Legal
A consumer forum in Faridabad has ordered the Real estate developer Triveni Infrastructure to refund Rs 6 lakh to one of its customers. The customer had booked a flat in a township project at Faridabad. even after four years of the booking, the customer is still waiting for the possession. The forum has found the [...] Continue Reading »
The supreme court has ordered the Haryana Urban Development Authority (HUDA) to stopped the construction of the Pinjore-Kalka Urban Complex. In the order, the court has told the Haryana government that ‘the entire land acquisition carried out in the area for developing the complex deserves to be quashed’. With this order the investors who have [...] Continue Reading »
The Himachal Pradesh high court has directed the state government to submit its report regarding efforts made by them to improve the condition of roads in the state. The road construction work taken by the government is going on a very slow pace. The residents of different areas are complaining about the same. The court [...] Continue Reading »
The Supreme Court had extended the stay on sand auctions in Vijayawada, so constructions of all projects in Vijayawada are suffering from the unavailability of sand in the area. Before the apex court issued the ban, the cost of sand was between Rs.3,000 and Rs.3,200. But soon after the ban was implemented the cost has [...] Continue Reading »
The Supreme Court has upheld the AP high court ban on sand quarrying. However, the contractors of Maharashtra are continuously excavating sand from areas of Nizamabad district. Construction activity of real estate in Mumbai are coming to a grinding halt due to the court’s order, the sand mafias are illegally extracting sand for getting higher [...] Continue Reading »
The construction of a 61-storey structure under the Slum Rehabilitation Authority (SRA) scheme has stopped. The construction was started on Eastern slopes of Cumballa Hill by Halkara Builders Pvt Ltd. The builder has stopped the construction of the apartments as the land is slide prone. There is another apartment which stands above the slopes on [...] Continue Reading »
The Delhi Development Authority (DDA) and Delhi Metro Rail Corporation (DMRC) have been asked by the Delhi High Court, to stop the construction of a multi-storied housing society near the University of Delhi. The university had leased 3 hectares of land to DMRC for the construction of Vishwavidyalaya Metro Station and Mass Rapid Transport System [...] Continue Reading »
The Supreme Court has canceled the stay orders on the construction work at the township project in Hyderabad, issued by Andhra Pradesh High Court to the infrastructure firm Lanco Infratech. With this decision, the Lanco Hills will now be constructing the township at Manikonda in the Hyderabad outskirts. The dispute was raised by the Wakf Board [...] Continue Reading »
Private equity (PE) funds have become conscious regarding the investment into real estate in India. Now a days, the PE firms are showing less interest in investing in start up projects, since most of the earlier investments have not shown the expected appreciation so far. Moreover, the project delays also worries the PE investors. $359 [...] Continue Reading »
With the order by the Supreme Court (SC), DLF builders stopped the construction of the Kalka-Pinjore Urban Complex. The villagers of Islamnagar files a special leave petition challenging the land acquisition. The Haryana Urban Development Authority (HUDA) also has to stop its construction activity on the same land in question. Earlier the high court had [...] Continue Reading »
