Latest Realty News

HC: Tenancy row cannot halt razing of shaky buildings
Sep 19, 2014
A tenancy dispute cannot be a reason to halt the demolition of a dangerously dilapidated building, the Bombay high court has ruled
Housing society can approach other builder for redevelopment: HC
Sep 16, 2014
There was no relief from the Bombay high court for Kalpataru Properties in a mega redevelopment project in Kandivli
26 allottees of multiple flats in chief minister's quota face state action
Sep 03, 2014
The state government has prepared a list of 26 people, including prominent politicians, who will face action for occupying more than one flat under the chief minister's quota by producing false affidavits
Blow to Hiranandani, receiver appointed for city property
Dec 30, 2013
MUMBAI: In a blow to one of the biggest names in the real estate indutry, the Bombay high court has appointed a court receiver to manage the property of Hirco Plc's subsidiary Hiranandani Palace Gardens (HPG) in Chennai. The court passed the order on December 24 while hearing an arbitration plea filed by Tata Capital Financial Services Ltd (TCFSL) after HPG defaulted on a loan of 76 crore.
Non-consenting members in a minority cannot halt redevelopment of housing society
Nov 28, 2013
MUMBAI: In a landmark order, the Bombay High Court ruled that non-consenting members who are in a minority cannot stop redevelopment and are bound by the agreement executed between society and developer.
BMC, Mhada must act responsibly, says Court
Nov 16, 2013
MUMBAI: Voicing concern over increasing number of building collapse incidents in the city during the last one year, the Bombay High Court observed that authorities like the municipal corporation and Mhada must act in a more responsible manner rather than shifting blame on each other.
Developers will have to pay 5% VAT, rules Supreme Court
Sep 27, 2013
MUMBAI: In a major setback to realty developers , the Supreme Court has upheld the earlier Bombay High Court verdict that asked builders to pay 5% value-added tax for sale of underconstruction houses between 2006 and 2010 in Maharashtra.
HDIL to challenge Bombay High Court order against 'Mumbai International Airport' plea
Aug 31, 2013
MUMBAI: Real estate developer Housing Development & Infrastructure (HDIL) plans to challenge the Bombay High Court order dismissing its plea against Mumbai International Airport (MIAL) for terminating a contract for a 276-acre slum rehabilitation project.
Mumbai: Decks cleared for auction of Swadeshi Mills' 48-acre land
Aug 25, 2013
MUMBAI: Clearing the decks for the auction of the land and other assets of the defunct Swadeshi Mills, spread over 48 acres in suburban Sion, the Bombay High Court today upheld a single judge's order allowing its winding up.
Mumbai: Decks cleared for auction of Swadeshi Mills' 48-acre land
Aug 24, 2013
MUMBAI: Clearing the decks for the auction of the land and other assets of the defunct Swadeshi Mills, spread over 48 acres in suburban Sion, the Bombay High Court today upheld a single judge's order allowing its winding up.
Maharashtra told to clarify stand on probe into housing ‘scam’
Nov 04, 2012
THANE: The Bombay high court on Friday told the state government to clarify by November 23 its stand on the probe into alleged corruption in the implementation of the Rs 654-crore housing programme for poor in Kalyan-Dombivli.

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