HDIL Archives - Square Feat India

SRA has initiated land acquisition proceedings for two key Bandra plots previously under HDIL, bringing new hope to stalled slum schemes after the authority removed the HDIL group as developers in January 2025.

Realty

HDIL-linked Bandra Slum Redevelopment Projects Gain Fresh Momentum as SRA Initiates Land Acquisition

SRA has initiated land acquisition proceedings for two key Bandra plots previously under HDIL, bringing new hope to stalled slum schemes after the authority removed the HDIL group as developers in January 2025.

SquareFeatIndia
June 5, 2026
2 minute read

Bombay High Court allows IL&FS Financial Services to proceed with ₹203.66 crore summary suit against principal borrower Serveall Constructions despite IBC moratoriums

Realty

Bombay HC Lets IL&FS Chase HDIL’s ₹204 Crore Loan from Main Borrower Despite Insolvency Shield

Bombay High Court allows IL&FS Financial Services to proceed with ₹203.66 crore summary suit against principal borrower Serveall Constructions despite IBC moratoriums

SquareFeatIndia
April 8, 2026
2 minute read

Realty

HDIL Sold Non-Existent Flats, Society Denies Membership, Court Says Society Is Right

In a major victory for housing societies, the Bombay High Court has upheld the decision of Dheeraj Dreams CHS Ltd. to deny membership to buyers who purchased “flats” that never existed. HDIL had sold mandatory refuge areas as residential flats years after the developer lost rights over the property. The Court ruled that societies cannot be forced to admit members for non-existent flats as it would violate the law.

SquareFeatIndia
March 27, 2026
3 minute read

Maharashtra Real Estate Appellate Tribunal upholds RERA exemption for projects on land under 500 sq m, even with over 8 units, denying buyers access to authority remedies for possession delays. Discover the key provisions and what options remain for affected flat owners.

Realty

HDIL Insolvency Proceedings Stall MahaRERA Complaint – Homebuyers Left in Limbo

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has adjourned complaints filed by homebuyers against HDIL sine die due to the insolvency moratorium mandated under the Insolvency and Bankruptcy Code (IBC). The decision was held by Ravindra Deshpande on August 20, 2019, leaving homebuyers in uncertainty as they await resolution through the ongoing Corporate Insolvency Resolution Process (CIRP).