SC affirms Palais Royale sale to honest shelters
Real Estate

SC affirms Palais Royale sale to honest shelters

In a landmark decision, the Supreme Court has confirmed the legitimacy of the 2019 sale of Palais Royale to Honest Shelters in Pune. The ruling brings an end to a protracted legal battle surrounding the high-profile real estate transaction. The case involved intricate regulatory nuances and ownership disputes, with the apex court now providing a definitive resolution.

Palais Royale, a prominent property, faced legal challenges after its sale to Honest Shelters. The verdict establishes the legality of the transaction, offering clarity to the real estate sector and fostering confidence in property transactions.

The decision is expected to have far-reaching implications for the real estate industry, setting a precedent for resolving disputes related to property transactions and ownership. The court's ruling reinforces the importance of adhering to legal processes in real estate dealings, providing a framework for transparent and lawful transactions.

This resolution marks a significant milestone for both the parties involved and the broader real estate community, bringing closure to a contentious chapter and highlighting the importance of legal adherence in high-value property transactions.

In a landmark decision, the Supreme Court has confirmed the legitimacy of the 2019 sale of Palais Royale to Honest Shelters in Pune. The ruling brings an end to a protracted legal battle surrounding the high-profile real estate transaction. The case involved intricate regulatory nuances and ownership disputes, with the apex court now providing a definitive resolution. Palais Royale, a prominent property, faced legal challenges after its sale to Honest Shelters. The verdict establishes the legality of the transaction, offering clarity to the real estate sector and fostering confidence in property transactions. The decision is expected to have far-reaching implications for the real estate industry, setting a precedent for resolving disputes related to property transactions and ownership. The court's ruling reinforces the importance of adhering to legal processes in real estate dealings, providing a framework for transparent and lawful transactions. This resolution marks a significant milestone for both the parties involved and the broader real estate community, bringing closure to a contentious chapter and highlighting the importance of legal adherence in high-value property transactions.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?