Introduction:- In a landmark decision with potential repercussions for real estate ventures nationwide, the National Green Tribunal (NGT) has reshaped the criteria for evaluating environmental clearance. The tribunal emphasized that fire safety provisions, parking spaces, and recreation grounds should now be integral components when calculating a realty project’s built-up area. The significance of this ruling…
In a recent dеcision, a bеnch comprising Chairpеrson Justice Prakash Shrivastava, Justicе Sudhir Agarwal, and Dr A. Sеnthil Vеl at thе National Grееn Tribunal (NGT) dеlivеrеd a robust critique of thе State Pollution Control Boards (SPCBs) and thе Central Pollution Control Board (CPCB). The tribunal’s order, prompted by a news report on 20th November, asserts…
Introduction:- Did you know that the Securities and Exchange Board of India (SEBI) has given its approval for small and medium-sized Real Estate Investment Trusts (REITs) to enter the market? This exciting development is set to revolutionize the way investments are made in the real estate sector and offer greater liquidity to investors. In this…
Due to his opulent lifestyle, Vijay Mallya was formerly referred to as the “King of Good Times” but has been engulfed in financial scandals and controversies since 2012. Nevertheless, he departed with a debt to a consortium of seventeen Indian banks totaling around ₹90 billion (US$1.1 billion). Mallya faces allegations that he utilized the loans…
