Recently, vide its order, Hon’ble Assam Real Estate Appellate Tribunal at Guwahati has held that since the Appellant did not obtain an occupancy certificate on the date of commencement of the Real E...
The Reserve Bank of India vide its circular dated April 19, 2022, issued detailed guidelines regarding regulatory restrictions on lending in respect of NBFCs which has come into effect from October 01, 2022. This circular inter alia provides that while approving loans and advances involving real estate sector, NBFCs are required to ensure that the borrowers have obtained prior permissions from government and other statutory authorities for their projects. INDUSLAW’s Avikshit Moral, Preeti Dhar and Nikita Bhosle examine this circular and its implications on lending by NBFCs in real estate sector.
