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Supreme Court

SC to safeguard the interests of the home buyers in the Supertech twin tower case

SC to safeguard the interests of the home buyers in the Supertech twin tower case
Supertech, the Noida authority and a group of buyers had filed a petition challenging the Allahabad high court’s order to demolish the twin towers of Supertech’s Emerald Court. The Supreme Court (SC) will hear the Supertech Emerald Court case which involves Noida’s upscale Sector 93A for flouting building norms. To challenge the Allahabad high court’s [...] Continue Reading »

The apex court has asked the BMC and Pure Drinks for a clarification

The apex court has asked the BMC and Pure Drinks for a clarification
The Supreme Court last Monday has sought replies from the state.  The BMC and Pure Drinks has been asked by the apex court for an amended plea for clarification of its October order against over 100 illegally constructed flats that have been constructed in six buildings at the Campa Cola compound located in Worli. The [...] Continue Reading »

Delhi/NCR: SC asks Supertech to refund money in Noida towers case

Delhi/NCR: SC asks Supertech to refund money in Noida towers case
In a July 30, 2014, ruling, the Supreme Court has asked Supertech to reimburse the principal amount paid to the company by the flat owners in Noida’s Emerald Court twin towers by August 30, 2014. In addition to asking Supertech to refund the flat owners’ money, the Supreme Court has also ordered the realty developer [...] Continue Reading »

398 SEZs have not become operational

398 SEZs have not become operational
398 special economic zones (SEZz) have not yet started the operations despite getting the needed approvals. The aforesaid was stated by the Commerce and Industry Minister Nirmala Sitharaman in Rajya Sabha last day. While giving a reply to the supplementaries during the Question Hour, she stated that setting up of SEZs has been a long [...] Continue Reading »

SC gives DLF a breather over Rs 630-cr penalty imposed by CCI

SC gives DLF a breather over Rs 630-cr penalty imposed by CCI
Last week, realty bigwig DLF got a Supreme Court breather over a Rs 630-crore penalty which the Competition Commission of India (CCI) had imposed on the company for allegedly abusing its leading realty-market position, with regard to a residential society in Gurgaon. During the course of Friday proceedings at the Supreme Court, a bench headed [...] Continue Reading »

The Ruias sell their bungalow for Rs 100 crore

The Ruias sell their bungalow for Rs 100 crore
The Ruias who are the promoters of the Essar group have sold their bungalow in the Jor Bagh area or Delhi for about Rs 100 crore to the Supreme Court lawyer Rohit Tandon. This reflects the revival in the real estate activity in the much coveted part of the capital which also follows the advent [...] Continue Reading »

Parole rejected for Roy: SC approves the sale of hotels in New York and London

Parole rejected for Roy: SC approves the sale of hotels in New York and London
The Apex court on Tuesday refused to release Sahara chief Subrata Roy on bail or parole. Earlier it was sought at the Supreme Court (SC) by the lawyers defending Roy that he should be released on parole for 40 days so that he can sell the overseas properties in London and New York and pay [...] Continue Reading »

Delays in flat delivery are increasing everyday

Delays in flat delivery are increasing everyday
The flat buyers across the country have a perennial complaint that builders rarely provided apartments on time. Despite the assurances, promises and agreements that flat buyers have been facing a challenging task when the builders fail to deliver as has been promised. The property market sources say that the delay in handing over possession is [...] Continue Reading »

Adani Group granted clearances for Mundra SEZ

Adani Group granted clearances for Mundra SEZ
Environment and other coastal clearances have been granted to Adani Ports and Special Economic Zone (APSEZ) for its special economic zone (SEZ) to be spread across an 8,481-hectare area in Mundra — a project which had been halted because approvals were pending for the last many years. With environmental and coastal regulator zone (CRZ) clearances [...] Continue Reading »

Patna: PMC officials visit high-rise building before demolition

Patna: PMC officials visit high-rise building before demolition
On Monday, a team of officials of the Patna Municipal Corporation (PMC) inspected the site of the high-rise Santosha Complex building before demolishing the deviations from the approved building map. Santosha Complex is located at Bandar Bagicha, off Fraser Road. The PMC officials’ visit to the Santosha Complex building was in compliance with the orders [...] Continue Reading »



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