A Supreme Court bench of chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on February 20, 2018, directed real estate firm Supertech Ltd to deposit Rs 10 crores more with its … 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
Presenting his fifth straight budget in the Lok Sabha, union finance minister Arun Jaitley, on February 1, 2018, said that a special scheme will be executed with the Delhi government and adjoining states, to … READ FULL STORY
The internet is the most preferred medium for home search in India With over 462 million internet users, India is the second-largest online market in the world. 20 million Indians search for homes online, … READ FULL STORY
The Supreme Court, on October 25, 2017, refused permission to the embattled Jaiprakash Associates Ltd, to hive-off its rights in the multi-crore, six-lane Yamuna Expressway connecting Greater Noida with Agra in Uttar Pradesh. The … READ FULL STORY
The Supreme Court, on October 13, 2017, restrained the directors of real estate major Amrapali Group, from leaving the country without its permission. A bench headed by chief justice Dipak Misra issued notice to … READ FULL STORY
With the Real Estate (Regulation and Development) Act (RERA) and other reforms coming into force, developers are rushing to complete partially completed projects and obtain their completion certificates, to avoid falling under the purview … READ FULL STORY
The Supreme Court, on September 22, 2017, ordered the setting up of a web portal, to deal with the grievances of home buyers who had booked flats in Supertech’s twin Emerald Towers project at … READ FULL STORY
While refusing to grant interim bail to jailed Unitech promoters, Sanjay Chandra and Ajay Chandra till September 15, 2017, in a case of alleged forgery lodged by home buyers of its Gurugram-based housing project, … READ FULL STORY
A petition challenging allotment of more than 4,000 acres of land to Baba Ramdev’s Patanjali Yog Sansthan, in Noida in Uttar Pradesh, came up for hearing before the Allahabad High Court, on August 28, … READ FULL STORY
The Real Estate (Regulation and Development) Act (RERA) has had a difficult birth and seems to be having a troubled childhood. The expectations from the ‘miracle child’ seem to be mired in a ‘what’s … READ FULL STORY
Infrastructure developments and large projects, such as industrial corridors or IT hubs, tend to augur well for the real estate market in the area. The Delhi-Mumbai industrial corridor (DMIC) announced by the government of … READ FULL STORY
The Indian real estate sector has been largely unregulated except for a few states like Maharashtra, Uttar Pradesh, Andhra Pradesh, Delhi and Karnataka. Any pro-consumer development was solely a result of judicial activism. This … READ FULL STORY
