Browsing Tag

phased development

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Bombay HC quashes ₹3 Cr+ stamp duty demand against Romell Real Estate in Malad slum redevelopment case. Court rules Permanent Transit Camp (PTC) cannot be added to consideration per Guideline 26 & holds CCRA order time-barred beyond 6-year limit under Section 53A.

Developer’s Residual Rights in a Real Estate Project and How it Impacts Homebuyers

In a significant ruling, the Bombay High Court quashed a unilateral deemed conveyance order, emphasizing the need for independent architect verification in multi-building layouts. The December 23, 2025 judgment in Velantine Properties highlights the tension between developers’ residual rights to unused land and FSI, and homebuyers’ demand for timely property transfer under MOFA—illustrating why clear contracts and fair assessments are crucial for both sides.