The real estate sector in India has witnessed significant transformation over the past few years. Policy reforms, like the Real Estate (Regulation and Development) Act (RERA), announcements for affordable housing projects in the annual … READ FULL STORY
The Supreme Court, on April 9, 2018, took note of all the unencumbered assets of real estate major Unitech Limited and ordered that a public notice be issued, inviting objections for auctioning them, to … READ FULL STORY
The shortage of affordable housing in Delhi, should be viewed within the wider context of an overall housing shortage in the country. Housing supply in urban areas has not kept pace with the additional … READ FULL STORY
The Supreme Court, on March 12, 2018, asked embattled real estate company Unitech Limited and its jailed managing director (MD) Sanjay Chandra, to give a list of its unencumbered properties in India and abroad … READ FULL STORY
Shantanu Ganguly had invested in a commercial property in Gurugram, where the developer had promised an assured return of 12 per cent for his investment, till possession. His borrowing cost was 10 per cent … READ FULL STORY
A Supreme Court bench of chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on March 5, 2018, ordered that “A competent authority of Unitech Limited shall file an affidavit, mentioning the … READ FULL STORY
A Supreme Court bench, comprising chief justice Dipak Misra and justice AM Khanwilkar, on February 16, 2018, asked Omshakthy Agencies (Madras) Pvt Ltd to deposit Rs 90 cores after Unitech Ltd informed the court … READ FULL STORY
After six months of pessimism in Q2 and Q3 of 2017, positive sentiments have surfaced in the real estate industry, with a current sentiment score of 52 in Q4 2017. The uptick stems from … READ FULL STORY
Union Road Transport and Highways Minister, Nitin Gadkari has said that the government has undertaken projects worth Rs 31,930 crores, to decongest Delhi and the NCR and minimise vehicular pollution, which has become a … READ FULL STORY
A Supreme Court bench comprising chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on December 13, 2017, stayed the National Company Law Tribunal’s (NCLT’s) order that allowed the centre to take … READ FULL STORY
The Supreme Court, on December 12, 2017, said that the National Company Law Tribunal (NCLT) should have taken its leave, before allowing the centre to take over the management of embattled realty firm Unitech … READ FULL STORY
Home buyers cannot be made to wait indefinitely for possession of flats booked by them, the apex consumer commission has said, as it asked a private builder to refund the amount paid by its … READ FULL STORY
A proposal for fixing the rate of development charges in 15 colonies of Gurugram and nine colonies of Faridabad, has been approved by Haryana chief minister Manohar Lal Khattar, Urban Local Bodies Minister, Kavita … READ FULL STORY
