Delhi HC refuses to quash criminal case against Supertech executives

The existence of a criminal conspiracy is ordinarily a matter which is required to be inferred from the conduct of the parties and the circumstances brought on record, the HC said. Direct evidence of an agreement is seldom available, it said, adding that whether the material ultimately establishes a meeting of minds between the accused persons is a matter to be examined upon appreciation of the evidence and cannot ordinarily be conclusively determined in proceedings in the high court.

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Mumbai ITAT allows tax relief on two flats bought as one home

Mumbai's Income-Tax Appellate Tribunal has declared that two flats can be categorized as a single residential house. This pivotal decision paves the way for taxpayers to leverage deductions under Section 54F of the Income-Tax Act. By emphasizing the functional use of the properties, the tribunal ensures that those who invest in multiple residences for their families can take full advantage of this beneficial tax provision.

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M3M emerges as highest bidder for Noida land parcels at ₹1,850 crore

In a highly competitive bidding process, M3M has secured a 12.5-acre mixed-use land parcel in Sector 108 for approximately Rs 1,850 crore, significantly exceeding the reserve price of Rs 835 crore. The robust developer interest this land has generated illustrates the lucrative potential of mixed-use properties in Noida, with established players like DLF Ltd also vying for the prime location.

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SC rejects proposal of Parsvnath Developers for homebuyers, asked it to file another

The Supreme Court turned down Parsvnath Developers' request regarding flat possession and repayment. The court cautioned that a High-Powered Committee could be appointed if the builders don't offer an acceptable proposal. Additionally, a plea from the Insolvency Resolution Professional to access a frozen bank account was denied. The bench emphasized the ongoing struggles faced by homebuyers, linking them to numerous cases involving delayed possessions against the builder.

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We want to work towards predictive analysis of projects: Parneet Sachdev, Haryana RERA-Panchkula

Parneet S. Sachdev, chairman, Haryana RERA-Panchkula, said RERA 2.0 should move real estate regulation from post-facto complaint resolution to technology-led monitoring. He said artificial intelligence, real-time project data and predictive analysis can help regulators identify stress in projects much before they fail.

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Delhi CM orders immediate sealing of unauthorised fifth floors

In a bid to enhance safety, Delhi authorities have swiftly ordered the sealing of structures with unauthorized fifth floors. As part of this initiative, municipal officials are ramping up their efforts to identify vulnerable and aging buildings throughout the city. Consequently, five officials have faced suspension due to a recent tragic collapse that resulted in seven fatalities.

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Sachin Tendulkar buys 3.86-acre land parcel in Lonavala for ₹70 crore

Cricketer Sachin Tendulkar has acquired over 3.9 acres of land in Lonavala for a combined ₹70 crore through three registered transactions. The parcels, spanning 15,601.78 sq m, include an existing built-up structure. Tendulkar paid about ₹4.20 crore in stamp duty, according to registration documents accessed through Zapkey.

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