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December 2024
The pre-construction phase is one of the most critical stages in any construction project. It involves a complex series of tasks that must be carefully coordinated among various stakeholders, from real estate developers to contractors, architects, and municipal authorities. Legal updates from India highlight the growing importance of adhering to regulatory standards, ensuring compliance, and...
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The Pre-Construction Coordination phase is pivotal for transitioning a project from planning to execution. However, as highlighted by the recent Ozone Urbana fraud case, failure to comply with financial regulations during this phase can lead to significant legal and financial repercussions, impacting all stakeholders involved. Real estate developers must ensure that all aspects of the...
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The municipality submittal and review process is a critical pathway for real estate developers, but it comes with significant legal risks. The Enforcement Directorate (ED), as seen in cases involving Shine City Group and Vatika Limited, highlights the potential consequences of non-compliance with regulatory standards. Violations in zoning, site planning, or design can lead to...
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The development and entitlement stage of a real estate project is critical as it lays the foundation for the project’s success. During this phase, real estate developers, architects, engineers, consultants, and municipal authorities work together to ensure the project progresses smoothly, complies with regulatory standards, and remains financially viable. However, as many stakeholders have competing...
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Real estate development is a complex, multi-faceted process that involves the collaboration of numerous stakeholders, each with their own priorities, goals, and concerns. From initial site acquisition to project completion, real estate developers must carefully navigate the often-competing interests of architects, engineers, regulatory authorities, and the local community. This phase, known as the development and...
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The real estate sector in Maharashtra has recently been rocked by an important legal update — the Maharashtra RERA(Real Estate Regulatory Authority) has issued notices to over 11,000 housing projects that have lapsed due to non-compliance with RERA regulations. A key issue is developers failing to submit the Occupancy Certificate (OC) and Form 4 within...
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A recent ruling by the National Green Tribunal (NGT) emphasizes the need for real estate developers to secure environmental clearances before construction. The decision has highlighted the risks of non-compliance, which can cause delays or stoppages. For real estate developers conducting feasibility studies, factoring in such legal risks is crucial to maintaining financial viability and...
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Site selection in real estate development is a multi-faceted process that involves balancing various stakeholder interests. Real estate developers, municipal planners, architects, engineers, and environmental consultants all play crucial roles in shaping the site plan. However, tensions often arise when the developer’s vision conflicts with regulatory standards, community concerns, or financial constraints. Recent legal rulings,...
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In the context of real estate transactions, due diligence is critical to ensure that there are no legal, financial, or structural issues with the property. For both buyers and real estate developers, conducting thorough due diligence for real estate transactions is essential to avoid unexpected costs or legal challenges. This is especially important for firms...
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Real estate developers face several challenges when it comes to site selection, especially in today’s evolving regulatory landscape. As legal updates continue to influence real estate planning and development, developers, such as Sobha Realty, must balance stakeholder interests to ensure project success. While real estate property developers seek ideal sites for their projects, they must...
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