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REAL ESTATE PENALTIES
Noida Sports City revival helps developer to launch new projects amid constraints in land supplyNoida is gearing up for a transformation with the revival of its stalled Sports City projects! Thanks to the Supreme Court's recent decisio...- Dharavi to become a smart city: HSBC says Asia's largest slum could soon have metro stations, green spaces & 125,000 new homesDharavi's massive redevelopment project, a joint venture between the Maharashtra government and Adani Group, aims to transform the Mumbai s...
- New Dubai shared housing rental law: 5 big changes as land department can now order tenant eviction, cancel landlord permits if new rules are not followedDubai is introducing a new law for shared housing. Landlords must get permits from the Dubai Land Department. Non-compliance can lead to te...
- Indiabulls Real Estate case: Four entities pay Rs 10.5 cr to Sebi as settlementMarket regulator Sebi on Thursday settled proceedings against four entities in a case related to alleged diversion of funds involving erstw...
- Alpha Corp to take over three stuck projects following Supreme Court approvalThe Supreme Court has revived Alpha Corp's plan to complete three stalled projects of Earth Infrastructures. This decision offers hope to o...
- RSU vs ESOP: Which is better for you as employee? Pros and cons explainedFrom vesting-day perquisite taxes to a 40% US estate levy that most Indian professionals never see coming, your employer’s stock is not the...
- Pay full Bengaluru property tax by May 31, 2026 and get 5% rebate as due date gets extendedBengaluru property owners can now avail a 5% rebate on property tax by paying in full by May 31, 2026, as the deadline has been extended. A...
- UAE draws up economic shield plan to counter Iran war falloutThe United Arab Emirates is preparing a contingency economic plan. This plan aims to protect the economy from disruption and boost long-ter...
- No jail for first-time traffic, pollution offences? Government proposes shift to finesThe Jan Vishwas Bill aims to decriminalize minor offenses. Jail terms for first-time road safety and pollution violations will be replaced ...
- RERA relief: Interest for delayed flats can be recovered as land revenue arrearsHomebuyers can now recover interest for delayed property possession from builders as "Arrears of Land Revenue" under RERA. This classificat...
- RERA imposes Rs 5 crore penalty on Vatika LtdThe Real Estate Regulatory Authority (RERA), Gurugram, has fined Vatika Limited Rs 5 crore for breaching Section 3 (1) of the Real Estate (...
- UP RERA imposes Rs 1.24 crore penalty on 11 developersThe builders against whom the penalty has been imposed are Supertech, Mahagun, Nivas promoters, Saare Saamag realty, Newtech promoters, Ans...
- Gujarat RERA imposes Rs 50 lakh penalty on Mumbai-based developer for non-complianceThe developer, Siddhi Vinayak Enterprise, had marketed a project Windward Business Park in Vadodara and received bookings for the same with...
- Gurugram developers may face penalty upto Rs 300 croreAs of now around 400 projects have been registered with the authority with total area of nearly one lakh acre. Around 2, 50,000 units are u...
- CCI slaps Rs 13.82 crore fine on Jaiprakash Associates LimitedThe commission fined JAL 5% of their average turnover of 276. 3 crore in the relevant market during the period of the violation.
- ‘Builder, buyer to pay same penalty for delay’NCDRC passed the order on the plea of a home buyer who had booked a flat in 2012 in “Winter Hills 77” project in Gurgaon being developed by...
- MahaRERA dismisses realtor’s ‘slowdown’ argument for delaysThe developer informed that because of economic downturn, it could not sell flats and generate funds for construction of the project locate...
- Brokers concerned about hefty penalties under RERABrokers feel they have no control over delays in handing over possession or even quality of the project and but will yet be penalised for n...
- Penalty under realty Act applies to current projects too: Homebuyer bodyFight for RERA, the homebuyer forum, made the claims amid reports that the Real Estate Act, 2016, does not penalise project completion dela...
- Karnataka realty may be hit by high agency feesThe Bangalore Realtors Association of India has expressed its reservations on the proposed rules, i.e., the registration fees and the issue...
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