The Supreme Court (SC) has instructed Lodha Crown Buildmart, a division of the real estate developer Macrotech Developers (Lodha), to reimburse Rs 2.25 crore to a homebuyer within a year, alongside a simple interest … READ FULL STORY
October 10, 2023: The Supreme Court (SC) on October 9, 2023, directed the Ghaziabad Development Authority (GDA) and Ghaziabad Municipal Corporation (GMC) to deposit Rs 30 crore in an escrow account for the creation … READ FULL STORY
Under the Indian income tax (IT) laws, a property owner is liable to pay taxes to the government on its sale, based on the holding period and profit earned (known as capital gains). The … READ FULL STORY
August 18, 2023: The Supreme Court (SC) has recently issued notices to the chief secretaries of Nagaland, Sikkim, Meghalaya and Union Territory of Ladakh to give their responses on the lack of establishment of … READ FULL STORY
NCLT clears Suraksha Realty’s takeover of Jaypee Infratech The National Company Law Tribunal (NCLT) on March 7, 2023, approved Suraksha Group’s bid to buy Jaypee Infratech. The approval by the tribunal comes as … READ FULL STORY
SC to set up new bench to hear buyer grievances The Supreme Court will constitute a fresh bench to hear the plea of Amrapali Group homebuyers. The November 14, 2022, decision by the apex … READ FULL STORY
The Supreme Court has upheld the order of the Bombay High Court (HC), in which the HC had quashed the rules framed by the Municipal Corporation of Greater Mumbai (MCGM) for levying property taxes. … READ FULL STORY
Supertech’s twin residential towers in Noida’s Emerald Court housing society were demolished at 2:30 PM on August 28, 2022. The taking-down of the twin towers came a year after the Supreme Court (SC) ordered the … READ FULL STORY
Real estate developer Unitech on October 27, 2021, appointed Ashok Kumar Yadav as its chief executive officer (CEO). The decision to appoint Yadav, a retired IAS officer of Haryana Cadre, was taken after a … READ FULL STORY
Taking a serious note of violations to the Coastal Regulation Zone (CRZ) norms, the Supreme Court (SC) has followed up with the Kerala state government yet again, to check whether its directions have been … READ FULL STORY
It is conventional wisdom that the Indian state enjoys the power of ‘eminent domain’, which refers to the power of the sovereign to acquire private immovable property for public use, provided the public nature … READ FULL STORY
The AAP government, on January 23, 2020, informed the Delhi High Court that unauthorised colonies in forest areas are prohibited from regularisation under the centre’s October 2019 notification to regularise illegal settlements in the … READ FULL STORY
The Supreme Court, on January 8, 2020, ruled that to forcibly dispossess citizens of their private property, without following the due process of law, would be to violate a human right, as also the … READ FULL STORY
