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development agreement

3 posts
kolte patil

Bombay High Court Quashes ₹1.96 Crore Stamp Duty Demand on Kolte Patil Rules Authorities Acted Without Jurisdiction

The Bombay High Court has quashed a ₹1.96 crore stamp duty demand against Kolte Patil Developers, ruling that authorities acted without jurisdiction and beyond statutory limitation.
In a landmark ruling on November 25, 2025, the Bombay High Court clarified that the contractual term 'built-up area wall to wall' equates to carpet area, dismissing a developer's challenge to an arbitral award in a Mumbai land development dispute. The decision highlights the need for precise language in real estate agreements to prevent ambiguities over usable space.

Bombay High Court Clarifies ‘Built-Up Area Wall to Wall’ Equals Carpet Area in Real Estate Development Dispute

In a landmark ruling on November 25, 2025, the Bombay High Court clarified that the contractual term ‘built-up area wall to wall’ equates to carpet area, dismissing a developer’s challenge to an arbitral award in a Mumbai land development dispute. The decision highlights the need for precise language in real estate agreements to prevent ambiguities over usable space.
Mumbai Metropolitan Region topped India's land deals in 2025 with 32 transactions for over 500 acres, driving national total to 3,772+ acres amid strong demand for residential, mixed-use, industrial and data centre projects – per ANAROCK Research.

Keyblue Realtors signed a Development Deed worth Rs 116 crore in Ambernath

Keyblue Realtors Pvt. Ltd. an entity of Rustomjee has signed a development…