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Showing 1 to 6 of 6 Results
Money laundering probe against real estate promoters follows alleged diversion of homebuyer funds and seizure of assets.
Enforcement action under the Prevention of Money Laundering Act proceeded against promoters and directors of a real estate group following allegations of large-scale fraud involving funds collected from homebuyers and investors on promises of assured returns and timely project delivery. The investigation was stated to arise from multiple FIRs and a criminal complaint under the Companies Act. Searches at linked premises resulted in seizure of cash, jewellery, and property documents relating to numerous properties. (AI Summary)
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Real Estate Regulation: reconsider RERA's role after finding it aids defaulting builders and fails homebuyer protection.
The Supreme Court questioned RERA's current institutional form, observing that the authority appears to benefit defaulting builders rather than protect homebuyers, and urged States to reassess who gains from RERA's functioning and revisit the original purpose of the Real Estate (Regulation and Development) Act, 2016 to ensure transparency, timely project delivery, and effective buyer protection. (AI Summary)
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Registration is not ownership: buyers must verify title, possession and approvals or risk invalid transactions and eviction.
The ruling stresses that registration is not ownership: a registered sale deed provides only prima facie evidence and does not establish lawful title absent proof of the transferor's right to sell, full payment, actual possession, and custody of original title documents; transactions may be set aside for fraud, incapacity, defective title, or lack of approvals. (AI Summary)
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Anti-encroachment campaign enforces demolition of illegal market structures and removal of unauthorised water connections to restore public space.
Municipal anti-encroachment campaign demolished unauthorised shop extensions and a run-down building in a crowded market with police support after repeated warnings, and removed multiple illegal water connections breaching a main pipeline, with officials stating the clearance operation is ongoing under civic administration direction. (AI Summary)
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Delay in possession ruled: prolonged developer delay not excused by force majeure, compensation and interest awarded to homebuyer.
HRERA ordered the developer to pay Rs. 65 lakh as compensation for over nine years' delay in flat possession, rejecting the developer's pandemic, EIA committee death, and water supply arguments as inadequate to constitute force majeure. The authority emphasised developer accountability, upheld entitlement to interest on delayed possession based on the amount paid by the homebuyer, and indicated that auto extension clauses and internal or infrastructural issues do not ordinarily excuse prolonged non delivery. (AI Summary)
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Protection of uncultivable hills: construction prohibited under preservation law, notices issued but enforcement remains pending.
Construction has resumed in Raisina hills despite its classification as gair mumkin pahar, where the Punjab Land Preservation Act and a Union environment notification prohibit tree cutting and construction; show-cause and demolition notices were issued but demolition action has not been taken, while pollution control authorities say notices were served and an NGT-linked District Level Committee was formed for removal and forest restoration. (AI Summary)
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