The Bombay High Court has ruled that statutory activities can continue even while the election code is in force. This decision has significant implications for various stakeholders, including government bodies and real estate developers in Maharashtra. St
Bombay High CourtElection CodeStatutory ActivitiesReal EstateMaharashtraReal Estate MaharashtraNov 08, 2024
The Model Code of Conduct (MCC) is a set of guidelines issued by the Election Commission of India to ensure free and fair elections. It is enforced from the announcement of the election schedule until the completion of the voting process.
The petition was filed by a group of citizens and real estate developers who argued that the MCC was unduly restricting their ability to carry out essential statutory functions, such as issuing permits and approvals.
The Bombay High Court ruled that statutory activities can continue even while the election code is in force. The court emphasized that the MCC does not override statutory obligations.
The ruling provides relief to real estate developers as it allows them to proceed with projects and obtain necessary approvals without unnecessary delays, thus ensuring the smooth functioning of the sector.
Premium residential under-construction properties in Delhi, Noida, Gurugram, Bengaluru, and Mumbai have seen a significant surge in prices, driven by growing demand and evolving lifestyle preferences.
Lodha One Bund Garden's Emperor Palace penthouse sells for INR 37cr, setting a new benchmark for luxury living in Pune.
The counting of votes for the Biennial election to 11 council seats in Maharashtra has concluded, with the ruling Mahayuti alliance winning all 9 seats they contested.
MIG households are families with an annual income from ₹6 lakh up to ₹9 lakh. The government will provide assistance of ₹2.30 lakh crore under the scheme to construct, purchase, or rent a house at an affordable cost in urban areas.
The finance ministry’s economic review highlights the real estate sector’s resilience, with a notable surge in demand during the festive season and a robust office leasing market.
hBits, a platform for fractional ownership of commercial real estate, has secured Rs 40 crore in Series A funding. This investment will be used to enhance their AI-driven platform and expand their reach, making high-quality real estate accessible to a bro