Real Estate
Justice Khata Clamps Down on Frivolous Estate Claims, Upholding Judicial Integrity
In a significant ruling, the Bombay High Court, led by Justice Kamal Khata, has dismissed a Chamber Summons filed by applicants seeking intervention in a testamentary dispute. The Court imposed exemplary costs of ₹25,00,000, emphasizing the need for efficient estate management and deterring frivolous litigation.
Real Estate Mumbai
Court Clamps Down on Frivolous Litigation: Justice Khata Imposes Costs for Estate Misuse
The Bombay High Court, in a significant ruling, dismissed a Chamber Summons filed by applicants seeking intervention in a testamentary dispute. The court imposed a hefty cost of ₹25,00,000 for misusing judicial proceedings and tampering with sealed premises.
Real Estate Maharashtra
Maharashtra Embraces Digital Transformation with Launch of 'e-Bond' System
The Maharashtra government has launched an electronic bond (e-bond) system to streamline import and export transactions, replacing traditional stamp paper bonds. This move is aimed at enhancing efficiency, transparency, and environmental sustainability in the state's economy.
Real Estate
Supreme Court Restrains Supertech Realtors from Creating Third Party Rights in 'Supernova' Project
The Supreme Court has ordered Supertech Realtors and its suspended director to refrain from creating any third party rights in the 'Supernova' project in Noida. The project, a mixed-use real estate venture, is currently under scrutiny due to insolvency proceedings against Supertech Ltd.
real estate news
West Bengal Tribunal Dismisses Landowners' Complaint Against Developer Over Simultaneous Proceedings
The West Bengal Real Estate Appellate Tribunal has dismissed a complaint by landowners against developer Ashok Dutta, stating that identical claims cannot be pursued in multiple legal forums simultaneously.
Real Estate
Bombay High Court Orders Stamp Duty Refund Despite Delayed Application
The Bombay High Court has ruled in favor of a petitioner seeking a refund of stamp duty, despite the application being filed beyond the five-year limitation period. The court observed that the delay was justified due to the petitioner's need to first approach authorities under the RERA Act for the cancellation of the Agreement for Sale.
Real Estate Pune
Pune Municipal Corporation to Release Draft Ward Delimitation Plan
Pune, 22 August 2025: The Pune Municipal Corporation (PMC) is set to release its draft ward delimitation plan today, a crucial step in determining the city's political landscape ahead of long-delayed civic elections. The draft will outline revised ward boundaries, reshaping which areas fall under each electoral unit.
Real Estate Pune
Bidders Raise Offers in Lavasa Corp's Third Round; Valor Estates Leads
In the third round of bidding for the debt-laden Lavasa Corp, all three bidders have increased their financial offers, with Valor Estates leading the race. The competition for this ambitious hill town project in Pune is intensifying, and the creditors have extended the timeline to thoroughly evaluate the revised bids.
Real Estate Maharashtra
NCLAT Upholds NCLT Order, Paves Way for Supertech Realtors' Insolvency Proceedings
The National Company Law Appellate Tribunal (NCLAT) has upheld the National Company Law Tribunal (NCLT) order, clearing the way for insolvency proceedings against Supertech Realtors, the developer of the Supernova project in Noida. The decision follows a petition filed by Bank of Maharashtra over a default claim.
Real Estate Mumbai
Brookfield Expands Mumbai Real Estate Portfolio with Jet Airways’ Office Property
Brookfield Asset Management has acquired an additional office floor in Godrej BKC, a prime commercial tower in Mumbai's Bandra-Kurla Complex, through the insolvency process of Jet Airways.
Real Estate
Jaiprakash Infratech to Challenge Rejected Bid for Jaiprakash Associates in Court
Jaiprakash Infratech Ltd, a leading real estate firm, is set to challenge in court the rejection of its bid to acquire Jaiprakash Associates Ltd (JAL), which could delay the ₹57,000 crore resolution process.
Real Estate Maharashtra
Bombay High Court Orders MahaRERA to Resume Hybrid Hearings in 4 Weeks
The Bombay High Court has directed the Maharashtra Real Estate Regulatory Authority (MahaRERA) to resume hybrid hearings, allowing litigants to choose between physical and virtual appearances, within four weeks.
Real Estate Mumbai
Bombay High Court Acquits 12 Accused in 2006 Mumbai Train Blasts Case, Citing Lack of Evidence
In a landmark decision, the Bombay High Court has acquitted all 12 individuals previously convicted in the 2006 Mumbai train blasts. The court cited a lack of credible evidence and procedural violations in the investigation.
real estate news
Oberoi Realty Consortium Wins ₹919 Crore Bid for Hotel Horizon
Oberoi Realty, along with Shree Naman Developers and JM Financial Properties, has won the bid for Hotel Horizon through the IBC process, marking a significant milestone in the real estate sector.
Real Estate
Chief Minister Dr. Yadav Engages with Top Investors in Dubai
Chief Minister Dr. Yadav held one-on-one meetings with leading investors in Dubai, discussing potential investments in real estate, education, food processing, and construction. GII, a Shariah-compliant alternative investment firm with a global presence, is now exploring opportunities in these sectors.
real estate news
Mahesh Babu Entangled in Legal Battle Over Controversial Real Estate Endorsement
Telugu cinema star Mahesh Babu faces legal action from the Rangareddy District Consumer Commission over his endorsement of Sai Surya Developers, a real estate firm accused of misleading consumers.
real estate news
Delhi High Court Imposes Rs 1.25 Lakh Fine on Advocate for Filing Repetitive Petitions
The Delhi High Court has imposed a fine of Rs 1.25 lakh on an advocate for filing five repetitive petitions against a real estate company. The court noted that the advocate had concealed the pendency of earlier pleas and misused the legal process.
real estate news
Delhi High Court Upholds ED's Action Against Real Estate Firm, Imposes Rs 1.25 Lakh Fine on Petitioner
The Delhi High Court has endorsed the Enforcement Directorate's (ED) actions against a real estate firm accused of financial irregularities and slapped a fine of Rs 1.25 lakh on the petitioner for concealing facts.
Real Estate Pune
Pune Metro Sets New Record with Over 5.45 Lakh Riders During Wari Processions
Pune Metro witnessed its highest-ever ridership over two consecutive days as traffic restrictions due to the Sant Tukaram and Sant Dnyaneshwar Palkhi processions led to a surge in public transport usage.
Real Estate Pune
Pune Prepares for Palkhi Arrival: Metro Debris Clearance in Full Swing
Pune’s planning authority, PMRDA, is fast-tracking the clearance of Metro-related debris ahead of the annual Sant Dnyaneshwar and Sant Tukaram palkhi processions, ensuring a smooth and safe passage for lakhs of pilgrims.