Noida’s Sports Cities, envisioned as a unique blend of urban living and world-class sports infrastructure, were launched with grand promises of nine-hole golf courses, cricket stadiums, and vast recreational spaces. A decade later, the dream remains unfulfilled, marked by incomplete projects, regulatory challenges, and legal hurdles. Recent legal developments surrounding the registry ban imposed by...

The RERA (Real Estate (Regulation and Development) Act, 2016) specifies provisions for maintaining a project-specific bank account under the "70:30 rule." This ensures accountability and financial discipline for real estate projects. Here's a summary of the relevant provisions. Under the RERA framework, the requirement for maintaining financial discipline are implemented using specific types of bank...