Mondaq India: Real Estate and Construction > Real Estate
AZB & Partners
On August 9, 2019, CCI imposed a penalty on Jaiprakash Associates Limited (‘Jaypee') for imposing unfair/ discriminatory conditions in a Provisional Allotment Letter (‘PAL') ...
Dhaval Vussonji & Associates
The NCLT in its judgment has noted that IHFL had disbursed the loan amount in the account of the Developer on the various dates.
LexOrbis
In India, persons are not permitted to take forcible possession.
AZB & Partners
Though the concept of ancestral property has been in existence since time immemorial, the term has not been defined in any of the legislations governing
King, Stubb & Kasiva
With no end in sight to the number of real estate bankruptcies in the country, the Hon'ble Supreme Court has been perhaps the only beacon of light to home buyers who have been embroiled in a quagmire of litigations ...
AZB & Partners
On May 8, 2019, CCI approved the acquisition of sole control by Glenville Investments Pte. Limited (‘Glenville') over TJ Holdings (III) Pte. Limited (‘TJ Holdings') and increase in its shareholding
King, Stubb & Kasiva
The Karnataka Apartment Ownership Act, 1974 ("KAOA" or "Act") was enacted to provide ownership to individual residential apartments in the State of Karnataka.
Vaish Associates Advocates
The Law Commission of India, Ministry of Law, Justice & Company Affairs came up with its 57th Report of Law Commission on ‘Benami Transactions' in the year 1973.
Vaish Associates Advocates
The Hon'ble Supreme Court of India in a recent judgment dated 9th April 2019, passed in the case of P. Leelavathi (D) by L.R.s vs. V. Shankarnarayana Rao (D) by L.R.s bearing Civil Appeal No. 1099 of 2008, ...
Khaitan & Co
Amounts raised from homebuyers contribute significantly to the construction of the real estate projects and hence it is necessary to treat homebuyers as financial creditors.
Cyril Amarchand Mangaldas
The Supreme Court in Pioneer Urban Land and Infrastructure Limited vs. Union of India, has upheld the constitutionality of the Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 (Amendment Act).
Khaitan & Co
The Urban Land (Ceiling and Regulation) Act, 1976 was enacted to prevent concentration of urban properties in the hands of a few and to ensure equitable distribution / utilization of urban vacant lands.
Vaish Associates Advocates
At present, Section 2 (9) (A) of The Prohibition of Benami Property Transactions Act, 1988 as amended by The Benami Transactions (Prohibition) Amendment Act, 2016 sets out certain exceptions to the ...
King, Stubb & Kasiva
In the case of Poona Ram v Moti Ram & Ors, the bench of Hon'ble Justices Mohan M Shantanagoudar and N.V Ramana of Hon'ble Supreme Court has opined that "a person who asserts possessory title ...
Khaitan & Co
In a batch of writ petitions (Civil Writ Petition No. 2915/2019 and others), the Hon'ble Rajasthan High Court has held that the Benami Transactions (Prohibition) Amendment Act, 2016 is prospective in nature ...
Cyril Amarchand Mangaldas
Taking a cue from the Supertech Home Buyers case (as discussed in Part I of this series), the Haryana Real Estate Regulatory Authority (HRERA) has now issued directions to promoters on opening bank accounts.
Vaish Associates Advocates
The essence of a benami is the intention of the party or parties concerned; and not un-often such intention is shrouded in a thick veil which cannot be easily pierced through.
Vaish Associates Advocates
The Hon'ble High Court of Allahabad in the case of Prakash Narain vs. CIT/CWT(1 [1981] 6 Taxman 159 (All)] has held that for determining a particular transaction as benami, following criteria should be fulfilled:-
Cyril Amarchand Mangaldas
Real estate is one of the largest industries in India. In the past two decades, the real estate sector has seen a boost in the country
Cyril Amarchand Mangaldas
*An eight-part series covering the commercial and legal considerations of REIT listings in India. Click here to read Part 1.
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M Mulla Associates
In practice, more often than not, in a dispute over title of a land/property, it is seen that the parties assert their title by placing reliance upon their name being reflected in the revenue records.
LexOrbis
In India, persons are not permitted to take forcible possession.
Cyril Amarchand Mangaldas
The Supreme Court in Pioneer Urban Land and Infrastructure Limited vs. Union of India, has upheld the constitutionality of the Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 (Amendment Act).
Dhaval Vussonji & Associates
The NCLT in its judgment has noted that IHFL had disbursed the loan amount in the account of the Developer on the various dates.
AZB & Partners
On August 9, 2019, CCI imposed a penalty on Jaiprakash Associates Limited (‘Jaypee') for imposing unfair/ discriminatory conditions in a Provisional Allotment Letter (‘PAL') ...
Khaitan & Co
The Urban Land (Ceiling and Regulation) Act, 1976 was enacted to prevent concentration of urban properties in the hands of a few and to ensure equitable distribution / utilization of urban vacant lands.
Dhaval Vussonji & Associates
Revenue recognition is a cornerstone of accrual accounting system which determines the accounting period in which revenues and expenses are to be realized.
King, Stubb & Kasiva
In the case of Poona Ram v Moti Ram & Ors, the bench of Hon'ble Justices Mohan M Shantanagoudar and N.V Ramana of Hon'ble Supreme Court has opined that "a person who asserts possessory title ...
IndiaLaw LLP
Maharashtra State Government vide its notification on Stamp Duty Deficit Penalty Reduction Amnesty Scheme, which has been notified on 2nd March 2019,
AZB & Partners
Though the concept of ancestral property has been in existence since time immemorial, the term has not been defined in any of the legislations governing
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