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The Supreme Court ruled on Monday that the remand time will be included in the 60/90-day period for the issuance of default bail in a criminal case, dismissing an appeal from the Enforcement Directorate. An appeal by the ED challenging the Bombay High Court judgement granted bail to former DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan in a Yes Bank money laundering case being investigated by the agency was dismissed by a bench of Justices KM Joseph, Hrishikesh Roy, and BV Nagarathna. ...
Many aggrieved residents staged a protest on Monday outside the Real Estate Regulatory Authority (RERA) office in Dehradun, outraged about the slow-moving investigation into the four-year-old Orchid Park issue. The locals said that despite filing a FIR more than three years prior, a charge sheet was only recently submitted in the case. Residents further stated that they anticipated further action from RERA and cited section 8(a) of the Real Estate (Regulation and Development Act, 2016) which gives RERA the authority to seize a property and transfer ownership to another builder in the event that the original builder is found to be in violation of a provision. ...
Since residents claimed that the area lacked basic facilities for over two decades, the Allahabad high court decided to examine the progress of municipal work at a township constructed by the Noida Authority. The court was hearing a plea filed last year by the RWA of Express View Apartments (Super MIG) in Sector 93, alleging "inaction" by the Authority despite multiple letters and reminders. The Authority built the township in 2002, and it now houses roughly 5,000 people in 1,008 flats. ...
The Bombay High Court on Friday asked the Vasai Virar Municipal Corporation to award occupancy certificates (OC) to 27 buildings completed more than two years ago on a large HDIL plan in four weeks, providing significant relief to over 1,000 unit buyers. Velson Developers and eight others, including flat owners from nine buildings, petitioned the HC last year to overturn an August 2022 municipal judgement rejecting OC, citing the lapse of a green nod. ...
The Greater Chennai Corporation has more than doubled its tax collection from 778 crore in fiscal year 2021-22 to 1,408.9 crore this fiscal year. With a week until the fiscal year ends, the civic body has set a target of Rs. 1,500 crore. The civic authority collected 928 crore in 2019-20, however due to Covid-19, it only collected 471.6 crore in 2020-21. Residents who have not paid their taxes have been advised by the corporation to do so promptly. ...
Following a petition filed by non-banking financial institution Srei Equipment Finance, the Bombay High Court on Thursday set aside the public auction of Jawahar Talkies Complex, a 0.65-acre property in Mumbai's central district of Mulund. Two Srei enterprises, which are part of the Kolkata-based infrastructure financing group, are in administration. ...
The Greater Noida Industrial Development Authority issued recovery certificates totaling Rs 23.39 crore against two real estate developers on Wednesday for non-payment of dues dating back a decade, officials said. GNIDA CEO Ritu Maheshwari stated that those who have not paid their dues will face severe consequences. ...
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken action against 25 projects across the state that have been advertised without being registered. Officials stated on Thursday that notices had been sent to the developers. In this way, Pune has the second greatest number of breaches. Earlier this month, MahaRERA handed similar letters to 14 such developers across the state. Developers are not permitted to market or sell apartments in a project unless they first register with MahaRERA, according to the Real Estate Regulatory Authority (RERA) Act. The Act requires this registration for each new ongoing project larger than 500 square metres or eight apartments. ...
MCG has begun organising camps in various parts of the city where citizens can submit dues in order to supplement property tax collection. The camps will run until March 29. Property tax is one of the civic body's major sources of revenue. According to MCG officials, the corporation aims to collect Rs 1,100 crore from property tax alone in the current fiscal year, but has only collected 16.3% – Rs 180 crore — so far. ...
The MahaRERA allows promoters to de-register their projects if they are unable to begin or finish construction of a project, or complete a component or a phase of a project, for a variety of reasons such as a lack of funding, the project not being economically feasible, litigation, disagreements, and so on. Yet, according to MahaRERA's requirements for de-registration of a project, the project must have zero allottees or no bookings. ...
The Telangana High Court heard an appeal filed by HMDA in relation to a dispute with Ramky Integrated Township Ltd and stayed the ruling of a single judge who asked Maheshwaram sub-registrar in Rangareddy district to allow registration of villas and apartments at its Discovery City. A bench of Chief Justice Ujjal Bhuyan and Justice N Tukaramji was considering HMDA's appeal, which claimed that the single judge order would be detrimental to its interests. Farmers were also dissatisfied with the works being built in their region without their agreement or compensation, and they petitioned the civil court to order Ramky to stop. They also went to the High Court. The bench delayed the single judge's order and scheduled the case for March 23 to hear both HMDA and the farmers' appeals. Discovery City, founded by Ramky, is sprawled across more than 80 acres of land in survey numbers 227 and 230 of Srinagar village in Maheshwaram mandal. ...
The Forum for People's Collective Efforts (FPCE), a pan-India homebuyers' organisation, has expressed concern about the formation and structure of the West Bengal housing department's committee for implementing the Real Estate (Regulation & Development) Act, 2016 and the West Bengal Real Estate (Regulation & Development) Rules, 2021. FPCE has expressed concerns about the committee's composition, stating little representation for homeowners and a skewed strength of real estate developers despite the committee's goal of easy implementation of the Act and guidelines. ...
The Gujarat High Court served notice on the Archaeological Survey of India (ASI), the Ahmedabad Municipal Corporation (AMC), and two developers in response to a public interest litigation (PIL) filed against the erection of buildings in the prohibited and regulated zones of a listed monument in Paldi, the small stone mosque or Rani Masjid. Janaksinh Parmar, a local homeowner, filed the PIL alleging that HR Space Con LLP and Param Con Corp LLP constructed structures inside the 100m restricted and 200m regulated zones. ...
On Tuesday, the Municipal Corporation (MC) razed five illegal buildings being built at Kunj Vihar, Noor Villa, and Malhi road in the Haibowal district, as part of its ongoing campaign against illegal constructions. The proprietors were erecting the buildings without the civic body's approval and in violation of building bylaws. Two residential and one commercial building in Kunj Vihar, one industrial building in Noor Villa, and one commercial building on Malhi Road were all targeted. ...
The Cuttack Development Authority (CDA) has notified the Orissa High Court that it is working on a new regulation for suitable planning in the city's core/old sections for residential and other purposes, such as kalyan mandaps (banquet halls), and so on. CRISIL, a consultant, had been engaged by the CDA to prepare the new regulation. ...
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