real estate news
Supreme Court Rules: Developers Not Liable for Homebuyer's Loan Interest in Delayed Flat Delivery
In a significant ruling, the Supreme Court has clarified that real estate developers are not liable to pay the interest on personal loans taken by homebuyers in cases of delayed or non-delivery of flats. This decision impacts the rights of both homebuyers and developers, setting a precedent for future cases.
Real Estate
Supreme Court Ruling: Registration Alone Doesn't Prove Property Ownership
The Supreme Court of India has ruled that registering property does not confer ownership rights, emphasizing the need for thorough legal validation. This landmark judgment is expected to reshape property laws and practices.
Real Estate
Supreme Court's Landmark Ruling on World Environment Day: End of Ex-Post Facto Environmental Clearances
On World Environment Day, the Supreme Court of India reinforced the importance of environmental protection by striking down the practice of granting ex-post facto environmental clearances, ensuring that all projects must obtain prior environmental clearance (EC) before commencing operations.
Real Estate
Supreme Court Upholds ITC for Leased Properties in Safari Retreats Case
The Supreme Court of India has dismissed a review petition filed by the Chief Commissioner of CGST, reaffirming the earlier ruling that Input Tax Credit (ITC) is eligible for properties leased under GST. This decision has significant implications for the real estate and leasing sectors.
Real Estate
Supreme Court Upholds Penalty for Non-Filing of GST Returns and Non-Payment
The Supreme Court has dismissed a Special Leave Petition (SLP) filed by a construction company, affirming the Andhra High Court's decision to impose penalties for non-filing and non-payment of Goods and Services Tax (GST) returns. The ruling underscores the importance of timely compliance with GST regulations.
Real Estate
Supreme Court Upholds GST Ruling in Safari Retreats Case
The Supreme Court of India has dismissed a review petition filed by the CGST, reaffirming the earlier judgment that impacts real estate and leasing businesses under GST.