Delhi HC issues notice to Brilliant Etoile on Yuvraj Singh’s pleas to appoint arbirtator.
Cricketer Yuvraj Singh’s legal battle with real estate developer Brilliant Etoile over a property deal and brand endorsement has reached the Delhi High Court. The Court issued a notice to Brilliant Etoile in response to Singh’s pleas requesting the appointment of a sole arbitrator to settle the dispute. At the
Uttar Pradesh government amends hotel building byelaws to boost tourism
In a bid to revitalize Uttar Pradesh’s tourism industry, the state government has implemented significant amendments to the Building Construction and Development Byelaws (2008). These changes aim to streamline the process of establishing hotels, particularly smaller ventures catering to budget-conscious travelers. A key revision eliminates the minimum land area requirement
National-level builder-buyer agreements for realty to be a reality soon
A glimmer of hope has emerged for homebuyers in India as the Central government recently submitted a model builder-buyer agreement to the Supreme Court for approval. This paves the way for a potential national-level standard for these agreements, offering much-needed clarity and protection to homebuyers across the country. Currently, builder-buyer
Real estate giant lands in trouble after 1,000 trees cut at closed Greater Noida factory
Real estate giant Shakuntalam Group is facing a major environmental controversy after allegedly authorizing the felling of nearly 1,000 trees on the grounds of a closed factory in Greater Noida. Environmental activist Vikrant Tongad raised the alarm after discovering the large-scale deforestation, prompting the forest department to launch a swift
628 real estate developers under MahaRERA lens for not displaying RERA registration number and QR code in advertisements
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has tightened its grip on real estate developers in the state, penalizing 628 for flouting advertising regulations. These developers failed to include the mandatory RERA registration number and QR code in their advertisements, leading to a collective fine of Rs 88.90 lakh. Notably,
Samsung renews lease for 4 lakh sq ft office space in Bengaluru at an annual rent of over ₹50 crore
In a move that solidifies Bengaluru’s position as a premier destination for tech giants, Samsung has secured a renewed lease for a sprawling 402,000-square-foot office space in the city’s Bagmane Goldstone Tower. This extended five-year commitment, effective June 4th, 2024, signifies Samsung’s long-term vision for its Bengaluru operations. The lease
3C Lotus City project homebuyers to get relief; YEIDA resolves legal case pending before NCLAT
ACE Infracity Developers Pvt Ltd took over the 3C Lotus City project in June 2023 in bidding by the NCLT, mutually reached an agreement with Yeida Relief is finally on the horizon for around 500 homebuyers in Noida. The Yamuna Expressway Industrial Development Authority (YEIDA) reached an agreement with ACE
Pune’s Lavish Abode Sells for Record-Setting ₹37 Crore
Pune witnessed a paradigm shift in luxury living with the sale of a 12,000 sq ft penthouse for a record-breaking ₹37 crore in Lodha One, Bund Garden. Pune’s luxury real estate market has shattered its previous records with the sale of a sprawling 12,000 square foot penthouse for a whopping
INH Mauritius to sell its 49% stake in JMFCS to JM Financial for about Rs 3,000 crore
In a significant restructuring move, JM Financial is set to bolster its ownership of JM Financial Credit Solutions (JMFCS) by acquiring the 49% stake held by INH Mauritius, an investment fund controlled by veteran dealmaker Nimesh Kampani. This deal, valued at approximately Rs 3,000 crore, will see JM Financial’s ownership
Cracks Emerge in India’s Urbanization Juggernaut
India’s rapid urbanization is facing a reckoning due to unplanned growth, inadequate infrastructure, and a lack of affordable housing. Experts urge a shift towards sustainable practices to create a future-proof urban landscape for its growing population. India’s urban landscape, once hailed as a growth engine, is grappling with growing pains.
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