Delhi, the capital city of India, continues to attract economic wealth and migrant population and this has a positive effect on its real estate market. Santhosh Kumar, vice-chairman, ANAROCK Property Consultants, points out that … READ FULL STORY
The empowered committee, set up by the Housing and Urban Affairs Ministry, will reach out to home buyers to resolve their problems ‘at the earliest’, Union minister Hardeep Singh Puri said, on July 1, … 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 May 10, 2018, directed that if the Eastern Peripheral Expressway is not inaugurated on or before May 31, 2018, it should be thrown open to the public who were facing … READ FULL STORY
A Supreme Court bench of justices Arun Mishra and UU Lalit, on May 2, 2018, asked realty firm Amrapali Group to deploy as many experts or engineers as required, to ramp up the facilities … READ FULL STORY
The Supreme Court, on April 25, 2018, asked Noida-based Galaxy Group, which is willing to complete three projects of the Amrapali Group, to furnish its financial standing, its track record and an undertaking for … READ FULL STORY
The centre, on April 18, 2018, informed the Supreme Court that work on the Eastern Peripheral Expressway, which envisages signal-free connectivity between Ghaziabad, Faridabad, Gautam Budh Nagar (Greater Noida) and Palwal, has been completed. … READ FULL STORY
In a bid to ascertain whether there was any ‘siphoning’ of funds, the Supreme Court, on April 11, 2018, asked real estate major Amrapali Group, to provide details of the money it had collected … READ FULL STORY
The shortage of affordable housing in Delhi, should be viewed within the wider context of an overall housing shortage in the country. Housing supply in urban areas has not kept pace with the additional … READ FULL STORY
With many cases where real estate developers have handed over apartments to buyers without registering the flats, particularly in cities like Noida, Greater Noida and Ghaziabad that are part of the National Capital Region, … READ FULL STORY
In real estate lexicon, market drivers are developments in an area that increase the value of living there. It is a well-established fact that infrastructure is by far, the most important driver for real … READ FULL STORY
Real estate firm Amrapali Group, which is facing insolvency proceedings initiated by the creditor bank for not repaying its loan, has claimed that many firms have expressed interest in taking over and completing its … READ FULL STORY
