The long-standing dispute between Heritage Group and Madhugiri Co-operative Housing Society has taken a new turn as Heritage Group moves to the Supreme Court against the Bombay High Court's recent judgment. The case, which dates back to 2013, involves a r
RedevelopmentSupreme CourtBombay High CourtUrban InfrastructureLegal BattleReal Estate NewsMar 16, 2025
The main issue in the dispute is a redevelopment agreement signed in 2013, where Heritage Group was to redevelop the premises of Madhugiri Co-operative Housing Society. The society members alleged that Heritage Group deviated from the agreed terms and construction quality was subpar.
The Bombay High Court ruled in favor of the Madhugiri Co-operative Housing Society, directing Heritage Group to compensate the members and rectify the issues related to the redevelopment agreement.
Heritage Group is challenging the Bombay High Court's decision in the Supreme Court, arguing that the judgment was based on a misinterpretation of the redevelopment agreement and that the society's claims were unfounded. They assert that they have adhered to the terms of the agreement and that the construction work meets all regulatory standards.
The Supreme Court's decision could set a precedent for similar redevelopment projects in Mumbai and other cities. If upheld, it could affect the way developers and residents negotiate and execute redevelopment agreements. If in favor of Heritage Group, it could provide a boost to developers facing legal challenges.
Urban redevelopment projects in Mumbai often face challenges such as regulatory issues, financial constraints, and legal disputes. Balancing the interests of developers and residents is crucial for the success of these projects.
Fidelity-backed Colt DCS is planning to set up a large hyperscale data centre in Navi Mumbai with an investment of around Rs 8,500 crore, making it a hyperscale and enterprise solution data centre campus.
Indian real estate market to grow at 16% annually, driven by rapid urbanization, infrastructure overhaul, digital transformation, shifting demographics, sustainability, and diversified investments.
Rising Sun Holdings has made a significant foray into Pune's real estate sector with a massive INR 395 crore office acquisition. The company has also diversified into hospitality and other high-value real estate segments, reinforcing its role as a major p
Rise Infraventures, a prominent player in the real estate market, is aiming for a Gross Transaction Value (GTV) of Rs 4000 crore in the fiscal year 2024-25. The company achieved a significant milestone in the previous fiscal year, FY2023-24, with gross sa
A 38-year-old land dealer, Satish Sudam Thopte, was brutally murdered in broad daylight in the Kolhewadi area of Sinhagad Road. Police suspect the murder is linked to a financial dispute over an unpaid loan.
These cities offer significant investment opportunities in the real estate sector, driven by robust infrastructure and demographic growth.