T) investigators have searched three real estate firms in the city for possible tax evasion. On Wednesday, several I-T teams searched the offices of Oorjita Builders and Developers, Sri Aditya Homes, and other firms, as well as their promoters, in Jubilee Hills, Banjara Hills, Karkhana, Madhapur, Gandipet, and other areas. I-T sleuths […]

In Hyderabad, the Income Tax Department searches for builders.more

The city of Kolkata has granted more time to transition to the new property tax system.

January 17, 2023

KOLKATA: The Kolkata Municipal Corporation (KMC) assessment department has decided to extend the deadline for switching to the new system in order to bring more taxpayers under the Unit Area Assessment (UAA) system for determining property tax. Though the civic leadership does not want an official announcement, the tax conversion process will continue, according to […]

The city of Kolkata has granted more time to transition to the new property tax system.more

The RERA in Chhattisgarh directs the housing board to assume over and develop a residential project.

January 14, 2023

RAIPUR: In a first of its kind, the Chhattisgarh Real Estate Regulatory Authority (RERA) has issued an order transferring the Nardaha-based private housing project – City of Valencia – to the Chhattisgarh Housing Board in the best interests of the project’s plot holders. The RERA took this action after basic facilities such as a road, […]

The RERA in Chhattisgarh directs the housing board to assume over and develop a residential project.more

Tag: #Regulatory

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