Browsing Tag

Real Estate

463 posts
The Bihar RERA has fined a developer ₹1 lakh for displaying "Coming Soon" posters and online ads for an unregistered project, holding that even minimal promotions violate Section 3 of the RERA Act and defeat buyer protection goals.

Developer’s Accounts Frozen for Failure to Pay Allottees, Tribunal Rejects Plea to Unfreeze

A Mumbai-based real estate developer, Altaa Construction, has had its plea to unfreeze bank accounts rejected by the Maharashtra Real Estate Appellate Tribunal. The accounts were frozen by authorities due to the developer’s continuous failure to comply with orders dating back to 2020, which mandated the payment of Rs. 71 lakh in interest to allottees. The Tribunal cited a “dilatory strategy with malafide intentions” on the part of the developer, noting the allottees’ five-year struggle to recover their dues.
Ranveer Singh with his wife Deepika Padukone

Ranveer Singh and Deepika Padukone Reregister Rental Agreement for Prabhadevi Flat

Mumbai: Bollywood’s beloved couple, Ranveer Singh and Deepika Padukone, have once again made headlines, this time…
eetendra Kapoor's family firms, Pantheon Buildcon & Tusshar Infra, sell a prime 2.39-acre Andheri land parcel with Balaji IT Park to NTT Global Data Centers for Rs 855 crore.

Jeetendra Kapoor Family Firms Sell Prime Andheri Land for Rs 855 Crore to NTT Global Data Centers

Firms owned by veteran Bollywood actor Jeetendra Kapoor and his family have sold a significant 2.39-acre land parcel in Mumbai’s prime Andheri area to NTT Global Data Centers & Cloud Infrastructure India for a staggering Rs 855 crore. The property, currently housing Balaji IT Park, marks a major real estate transaction in the city.
Nama Xana, Worli

Mumbai Sees India’s Costliest Home Sale at Rs 639 Crore

Mumbai’s luxury real estate market witnesses a historic event as a Rs 639 crore deal for sea-facing duplex apartments in Worli sets a new national record for residential property sales.
Based on the provided news article, here is an excerpt that captures the essence of the ruling: "In a significant legal victory for homebuyers, the Maharashtra Real Estate Appellate Tribunal (MahaRERA Tribunal) has delivered a detailed order affirming the retroactive power of the Real Estate (Regulation and Development) Act, 2016 (RERA Act). The ruling came in the appeals of two allottees from an incomplete project in Malad, solidifying the protection RERA offers to consumers even for agreements made before the law was enacted.

MahaRERA Updates Guidelines for Hearing Complaints, Prioritizes Seniority

MahaRERA has issued a new circular revising the guidelines for hearing complaints filed under Section 31 of the RERA Act. The circular emphasizes that complaints will generally be heard based on the seniority of their filing date, with exceptions for cases involving serious illness, order reviews, settled disputes, and other specific circumstances.