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 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
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
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
A Supreme Court bench, comprising chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on October 23, 2017, asked jailed Unitech Ltd’s managing director Sanjay Chandra, to establish his bonafide by depositing … READ FULL STORY
The Supreme Court, on September 13, 2017, expressed anguish over the ‘tears’ of home buyers, saying that they cannot be ‘taken for a ride’ by the builders, as it directed the Jaypee Group to … READ FULL STORY
While refusing to grant interim bail to jailed Unitech promoters, Sanjay Chandra and Ajay Chandra till September 15, 2017, in a case of alleged forgery lodged by home buyers of its Gurugram-based housing project, … READ FULL STORY
To deal with the problem of stalled projects in Delhi-NCR, CREDAI-NCR president Pankaj Bajaj, on August 31, 2017, said that the association’s members could become co-developers in such projects, provided that they have legal … READ FULL STORY
A special court, on August 21, 2017, said that keeping in view the gravity of the offence, in the alleged case of duping of 200 investors of crores of rupees, against the directors of … READ FULL STORY
A Supreme Court bench headed by justice Dipak Misra, on March 27, 2017, asked the directors of real estate major Unitech Ltd, including its managing director, to appear before the court on May 5, … READ FULL STORY
