Latest Realty News

Jun 08, 2015
MUMBAI: In a landmark order that would bring FDI in real estate projects under a legal scanner, the Bombay high court declined relief to IDBI Trusteeship Services in what it said was "clearly an attempt at seeking active court assistance to achieve what the law prohibits and that is clearly inconsistent with public interest." The law permits FDI investment in real estate development only in the form of equity and prohibits investment with assured returns, the court said.
Apr 08, 2015
MUMBAI: The Bombay HC has ordered 21 flat owners of a housing society in Oshiwara to vacate their apartments in 60 days to make way for the redevelopment of the building.
Mar 25, 2015
MUMBAI: A builder's failure to make much progress in carrying out a mega redevelopment scheme in Malad has cost him the project.
Mar 20, 2015
MUMBAI: Twenty-five years after its top eight floors were demolished, the stage is set for the razing of the remaining 28 storeys of Pratibha
Feb 19, 2015
Mumbai: The Brihanmumbai Municipal Corporation (BMC) last week submitted the city's new coastal zone management plan (CZMP)
Feb 06, 2015
MUMBAI: Bombay high court has dismissed a bunch of petitions challenging a state notification, which required developers or land owners to set aside 20 % of the plot for affordable housing
Feb 03, 2015
Mumbai: Realty players are considering approaching the Bombay High Court against the revision in ready reckoner (RR) rates across Maharashtra
Jan 20, 2015
MUMBAI: Paying a compensation of Rs 4 per square metre for two sprawling plots in the centre of Mumbai was unreal, the Bombay high court told the Maharashtra government, and ordered a much bigger payout
Jan 17, 2015
MUMBAI: An association of real estate developers challenged a new income tax provision that seeks to curb tax evasion due to "sales at values lower than the government's ready reckoner rates"
Citizens may benefit as BJP against 20% hike in property tax
Jan 07, 2015
MUMBAI: The rift between the Shiv Sena and BJP is likely to benefit property owners in the city
Bombay HC seeks Pimpri Chinchwad Municipal Corporation affidavit about demolition drive
Jan 07, 2015
PUNE: The Bombay high court has directed the city engineer of Pimpri Chinchwad Municipal Corporation (PCMC) to submit an affidavit before February 2 giving details about the demolition of unauthorized constructions
Real Estate Developers rushing to get approval for projects in CRZ
Jan 06, 2015
Mumbai: Real Estate developers are approaching the Bombay High court to get their individual projects for high-rises along the coastline approved
Probe stayed against Housing Development Infrastructure Ltd, govt officials in alleged Slum Rehabili...
Dec 30, 2014
Mumbai: Major relief to real estate major Housing Development Infrastructure Ltd (HDIL )
No capital gains on sale of FSI by housing societies, rules Bombay HC
Dec 20, 2014
MUMBAI: A housing society does not have to pay any capital gains tax when it sells additional floor space index (FSI) to a builder, according to a recent Bombay high court decision
Bombay HC clears redevelopment of Andheri housing society
Dec 19, 2014
MUMBAI: Nearly 500 families languishing in alternative accommodation for eight years due to disputes over their society's redevelopment will finally see a ray of hope
Maharashtra orders regularization of homes on ‘private forest land’
Dec 19, 2014
MUMBAI: The state revenue and forest department has directed the deputy conservator of forests and deputy collectors to implement the Supreme Court order to regularize houses on plots that had been labelled private forest land
HC asks developer to deposit Rs 14 lakh to cut 70 trees and plant 5 for each
Dec 12, 2014
MUMBAI: In a unique order, the Bombay high court has directed a builder to deposit Rs 14 lakh
HC: Why is BMC giving water to illegal bldgs and not slumdwellers?
Dec 09, 2014
MUMBAI: The Bombay high court rapped the Brihanmumbai Municipal Corporation, asking why it was providing water supply to residents of illegal buildings and not to similarly placed slum-dwellers
Building dept circulars must go online: HC
Nov 14, 2014
MUMBAI: The Bombay high court directed the BMC to be entirely transparent and place online all circulars issued by its building proposal department
No need to tweak housing society by-laws to undertake redevelopment
Nov 13, 2014
MUMBAI: A housing society is not required to change its by-laws before undertaking redevelopment of its premises, the HC has ruled
Relief for builders in land Act
Nov 12, 2014
MUMBAI: In a relief for developers in Mumbai, the SC issued a notice to the Maharashtra government and restrained the state from cancelling development schemes
Landlord, tenants, Mhada can share cessed buildings' repair cost: Bombay HC
Nov 08, 2014
MUMBAI: Landlord, tenants, Mhada can share cessed buildings' repair cost: Bombay HC
Jindals' Rs 300 crore property caught in heritage row
Nov 04, 2014
MUMBAI: Morena House, the Carmichael Road property bought by steel tycoon Sajjan Jindal six years ago and now believed to be worth Rs 300 crore, is now caught in a heritage-versus-redevelopment row
Bombay high court appoints Adarsh panel judge to probe CM quota flats scam
Oct 10, 2014
Bombay high court appointed one man inquiry commission to probe into the allotments of flats under the chief minister's discretionary quota
Land row: HC orders Rs 40 lakh fine for sponsored litigation
Oct 09, 2014
In an unprecedented order, the Bombay high court has ordered a Mumbai resident to shell out Rs 40 lakhs as legal costs while dismissing his application seeking to stop the allotment of a sprawling plot in Versova to a cooperative housing society and halt development by a city builder

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