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Karnataka Real Estate Crisis: Over 2,600 Projects Delayed, Rs 6 Bn Refunds Owed

Real Estate

Karnataka Real Estate Crisis: Over 2,600 Projects Delayed, Rs 6 Bn Refunds Owed

More than 2,600 real estate projects in Karnataka have missed their scheduled completion deadlines, leaving developers and homebuyers in a state of uncertainty and financial distress.

June 6, 2025
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Maharashtra Real Estate Appellate Tribunal: Developer Must Refund NRI Homebuyer Despite No Signed Sale Agreement

real estate news

Maharashtra Real Estate Appellate Tribunal: Developer Must Refund NRI Homebuyer Despite No Signed Sale Agreement

The Maharashtra Real Estate Appellate Tribunal (MREAT) has ruled that a real estate developer cannot deny a refund to a homebuyer, even without a signed sale agreement, due to delayed possession.

May 28, 2025
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Madras High Court Directs ITO to Process Rs. 3L Income Tax Refund Claim

Real Estate

Madras High Court Directs ITO to Process Rs. 3L Income Tax Refund Claim

The Madras High Court has directed a taxpayer to file a fresh representation before the Income Tax Officer (ITO) for an income tax refund of Rs. 3 lakhs for the Assessment Year (AY) 2015-16. The court also instructed the ITO to consider and act upon the representation within six weeks.

May 18, 2025
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Madras High Court Directs ITO to Process Rs. 3L Income Tax Refund Claim

Real Estate

Madras High Court Directs ITO to Process Rs. 3L Income Tax Refund Claim

The Madras High Court has directed a taxpayer to file a fresh representation before the Income Tax Officer (ITO) for an income tax refund of Rs. 3 lakhs for the Assessment Year (AY) 2015-16. The court also instructed the ITO to consider and act upon the representation within six weeks.

May 18, 2025
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Madras High Court Directs ITO to Process Rs. 3L Income Tax Refund Claim

Real Estate

Madras High Court Directs ITO to Process Rs. 3L Income Tax Refund Claim

The Madras High Court has directed a taxpayer to file a fresh representation before the Income Tax Officer (ITO) for an income tax refund of Rs. 3 lakhs for the Assessment Year (AY) 2015-16. The court also instructed the ITO to consider and act upon the representation within six weeks.

May 18, 2025
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Madras High Court Directs ITO to Process Rs. 3L Income Tax Refund Claim

Real Estate

Madras High Court Directs ITO to Process Rs. 3L Income Tax Refund Claim

The Madras High Court has directed a taxpayer to file a fresh representation before the Income Tax Officer (ITO) for an income tax refund of Rs. 3 lakhs for the Assessment Year (AY) 2015-16. The court also instructed the ITO to consider and act upon the representation within six weeks.

May 18, 2025
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