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Bombay HC: Macrotech Developers Not Responsible for Delay, Rebate Still Valid
Real Estate

Bombay HC: Macrotech Developers Not Responsible for Delay, Rebate Still Valid

In a significant ruling, the Bombay High Court (HC) has absolved Macrotech Developers of any culpability for project delays, affirming the continued validity of a rebate. This decision comes as a relief to the real estate developer, known for its prominent projects, as it reaffirms their commitment to project timelines. The case revolved around a delay in the completion of a real estate project, and whether Macrotech Developers were responsible for it. The HC's verdict unequivocally states that the delay was not caused by the developer. This ruling is expected to have far-reaching implications on similar cases within the Indian real estate sector, as it underlines the importance of accurately attributing responsibility for project delays. With the rebate now confirmed, this outcome carries both financial and reputational significance for Macrotech Developers. The company can continue to offer the agreed-upon incentive to homebuyers, enhancing trust and credibility in the market. This decision reiterates the crucial role of the judiciary in resolving disputes within the real estate industry, promoting transparency, and upholding contractual obligations.

In a significant ruling, the Bombay High Court (HC) has absolved Macrotech Developers of any culpability for project delays, affirming the continued validity of a rebate. This decision comes as a relief to the real estate developer, known for its prominent projects, as it reaffirms their commitment to project timelines. The case revolved around a delay in the completion of a real estate project, and whether Macrotech Developers were responsible for it. The HC's verdict unequivocally states that the delay was not caused by the developer. This ruling is expected to have far-reaching implications on similar cases within the Indian real estate sector, as it underlines the importance of accurately attributing responsibility for project delays. With the rebate now confirmed, this outcome carries both financial and reputational significance for Macrotech Developers. The company can continue to offer the agreed-upon incentive to homebuyers, enhancing trust and credibility in the market. This decision reiterates the crucial role of the judiciary in resolving disputes within the real estate industry, promoting transparency, and upholding contractual obligations.

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MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

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Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

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Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

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