Mondaq India: Real Estate and Construction
King, Stubb & Kasiva
The Karnataka Apartment Ownership Act, 1974 ("KAOA" or "Act") was enacted to provide ownership to individual residential apartments in the State of Karnataka.
Vaish Associates Advocates
The Law Commission of India, Ministry of Law, Justice & Company Affairs came up with its 57th Report of Law Commission on ‘Benami Transactions' in the year 1973.
Khaitan & Co
Amounts raised from homebuyers contribute significantly to the construction of the real estate projects and hence it is necessary to treat homebuyers as financial creditors.
Cyril Amarchand Mangaldas
The Supreme Court in Pioneer Urban Land and Infrastructure Limited vs. Union of India, has upheld the constitutionality of the Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 (Amendment Act).
Khaitan & Co
The Urban Land (Ceiling and Regulation) Act, 1976 was enacted to prevent concentration of urban properties in the hands of a few and to ensure equitable distribution / utilization of urban vacant lands.
Nishith Desai Associates
GIC and IRB have signed investment agreements for investment up to INR 4,400 crore (approx.. USD 624.11 million) to set-up India's largest private infrastructure investment trust to which IRB
Vaish Associates Advocates
At present, Section 2 (9) (A) of The Prohibition of Benami Property Transactions Act, 1988 as amended by The Benami Transactions (Prohibition) Amendment Act, 2016 sets out certain exceptions to the ...
Cyril Amarchand Mangaldas
The announcement of the Union Budget 2019-2020 (Budget) by the Finance Minister, Ms. Nirmala Sitharaman, introduced a few changes in the periphery of the real estate sector.
King, Stubb & Kasiva
In the case of Poona Ram v Moti Ram & Ors, the bench of Hon'ble Justices Mohan M Shantanagoudar and N.V Ramana of Hon'ble Supreme Court has opined that "a person who asserts possessory title ...
Cyril Amarchand Mangaldas
Taking a cue from the Supertech Home Buyers case (as discussed in Part I of this series), the Haryana Real Estate Regulatory Authority (HRERA) has now issued directions to promoters on opening bank accounts.
Cyril Amarchand Mangaldas
Real estate is one of the largest industries in India. In the past two decades, the real estate sector has seen a boost in the country
Cyril Amarchand Mangaldas
*An eight-part series covering the commercial and legal considerations of REIT listings in India. Click here to read Part 1.
Cyril Amarchand Mangaldas
Since the enactment of Real Estate (Regulation and Development) Act, 2016 (Act), Government of Maharashtra (GoM) was one of the few States to immediately
Singhania & Partners LLP, Solicitors and Advocates
An individual's achievement is often linked to owning a Home or a piece of land or building and the Society is accustomed to judging a person's success in terms of investment in Real Estate.
IndiaLaw LLP
Maharashtra State Government vide its notification on Stamp Duty Deficit Penalty Reduction Amnesty Scheme, which has been notified on 2nd March 2019,
Cyril Amarchand Mangaldas
This is the first part of an eight-part series covering the commercial and legal considerations of REIT listings in India
Cyril Amarchand Mangaldas
The Maharashtra Real Estate Regulatory Authority (MahaRERA) in its recent order has held that mere non-procurement of an occupancy certificate by a developer does not make the developer liable
Cyril Amarchand Mangaldas
There is a requirement under the Real Estate (Regulation and Development) Act, 2016 (Act) to keep aside 70% of receivables from allottees in a separate, designated bank account (RERA Account).
Argus Partners
On the value of owning a property, Franklin D. Roosevelt once said that "Real Estate cannot be lost or stolen, nor can it be carried away.
M Mulla Associates
In effect, a frivolous suit filed by a third party in respect of the property will not be a clog on the title.
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M Mulla Associates
In practice, more often than not, in a dispute over title of a land/property, it is seen that the parties assert their title by placing reliance upon their name being reflected in the revenue records.
Singh & Associates
Land required by MORTH for National Highway projects is acquired under the provisions contained in Section 3 of the National Highways Act 1956.
Cyril Amarchand Mangaldas
Real estate is one of the largest industries in India. In the past two decades, the real estate sector has seen a boost in the country
Singhania & Partners LLP, Solicitors and Advocates
An individual's achievement is often linked to owning a Home or a piece of land or building and the Society is accustomed to judging a person's success in terms of investment in Real Estate.
Khaitan & Co
A full bench of the Hon'ble Supreme Court of India (the Court) in the case of United India Insurance Co. Limited v Hyundai Engineering and Construction Co Ltd & Ors has clarified that the observation of the Court ...
King, Stubb & Kasiva
In the case of Poona Ram v Moti Ram & Ors, the bench of Hon'ble Justices Mohan M Shantanagoudar and N.V Ramana of Hon'ble Supreme Court has opined that "a person who asserts possessory title ...
IndiaLaw LLP
Maharashtra State Government vide its notification on Stamp Duty Deficit Penalty Reduction Amnesty Scheme, which has been notified on 2nd March 2019,
King, Stubb & Kasiva
The Complainant Ajay Nagpal had purchased a flat in the said project whereas delivery of possession was not handed over to the Complainant.
King, Stubb & Kasiva
Real Estate sector has seen an imperative shift from the legal perspective post introduction of the Real Estate (Regulation and Development) Act, 2016 and the Insolvency and Bankruptcy Code, 2016.
Khurana and Khurana
The law in India, however, is unique as it protects the rights of the farmers as well as, the breeders.
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