In a judgment closing a 20-year-old battle, the Supreme Court ordered that two open spaces at the Juhu-Vile Parle Development Scheme (JVPD) be maintained as open spaces only. It upheld a 2017 Bombay High Court Order labelling Mhada’s decision to approve construction on the two layout open spaces as an “illegality” and “set off with […]
SC concludes 20-year old battle, declares two JVPD plots as an ‘Open Spaces’.more
On 27 February, Satinder Singh Bhasin, a Noida-based businessman who was arrested on charges of cheating and fraudulently selling the property to several people, was allowed by the Supreme Court to travel abroad for 10 days under certain terms. A Division Bench of Justices AM Khanwilkar and Dinesh Maheshwari allowed the petitioner to pertain for […]
Builder accused in property scam gets approval to travel abroad by the Supreme Court.more On 14 February, the Supreme Court lifted the ban on night-time construction in Delhi-NCR, making it a relief for the real estate industry. In Delhi-NCR, on 4 November 2019, the court had placed a complete ban on construction activities. It took the dramatic decline in air quality in and around the Delhi-NCR area into account. […]
Delhi-NCR real estate market gets the Supreme Court’s revocation on an overnight construction ban.more
The National Green Tribunal has dismissed the environmental clearance (EC) granted to Godrej in Bengaluru to a high-level housing project for the development of the lake buffer zone. A bench of Justice Adarsh Kumar Goel and Justice S P Wangdi, Chairperson of the NGT, said that there could have been no environmental clearance for the […]
The National Green Tribunal nullifies environmental clearance for the project of Godrej Properties.more
Homebuyers opposed the central government’s ordinance to amend the Insolvency & Bankruptcy Code (IBC) 2016 and demanded a stay of the operation of Section 3 of the Insolvency and Bankruptcy Code (Amendment) 2019, which aims to modify Section 7 of the IBC. “The writ petition is filed by 11 petitioners from 11 different projects, including […]
Homebuyers filed a writ petition in SC challenging IBC amendment.more When forensic auditors found theft of funds, the Supreme Court ordered the government to take over control of the Unitech real estate developer. “The auditors reported that at least Rs 5,000 crore of funds received from home buyers were not used to building projects,” said Pawan Shree Agarwal, amicus curiae on the subject, on Wednesday. […]
Forensic auditors assigned by SC found Rs 5,000 crore diverted funds by Unitech real estate developer.more On Monday, the Supreme Court permitted the construction activities in the Delhi-NCR area from 6 am to 6 pm, lifting partially its complete ban. The Apex Court reviewed the report of the Central Pollution Control Board (CPCB), which stated that construction works should not be allowed between 6 pm to 6 am. Additional Solicitor General […]
SC partially releases ban, DELHI-NCR gets permission on construction activities.more
The Supreme Court, on 4 November 2019, prohibited all construction and demolition activities in the region, along with the burning of garbage and waste in order to enact the severe air pollution in Delhi-NCR as ‘atrocious’. The apex court said, because of the ‘worsening of emergency’, people cannot ‘left to die’, the people engaged in […]
Supreme Court bans construction, demolition, waste burning in Delhi-NCR.more On 18 October 2019, the Supreme Court refused to entertain a plea filed on behalf of scam-hit bank account holders Punjab and Maharashtra Cooperative (PMC), seeking to lift restrictions imposed on cash withdrawals by the Reserve Bank of India (RBI). The petitioner Bejon Kumar Mishra told the lawyer Shashank Sudhi to file his petition on […]
Supreme Court rejects depositors’ plea for increasing withdrawals limit on PMC bank.more By Abhay Shah, Realty Quarter The judgment of the Supreme Court on Friday reaffirming the privileges of end-use home buyers as economic creditors under the Insolvency and Bankruptcy Code (IBC) is anticipated to provide security and hope of regaining their dues, particularly in projects that are stuck for a long time with no delivery in […]
Home buyers accept SC judgment that helps to recover its dues on stalled projects.more
