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…
Introduction: – A Revolution in Real Estate Sector The Real Estate Regulation Act 2016 (RERA) has been widely hailed as a game-changer for the Indian real estate industry. Enacted to protect the interests of homebuyers and bring about transparency in the sector, RERA has brought about significant changes in the way real estate projects are…
The emergence of townships in Maharashtra signifies a new trend in urban development. While it is constitutionally a prerogative of the State Government and Urban Local Bodies to undertake such development, the Township Notification invites private players on a large scale to participate in urban development. This policy aims to reduce the involvement of state…
In today’s era, the first and foremost thing on the mind of every home buyer, particularly in Mumbai, is whether a building has an Occupancy Certificate, or ‘OC’ in its more popular abbreviated form. If the occupancy certificate is not present and an individual still goes on to buy the property, the resale of the…
IntroductionScheduled for November 25, the Securities and Exchange Board of India (SEBI) is ready for a crucial meeting, delving into proposals geared toward regulating investment systems supplying fractional ownership of real property property. Simultaneously, SEBI is about to scrutinize and probably overhaul the prevailing delisting rules, demonstrating a commitment to transparency and investor protection within…
Money stuck in an on-going real estate project is the worst experience that a person can undergo. While every month the EMI payments go into a bottomless barrel, there is no sign of any project completion in sight. As a consequence, while Builders may run scot-free with buyer’s money, it is the consumers who are…
Buying a flat is the investment decision of a lifetime. In India, people work round the clock to earn which will result in savings. This savings will subsequently be invested in buying a house. What are the effects of new tax regime?As the popularity of Apartment living grows, more and more people are in the…
