India: Construction & Planning

The Bombay High Court has reinforced that developers cannot indefinitely delay deemed conveyance to housing societies by claiming rights to exploit additional Floor Space Index (FSI) made available through regulatory changes. This ruling clarifies the temporal limits on a builder's contractual rights when statutory conveyance obligations have crystallized, establishing that FSI increases occurring after the mandatory conveyance period belong to the society, not the defaulting developer.

Contracts with Indian Oil Corporation Limited (“IOCL”) are commercially attractive because they offer scale, public-sector creditworthiness and strong credential value.

The Karnataka Government's recent decision to introduce a 100-day One-Time Settlement (OTS) Scheme for the conversion of B-Khata properties into A-Khata marks one of the most significant real estate reforms in recent years. Under the scheme, eligible property owners can obtain an A-Khata by payment of 2% of the property's guidance value, subject to the applicable eligibility criteria presc-ribed under the scheme.

In MCM Worldwide Private Limited v. Construction Industry Development Council [2026 INSC 425], the Supreme Court clarified whether an order passed by an arbitral tribunal rejecting a jurisdictional objection under Section 16 of the Arbitration and Conciliation Act, 1996 can be immediately challenged under Section 34 of the Act.

In V.K. John v. S. Mukanchand Bothra and HUF (Died) Represented by LRs. & Ors. [2026 INSC 393], the Supreme Court considered whether a legal representative aggrieved by an arbitral award can challenge the award under Article 227 of the Constitution of India or Section 115 of the Code of Civil Procedure, 1908, instead of taking recourse to Section 34 of the Arbitration and Conciliation Act, 1996.

This podcast episode provides a comprehensive breakdown of Maharashtra's land record system, exploring the legal framework that governs property documentation and rights in the state.

RBI published its Draft Second Amendment Directions 2026 to the "Commercial Banks - Credit Facilities" framework on February 2026 which introduces a systematized approach for banks to provide credit to Real Estate Investment Trusts (REITs) and establishes unified standards for Infrastructure Investment Trusts (InvITs).

RERA introduced a sector-specific regulatory regime aimed at institutionalising transparency, financial discipline, and accountability in real estate development. Nearly a decade after its enactment, the law has reshaped industry practices, triggered significant litigation, and influenced investment patterns in the sector.

The Chhattisgarh Real Estate Regulatory Authority (CG-RERA) by way of Circular No. 146: RERA/870/2026 dated 02 March 2026, issued binding directions under Section 37 of the Real Estate (Regulation and Development) Act...