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HOMEBUYER SAFEGUARDS
IBBI tightens real estate insolvency rules to prioritise home deliveryIndia's insolvency regulator has implemented new rules to prioritize project completion and better homebuyer oversight. Independent assessm...- ₹1.70 crore undisclosed cash alleged in property sale, Income Tax Dept relies on WhatsApp chats and Excel sheets; here's why taxpayer wins at ITAT DelhiThe Delhi Income Tax Appellate Tribunal quashed the assessment against Mr. Sehgal regarding alleged undisclosed cash. The Income Tax Depart...
- Canada-based senior citizen faced income tax liability of ₹83.2 lakh as STCG; here's why he wins at ITAT Bengaluru on technical groundA recent ITAT ruling highlights the critical importance of following proper legal procedures in income tax reassessment cases. When a taxpa...
- Dubai NRI bought Rs 2.31 crore property, didn’t file ITR, got income tax notice; she fights back and wins in ITAT on these groundsMrs Chudamasa’s counsel argued that the AO had erred in treating Rs 2,31,20,000 as investment made during financial year 2017-18. He submit...
- Dissenting housing society members challenge redevelopment plan citing 10% less area, but lose the case in Maharashtra co-operate appellate court for this reasonTwo members challenged redevelopment plan citing 10% less area with potential Rs 25 to 30 lakh loss; loses case in Maharashtra Co-operative...
- Homeowner wins against builder over roof leakage: Telangana RERA cites 5- year liability ruleHomeowner facing water leakage from roof issue wins relief in Telangana RERA as tribunal said builder is liable to fix it since its reporte...
- 'Can't remain a spectator': SC asks Centre to strictly enforce rules so developers can't defraud or exploit homebuyersThe Supreme Court has directed the government to actively intervene in stalled housing projects, recognizing the right to housing as fundam...
- Homebuyers’ body FPCE urges govt to act against misleading realty advertisementsThe Forum for People’s Collective Efforts has contacted the Ministry of Consumer Affairs about misleading ads in real estate. They urge the...
- NCLT asks Mahindra Homes to notify homebuyers in the share capital reduction caseMahindra Homes, a Mahindra Group subsidiary, was directed by the NCLT to notify homebuyers about its proposed capital reduction. This invol...
- MahaRERA proposes self-declaration of project quality by realty developersThe Maharashtra Real Estate Regulatory Authority (MahaRERA) has proposed that realty developers provide an annual self-declaration on proje...
- MahaRERA mandates single registration number for each standalone projectAccording to the latest directive, going forward, any promoter seeking new registration for a housing project must submit a declaration-cum...
- Govt should safeguard homebuyers' interests in Noida, Gr Noida: BJP's Mahesh Sharma in ParliamentThe Bharatiya Janata Party (BJP) leader said the situation is such that middle-class families have invested their entire life's earnings an...
- RERA becomes functional in Bengal, says top officialHomebuyers' association FPCE had recently urged the West Bengal government to make the real estate law RERA functional in the state at the ...
- IBC: SC upholds homebuyers’ rights as financial creditorsThe bench said only genuine homebuyers can invoke insolvency proceedings against the builder and asked the Centre to file an affidavit taki...
- Will protect your interests, HC tells Jaypee homebuyersAs the homebuyers urged the bench to pass an interim order to stop liquidation of the company, the bench assured them that their interests ...
- Law amended to help homebuyers, SC toldReal estate companies have challenged the validity of Section 5(8)(f) of the IBC, 2016 which ensures inclusion of homebuyers as financial c...
- Homebuyers may get a say in insolvency proceedings for real estate companiesThey may be given the right to participate in the insolvency resolution process and be part of the committee of creditors.
- Jaiprakash Associate Limited deposits Rs 125 crore in SC registrySources said that JAL, which had so far deposited Rs 425 crore with the apex court registry, has deposited the remaining amount of Rs 125 c...
- Homebuyers of Jaypee Wish Town project must get their flats or their money: Supreme CourtThe apex court revived the insolvency proceedings against Jaypee Infratech Ltd and given its management control to the IRP, appointed by th...
- RERA: Existing buyers fear Karnataka government may not protect their interestsAlthough Karnataka was the first state to notify the draft rules last year, it’s yet to come out with the final rules and set up a state-le...
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