ITAT Mumbai judgment Archives - Square Feat India

In a ruling that clarifies the scope of RERA protections, MahaRERA has held that an initial investment later converted into a registered flat purchase creates a valid allottee-promoter relationship, entitling the complainant to withdraw from a delayed project and claim full refund with interest, irrespective of COVID-related extensions.

Realty

NRI Buys Mumbai Home With Dubai Savings — Tribunal Says No Tax Can Be Levied

An NRI who bought a Mumbai home using his Dubai salary has won a major tax battle. ITAT Mumbai ruled that foreign earnings remitted legally cannot be taxed in India and deleted the entire ₹2 crore addition.

SquareFeatIndia
November 21, 2025
3 minute read

In a major boost for homebuyers, the Supreme Court has ruled that merely leasing or renting out a purchased residential flat does not disqualify buyers from filing consumer complaints against builders for delays or unfair practices. The verdict in Vinit Bahri vs MGF Developers restores a dismissed case and clarifies that builders must prove "commercial purpose" to exclude consumer status.

Realty

Supreme Court Brings Massive Relief to Thousands of Greater Noida Homebuyers: Stalled Earth Projects to Resume Soon

"After 10 years of waiting, hope is finally here! Supreme Court orders resumption of…

SquareFeatIndia
May 13, 2026

India’s real estate sector recorded USD 4.3 billion in PE investments across 60 deals in FY26, marking a 7-year high, with office assets leading and domestic capital hitting a multi-year peak.

Realty

Maharashtra Releases ₹5,585 Crore GST Compensation to Municipal Corporations for April–May 2026

The Maharashtra Urban Development Department has approved ₹5,585.68 crore in GST…

SquareFeatIndia
May 13, 2026

“Entries in Revenue Records or Jamabandi serve only a fiscal purpose… A Revenue Record is not a document of title and does not confer any ownership or title upon the person whose name appears in it.” — Supreme Court of India

Realty

SC Rules: Revenue Records No Proof of Title or Ownership

“Entries in Revenue Records or Jamabandi serve only a fiscal purpose… A Revenue Record…

SquareFeatIndia
May 13, 2026

Real estate stocks opened mixed as Indian markets showed early signs of stabilisation. While select developers like DLF and Phoenix Mills saw buying interest, others remained under pressure, pointing to a volatile and stock-specific trading session ahead.

Realty

Realty Stocks Open Weak as Dalal Street Extends Cautious Trend; Heavyweights Drag Sector Lower

Real estate stocks witnessed heavy selling pressure at the opening bell as the Nifty…

SquareFeatIndia
May 13, 2026