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.