The much awaited Real Estate (Regulation and Development) Act, 2016, is a reality now. Hundreds of thousands of prospective homebuyers, and those who are stuck in under-construction projects, were eagerly waiting for the act to come into force. The act aims to bring transparency and accountability to the real estate sector, which had lost credibility...

Delhi High Court in its recent decision in Cruz City v Unitech rejected Unitech’s objections to enforcement of an arbitral award. The dispute related to the put option exercised by Cruz City obligating Unitech to cause payment of certain sums stipulated under the shareholders’ agreement, due to a delay...