The Supreme Court has halted proceedings regarding Sahara firms' pleas as it reviews SEBI's request, transferring all related cases to itself.
SEBI files petition with Supreme Court to hear all cases against Sahara firms and its chief, seeking to transfer cases from other courts and prevent further entertaining of applications by the firms.
SC asks Sahara firms & Subrata Roy to reply to SEBI's contempt petition within a week, regarding non-repayment of ₹24,000 Cr to investors.
SEBI seeks Supreme Court's permission to arrest Sahara Group's Subrata Roy and two directors for non-compliance with August 31 order to refund Rs.24,000 Cr to investors.
A Delhi-based investor has petitioned the Supreme Court to direct Sahara Group to refund his investments, marking the first such individual action amidst an ongoing dispute with SEBI over repayment of dues to nearly 3 crore investors.
SEBI warns public against dealings with two Sahara Group firms due to property attachments. Movable and immovable properties of Sahara India Real Estate Corp Ltd and Sahara Housing Investment Corp Ltd, including those of three promoters, are attached. Investors cautioned against business relations.
SEBI has frozen the assets and bank accounts of Sahara group firms, affecting key real estate projects including Aamby Valley due to compliance failures with a Supreme Court order.
The Supreme Court dismissed Sahara's appeal to review the order to refund ₹25,000 Cr to investors. The court found no valid reasons to reconsider its verdict.
Sahara claims to have refunded real estate investors, citing Rs. 2,620 crore paid to SEBI and an additional Rs. 2,500 crore. Supreme Court granted more time, while SEBI's request for a specific bench was denied.
The Supreme Court granted Sahara Real Estate Firms an extension to pay their fine, directing SEBI to accept the application. The firms were initially ordered to refund money collected through debentures to investors.
The Supreme Court criticized Sahara Groups for not refunding Rs. 27,000 crore to investors and demanded repayment within a week.
SEBI files criminal charges against Sahara Group, seeking compliance with regulatory orders. Sahara Group denies accusations and claims timely submission.
The Supreme Court of India criticizes SEBI for failing to take legal action against the Sahara Group for not complying with an order to produce investment documents.
Delhi government restricts property transactions to registered deeds only, banning General Power of Attorney (GPA) sales based on a Supreme Court order.
Noida-Greater Noida Expressway to become a major hotel hub with 2,500 new rooms. Major brands like Marriott, Hyatt, and Oberoi are showing interest due to land availability and mixed-use projects.
GNIDA expects resolution of the Patwari land acquisition crisis, bringing relief to 20,000 homebuyers. The Supreme Court dismissed a petition challenging the government's settlement with farmers, allowing more time for negotiations.
Supreme Court mandates individual flat registration at current circle rates in Noida cooperative societies, impacting 15,000 owners and potentially generating INR 100 crore for the government.
Noida Extension apartment buyers face dilemma due to land dispute, seeking refund or relocation
Buyers of unconstructed houses in Noida Extension have taken to the streets to plea the Supreme Court for justice, demanding full refunds from builders.
Supreme Court's decision on Greater Noida land case sends shockwaves among buyers and developers. Future of over 6,000 buyers uncertain as projects are halted.
The Supreme Court upheld the Allahabad High Court's order nullifying Greater Noida Authority's possession of land in Shahberi Village, affecting several builders.
Sahara Group challenges SEBI's order to return investor funds with 15% interest. The case will be heard on July 4, 2011. Sahara criticizes SEBI for publicizing the order.
Vavasi Group and Chadha Group have bid to acquire Golden Forest India's land assets, potentially marking one of India's largest land transactions.
A Supreme Court ruling allowing increased Floor Space Index for old buildings in South Mumbai opens redevelopment opportunities, potentially impacting property prices and infrastructure.
India's real estate sector is facing complexities and ambiguities related to indirect tax, including VAT and service tax on works contracts. The Supreme Court's ruling in the K Raheja Development Corporation case has further complicated taxation, potentially increasing the cost burden on new flat purchasers.