The National Consumer Disputes Redressal Commission (NCDRC) has asked Unitech Ltd to refund Rs 29.5 lakhs to Gurugram resident Manish Daryani, for its failure to give timely possession of an allotted flat and also … READ FULL STORY
Assuring home buyers that his government was making efforts to speed up development and people would soon witness a positive change, Uttar Pradesh chief minister Yogi Adityanath, on December 23, 2017, said that around … READ FULL STORY
Depriving a person of a self-owned house amounts to serious injury to the home buyer who has booked the flat to have a shelter over his head, the apex consumer commission has said. The … 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
Real estate firm Unitech’s jailed promoter Sanjay Chandra, on September 21, 2017, failed to get interim bail from the Supreme Court, which said it has to ‘equate’ the tears of thousands of home buyers, … READ FULL STORY
A Supreme Court bench, comprising justices RF Nariman and SK Kaul, has stayed further proceedings in a defamation suit, filed by a builder in a court in Maharashtra’s Thane district against a home buyer … 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
Uttar Pradesh chief minister Yogi Adityanath, at a meeting with developers and top administrators from Noida and Greater Noida Authority, has asked builders to hand over 50,000 flats in the next three months, after … 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
While dismissing the bail plea of one of the arrested directors of real estate firm AMR Infrastructure Limited, a special court said that “Any builder/developer who dupes by inducing, alluring, painting false pictures, selling … 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
In a builder-buyer meeting called by the Noida Development Authority, to understand the issues and facilitate early completion and registration of flats, the authority, on June 19, 2017, asked Today Homes and Infrastructure Pvt … READ FULL STORY
