The Bombay High Court has ruled that recklessly uttering that a public servant is a 'cheater
DefamationBombay High CourtPublic ServantCorruptionReal Estate AgentReal Estate MumbaiMay 29, 2024

The court ruled that recklessly uttering that a public servant is a 'cheater corrupt' constitutes defamation not abuse
The complainant was a retired police officer who had worked for nearly 30 years and was posted as Police Sub-Inspector (PSI) at Chembur Police station
The dispute arose when the complainant and his family members approached the real estate agent to purchase shops and the agent made false and vexatious allegations against the cop
The ACB conducted an open inquiry against the ex-cop and closed the inquiry in 2018 stating that it could not find disproportionate assets
The punishment sought against the real estate agent was under section 500 (punishment for defamation) of the Indian Penal Code (IPC)

Private equity investments in Indian real estate surged 15% YoY to USD 3 billion in H1 2024, driven by growth in warehousing and residential sectors.

In a move to simplify tax calculations, the government has introduced an option for taxpayers to compute capital gains tax on real estate transactions. This change is expected to benefit property sellers and reduce disputes over tax liabilities.

Mid-tier cities like Faridabad, Lucknow, Vrindavan, Ludhiana, Chandigarh, Indore, Dehradun, and Jaipur are becoming hotspots in the real estate market, offering a low-cost, peaceful life and high returns on investment.

MahaRERA appoints NAREDCO Maharashtra as the first self-regulatory organization. The Maharashtra Real Estate Regulatory Authority makes a significant step towards ensuring transparency and accountability in the real estate sector.

Real estate mogul and entrepreneur Barbara Corcoran will take center stage at the premier supply chain conference of the year in Ottawa, Ontario, Canada.

Coimbatore leads the growth with a 36% increase in sales volume, while Visakhapatnam's real estate market experiences a 21% downturn.