22 April 2024

Search Results for Tag : Real Estate

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Real Estate Act, 2016 marches ahead with newly notified Real Estate (Regulation and Development) (General) Rules, 2016 for 5 Union Territories(31.10.2016)

The Central Government has notified the Real Estate (Regulation and Development) (General) Rules, 2016, to be applicable to the five Union Territories.....

Tags : Real estate, Rules, Union Territories

Notifications & Circulars

Amendment in Section 2(zm) of the Real Estate (Regulation and Development) Act, 2016(29.11.2022)

In exercise of the powers conferred under sub-clause (iii) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering Act, 2.....

Tags : Amendment, Provision, Real Estate

Decisions taken by the GST Council in the 34 the meeting held on 19th March, 2019 regarding GST rate on real estate sector(19.03.2019)

GST Council in the 34th meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the recommendations made.....

Tags : GST Council, Meeting, GST rate, Real estate sector

Guidelines for preferential issue of units and institutional placement of units by a listed Real Estate Investment Trust(27.11.2019)

Regulation 2(1)(zd) of Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 ("REIT Regulations"), defines a "prefe.....

Tags : Guidelines for preferential issue of units and institutional placement of units by a listed Real Estate Investment Trust

Statute

Real Estate (Regulation and Development) Bill, 2015(09.12.2015)

The Union Cabinet has approved amendments to the Real Estate (Regulation and Development) Bill, 2015 made by the Select Committee of Rajya Sabha. The .....

Tags : Real estate, bill, 2015, amendments

Judgments

Compat: Flat buyers need not apply(26.04.2016)

The Competition Appellate Tribunal affirmed what the Competition Commission has been trying to tell residential flat buyers all along - builders canno.....

Tags : compat, real estate, dominant position

“No Brokerage Policy” not anti-competitive conduct(03.05.2016)

The Commission dismissed a complaint by the Confederation of Real Estate Brokers’ Association of India against the “No Brokerage Policy” advertised on.....

Tags : Real estate, internet portal, brokerage

Allottees of real estate projects are "financial creditors" and may trigger the IBC against the real estate developer(09.08.2019)

Writ petitions have been filed in present Court to challenge the constitutional validity of amendments made to the Code, pursuant to a report prepared.....

Tags : Allottees, Real estate projects, Amendment

CCI dismisses complaint against DLF(04.01.2016)

The Competition Commission of India dismissed a complaint against DLF Universal Limited, a real estate company of national renown, for abusing its dom.....

Tags : Dominant position, real estate, gurgaon, dlf

CCI inundated by real estate complaints(29.03.2016)

The Competition Commission of India has over the past few months been inundated by read»

News

Delhi HC: Suo Moto Proceedings Cannot be Initiated by Real Estate Appellate Authority(27.05.2022)

Delhi High Court has held that the Real Estate Appellate Authority is not vested with the power to initiate suo moto proceedings or on its own motion.

Tags : Delhi High Court, Real Estate Appellate Authority, Suo Moto

Allahabad HC: Compliance of Pre-Deposit Mandatory Under RERA Act Before Entertainment(18.04.2022)

Allahabad High Court has ruled that the statutory compliance of a pre-deposit under Section 43(5) of the Real Estate (Regulation and Development) Act,.....

Tags : Allahabad High Court, Section 43(5) of the Real Estate (Regulation and Development) Act, 2016, Appellate Tribunal

SEBI Notifies New Norms for Issue of REITs(20.12.2016)

SEBI has notified detailed guidelines for public issuance of Real Estate Investment Trusts (REITs) including allocation of units to institutional inve.....

Tags : SEBI, Real Estate Investment Trusts

Multiple Proceedings on Same Issue Not Permissible Under RERA 2016: Maharashtra RERA(29.12.2018)

Maharashtra Real Estate Regulatory Authority has held that multiple proceedings on the same issue cannot be allowed under the Real Estate (Regulation .....

Tags : Maharashtra Real Estate Regulatory Authority, Multiple Proceedings

Rajasthan HC: Appeals u/s 58 RERA Act to be Filed with Court Fees(13.04.2022)

Rajasthan High Court has held that where there is no specific provision for payment of Court fees on appeals under Section 58 of the Real Estate Regul.....

Tags : Rajasthan High Court, Real Estate Regulatory Authority Act, 2016, Rule 37, Section 58

Rajasthan HC: Respondents Have Right to Legal Representation Before Regulatory Authority/ Tribunal(29.04.2022)

Rajasthan High Court has observed that Section 56 of the Rajasthan Real Estate (Regulation and Development) Act, 2016, inasmuch as it excludes right o.....

Tags : Rajasthan High Court, Section 56 of the Rajasthan Real Estate (Regulation and Development) Act, 2016, Appellate Tribunal, Regulatory Authority, adjudicating officer, ultra vires

Government Notifies Real Estate Regulatory Act for Five Union Territories(02.11.2016)

Government has notified Final Rules to implement Real Estate (Regulation and Development) Act, 2016 for five Union Territories, that aims to bring tra.....

Tags : Real Estate Regulatory Act, Union territories

NCDRC: Only Registered Home Buyers' Body Can File Complaint Against Builders(08.05.2017)

National Consumer Disputes Redressal Commission (NCDRC) has clarified that only registered Residents' Welfare Associations (RWAs), consumer organisati.....

Tags : National Consumer Disputes Redressal Commission, Real Estate

Supreme Court Asks Unitech to Deposit 14% Interest on Investment by Home Buyers(25.04.2017)

Supreme Court has directed real estate firm Unitech to deposit 14 per cent interest on Rs. 16.55 crore invested by 39 home buyers in its project in Gu.....

Tags : Supreme Court, Unitech, real estate

RERA Kicks in Today, Only 13 States/UTs Notified Rules So Far(01.05.2017)

Real Estate Act comes into force from today with a promise of protecting right of consumers and ushering in transparency but only 13 states and UTs ha.....

Tags : Real Estate Act

HRERA to Developers: Don’t Use Buyers’ Funds to Repay Loans(25.04.2019)

Haryana Real Estate Regulatory Authority (HRERA) has ordered that Developers should not repay loans taken from banks and financial institutions by usi.....

Tags : Haryana Real Estate Regulatory Authority

ITAT, Bangalore: Irrecoverable Advances for Land for Real Estate Development Business Allowable(02.05.2022)

Income Tax Appellate Tribunal, Bangalore has ruled that the advances agreed for purchase of land in the normal course of business of carrying on real .....

Tags : Income Tax Appellate Tribunal, Income Tax Act, 1961, Real estate development

Government Notifies Remaining Sections of RERA, Act Shall Come into Full Force From May 1, 2017(20.04.2017)

Central Government has issued a notification announcing that sections 3-19, 40, 59-70, 79 and 80 of Real Estate (Regulation and Development) Act, 2016.....

Tags : Central Government, Real Estate (Regulation and Development) Act, 2016,

Madras HC: Builders Cannot Escape Provisions of RERA Where Amenities Not Provided(26.02.2021)

Madras High Court has held that builders and real estate developers cannot escape from the Real Estate (Regulation and Development) Act, 2016 if they .....

Tags : Madras High Court, Builders, Real Estate Developers

SC Seeks Audit Report From CAG on Spending of Rs 5,000 Crore of Real Estate Cess(13.04.2017)

Supreme Court has directed Comptroller and Auditor General (CAG) to file an audit report to explain how authorities had spent Rs 5,000 crore of a real.....

Tags : Supreme Court, Real Estate Cess

Maharashtra RERA Directs Developer To Hand Over Two Properties With Interest For Delayed Possession(17.10.2022)

Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Orbit Enterprises to hand over possession of two units at BKC, Mumbai, to actor S.....

Tags : Maharashtra Real Estate Regulatory Authority, Saif Ali Khan, Orbit Enterprises

Government: RERA Applies to All Incomplete Projects(11.07.2017)

Government has made it clear that developers can claim exemption from Real Estate (Regulation and Development) Act only if work on their apartment or .....

Tags : Real Estate (Regulation and Development) Act

Karnataka Notifies RERA, Builders to Disclose Size of Apartment Based on Carpet Area(11.07.2017)

Karnataka government has notified Real Estate Regulatory (Regulation and Development) Act making it mandatory for all the builders to register with th.....

Tags : Real Estate (Regulation and Development) Act

Bombay High Court Directs Builders to Meet July 31 Rera Registration Deadline(27.07.2017)

Bombay High Court has directed a group of builders to comply with a July 31 registration deadline under the Real Estate (Regulation and Development) A.....

Tags : Bombay High Court, Real Estate

Delhi HC: Not Bank’s Responsibility to Get Real Estate Project Completed(16.03.2023)

Delhi High Court while observing that banks can’t be loaded with responsibility of getting real estate projects completed, has held that it is for the.....

Tags : Delhi High Court, Real Estate, Bank

Allahabad High Court Orders Demolition of Real Estate Projects in Greater Noida(13.10.2015)

Allahabad High Court has ordered demolition of a number of real estate projects launched by major builders including Supertech, Amrapali and Jagat Tar.....

Tags : Allahabad High Court , real estate project, Greater Noida

#RERA: 23 States Notify Rules, Six Misses July 31 Deadline(01.08.2017)

The July-31 deadline to register projects under the Real Estate Regulatory Act (RERA) is over, however, six states are yet to notify rules. These incl.....

Tags : Real Estate Regulatory Act

Maharashtra Real Estate Appellate Tribunal: Right to Reserve Flat Includes Right to Cancel(29.04.2021)

Maharashtra Real Estate Appellate Tribunal has observed that the right to reserve a flat includes the right to cancel the reservation. Therefore, a bu.....

Tags : Maharashtra Real Estate Appellate Tribunal, Right to Cancel Reservation

Supreme Court Seeks Detail of Complainants in Gurugram's Unitech Project(17.08.2017)

Supreme Court has directed Delhi Police to furnish details of number of flat buyers of Unitech's project in Gurugram who had approached it for registe.....

Tags : Supreme Court, Unitech, real estate

NCDRC: Builder-Buyer Agreements Often Favours Builders’ Interest(15.06.2017)

National Consumer Disputes Redressal Commission (NCDRC), while terming some builder- buyer agreements as ‘unconscionable contracts’, has observed that.....

Tags : National Consumer Disputes Redressal Commission, Real Estate

National Green Tribunal Fines Four Real Estate Developers(29.09.2017)

National Green Tribunal has imposed a fine on four real estate developers in Delhi, as it was found that the rainwater harvesting systems installed by.....

Tags : National Green Tribunal, Real Estate Developers

Rajya Sabha Passes Real Estate (Regulation and Development) Bill, 2015(11.03.2016)

Real Estate (Regulation and Development) Bill, 2015, which intends to protect home buyers, bring in transparency and plug the flow of unaccounted mone.....

Tags : Real Estate (Regulation and Development) Bill, 2015

Parliament Approves The Real Estate (Regulation and Development) Bill, 2013(16.03.2016)

The Real Estate (Regulation and Development) Bill, 2013, has been approved by Parliament.

Tags : The Real Estate (Regulation and Development) Bill, 2013

Supreme Court to Unitech: Deposit Rs. 750 Crore by December(31.10.2017)

Supreme Court has directed Unitech to deposit Rs. 750 crore by December to secure bail for its director Sanjay Chandra, who is in jail in a case of al.....

Tags : Supreme Court, Unitech, real estate

Real Estate Bill Becomes Act Now(02.05.2016)

Real Estate (Regulation and Development) Bill, 2016 has became an act on May 1.

Tags : Real Estate (Regulation and Development) Bill, 2016

CCI Dismisses Allegations Against Real Estate Websites(05.05.2016)

Competition Commission of India (CCI) has dismissed allegations that five real estate websites, including Housing.com and Magicbricks.com, abused thei.....

Tags : Competition Commission of India , Real Estate Websites

P&H HC on RERA: Inconvenience In Making Pre-Deposits Not A Circumstance Warranting Relaxation(28.01.2022)

Punjab and Haryana High Court held that mere hardship in making pre-deposits which include diverting funds is not an arduous circumstance in any manne.....

Tags : Punjab and Haryana High Court, Haryana Real Estate Regulatory Authority

CCI Rejects Complaint of Unfair Trade Practices Against Aura Real Estate and Waghere Promoters(11.01.2016)

Competition Commission of India (CCI) has rejected allegations of abuse of dominant position made against Aura Real Estate and Waghere Promoters relat.....

Tags : Competition Commission of India, Waghere Promoters, Aura Real Estate

National Company Law Appellate Tribunal Orders Reverse Real Estate Insolvency Process(12.02.2020)

National Company Law Appellate Tribunal has passed an order for a reverse insolvency process, which could set a template for stressed real estate proj.....

Tags : National Company Law Appellate Tribunal, Reverse Real Estate Insolvency Process

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