Mondaq India: Real Estate and Construction
Cyril Amarchand Mangaldas
This is the first part of an eight-part series covering the commercial and legal considerations of REIT listings in India
Cyril Amarchand Mangaldas
The Maharashtra Real Estate Regulatory Authority (MahaRERA) in its recent order has held that mere non-procurement of an occupancy certificate by a developer does not make the developer liable
Cyril Amarchand Mangaldas
There is a requirement under the Real Estate (Regulation and Development) Act, 2016 (Act) to keep aside 70% of receivables from allottees in a separate, designated bank account (RERA Account).
Argus Partners
On the value of owning a property, Franklin D. Roosevelt once said that "Real Estate cannot be lost or stolen, nor can it be carried away.
M Mulla Associates
In effect, a frivolous suit filed by a third party in respect of the property will not be a clog on the title.
Vaish Associates Advocates
"Benami Transaction" is defined under Section 2 (9) (A) of The Prohibition of Benami Property Transactions Act, 1988 (hereinafter referred to as "the Act") as:
S.S. Rana & Co. Advocates
The RERA was enacted to protect the interest of the homebuyers and boost investment in the sector.
Singh & Associates
The Real Estate (Development and Regulation) Act, 2016, hereinafter referred to as "RERA", is a central legislation which aims to bring the real estate sector under its ambit thereby aligning the interests of the allottees and the promoters.
Dhaval Vussonji & Associates
As such, the Government has been mulling for a while to resolve such issues and put an end to endless litigations as well as resolve the grievances faced by the Occupants
Dhaval Vussonji & Associates
The Maharashtra Real Estate Regulatory Authority in the case of Anita Castellino vs. Godrej Landmark Redevelopers Private Limited vide its final order dated 22nd January, 2019 has whilst dismissing the complaint, ...
Dhaval Vussonji & Associates
The Maharashtra Real Estate Regulatory Authority and the Real Estate Appellate Authority, under the provisions of Real Estate (Regulation & Development) Act, 2016, its Rules and Regulations that came into force ...
Khaitan & Co
Both the writ petitions were heard together and dismissed by the learned single judge of the Jammu & Kashmir High Court.
M Mulla Associates
Recently, the Government of Maharashtra made an announcement which reiterated the position under Muhammadan law that a Muhammadan may gift immovable property without registration of such gift.
King, Stubb & Kasiva
The Developer further rebutted that only upon such verification by the concerned relevant authorities that the said plots were included in the list prepared by DTCP.
Cyril Amarchand Mangaldas
RERA empowers the Regulator to direct real estate developers to produce their books of accounts.
AMLEGALS
The Appellant is a developer who entered into a Development Agreement in respect of premises situated at Kolkata, West Bengal, with Late Kalidas Sadhu, who was the predecessor-in-interest of the Respondents herein.
Dhaval Vussonji & Associates
A developer by availing development rights, takes control of the construction of building(s) after obtaining requisite approvals from statutory authorities.
Khurana and Khurana
Real Estate Sector in India is one of the few sectors that have witnessed exponential growth in the last two decades.
Singhania & Partners LLP, Solicitors and Advocates
The Bombay high court has confirmed applicability of RERA on sale via agreement to lease.
S.S. Rana & Co. Advocates
Improvement in opportunities and the growing scale of economy in the country has elevated India to emerge as one of the favourable destinations for carrying out business.
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Singh & Associates
Land required by MORTH for National Highway projects is acquired under the provisions contained in Section 3 of the National Highways Act 1956.
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.
Argus Partners
On the value of owning a property, Franklin D. Roosevelt once said that "Real Estate cannot be lost or stolen, nor can it be carried away.
Cyril Amarchand Mangaldas
There is a requirement under the Real Estate (Regulation and Development) Act, 2016 (Act) to keep aside 70% of receivables from allottees in a separate, designated bank account (RERA Account).
King, Stubb & Kasiva
The Complainant Ajay Nagpal had purchased a flat in the said project whereas delivery of possession was not handed over to the Complainant.
Khurana and Khurana
Real Estate Sector in India is one of the few sectors that have witnessed exponential growth in the last two decades.
Vaish Associates Advocates
On 19th March 2019, the 34th meeting of the GST Council recommended numerous rate-cuts for the real estate sector in a bid to ease the tax/compliance burden on all the concerned stakeholders.
Dhaval Vussonji & Associates
Builders often attract purchasers into buying under-construction flats by offering various arrangements and schemes with housing finance lenders to provide some relief to flat purchasers from paying heavy interest costs.
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.
Khaitan & Co
A full bench of the Hon'ble Supreme Court of India (the Court) in the case of United India Insurance Co. Limited v Hyundai Engineering and Construction Co Ltd & Ors has clarified that the observation of the Court ...
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