Close to 1,700 homebuyers who had purchased units from the saleable component of Patra Chawl Goregoan, staged a protest on September 14, 2022 demanding immediate possession of their flats that are ready for more … READ FULL STORY
Although every mistake cannot be justified, real estate brokers are expected to play the devil’s advocate, more often than not, says Ranjan Vatsala, a property agent. “After all, we have to sell a house … READ FULL STORY
The largest bank of the country, State Bank of India (SBI) has announced a scheme to provide relief to its customers, in the form of a guarantee for the timely completion of the project … READ FULL STORY
The National Consumer Disputes Redressal Commission (NCDRC) has directed a real estate builder to refund, within four weeks, Rs 3.4 crores received from four home buyers, along with compensation, saying that they cannot be … READ FULL STORY
With just a few days left for the Maharashtra assembly elections, some civil society groups in the state have come out with a document titled ‘Maharashtra Urban Citizen’s Manifesto 2019’, which seeks the creation … READ FULL STORY
The National Consumer Disputes Redressal Commission (NCDRC) has asked Unitech Limited to pay, within six weeks, an amount of Rs 58,41,623 along with a compensation of simple interest at the rate of 10 per … READ FULL STORY
The real estate market in Noida and Greater Noida, has received a lot of negative publicity over the past few years, with several prominent developers being unable to complete their projects in this region … READ FULL STORY
Do not play smart, or we will render you homeless. This was the Supreme Court’s categorical warning to real estate major Amrapali Group, which is accused of delaying its projects to the detriment of … READ FULL STORY
A Supreme Court bench of justices Arun Mishra and UU Lalit, on August 1, 2018, directed the Amrapali Group of companies to place before it, details of all its bank accounts from 2008 till … READ FULL STORY
The centre does not maintain information about various housing projects of any state or union territory and their completion status but the state governments are required to maintain a website, with relevant details for … READ FULL STORY
Project delays are one of the most alarming issues, historically dogging the Indian real estate sector. The dearth of effective planning and execution of construction activities, escalating construction costs, approval delays, diversion of allocated … READ FULL STORY
The Supreme Court, on May 10, 2018, found that the embattled real estate firm Amrapali Group, in its affidavit filed before it, had said that Rs 2,766 crores were diverted to two other companies. … READ FULL STORY
The Supreme Court, on March 15, 2018, directed that a meeting of the representatives of Amrapali Group and its home buyers be held at the Supreme Court’s consultation room, on March 17, 2018. A … READ FULL STORY
