Supreme Court
Residents of Green Heritage project in Mumbai are planning to move to Supreme Court to save their property which stands illegal. After buying the property, the residents alleged that they have become victims of the violations done by the builder. Earlier, High Court had already passed a verdict for demolition of the property which they [...] Continue Reading »
The Securities and Exchange Board of India (SEBI) told the Supreme Court that the Sahara firm had no right to mobilise Rs.27,000 crore from 30 million investors through debentures without adhering to the regulatory regime. The firm raised money without complying with the regulatory regime of the stock market and listing on the bourses, said [...] Continue Reading »
Any buyer of any apartment in India can sue the builder of the apartment for any king of construction defect under the Consumer protection Act. The Supreme Court has said a private developer selling a flat to a consumer can be defined as a service and thus falls under the Act. New flat owners will [...] Continue Reading »
The Supreme Court has declared the sale of immoveable property in Delhi through the use of a power of attorney will not be considered as a valid mode of transfer of immovable property. This judgment will have a negative effect on the residential real estate market of the national capital. The Power of attorney is [...] Continue Reading »
Builders of Kochi are discouraging the use of river sand and are maximizing the use of m-sand for constructions . The builders association has directed all the construction in Kochi to be done with the help of m-sand, and they are limiting the use of river sand only for plastering. The builders took the decision [...] Continue Reading »
An illegally constructed multi-storey commercial complex on the government’s land has been demolished by the district authorities in Mysore. The structure was lying vacant for the past two years. Once the government has identified the land as government property, they started demolishing the structure. Srinivas, a resident of Kumbarkoppal, approached High Court and then to [...] 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 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 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 »
