China’s Evergrande is the talk of the town in the global real estate environment today. It is the story of a debt-ridden real estate company that is financially overleveraged, has gone beyond execution capabilities, … READ FULL STORY
Looking back, 2019 may not have been the best year for the real estate sector. However, with several changes introduced during the year, from reduction in taxes to the announcement of a Rs 25,000-crore … READ FULL STORY
A decision to allow a ‘zero period’ benefit to builders, has been taken at a meeting of the Uttar Pradesh cabinet chaired by chief minister Yogi Adityanath, on December 3, 2019. Under the benefit, … 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
Additional solicitor general Madhvi Diwan, on July 11, 2019, informed the Supreme Court that the centre was working on a uniform proposal, to address various grievances of aggrieved home buyers and it would be … READ FULL STORY
Crisis-hit Jaypee Group will have to clear dues of Rs 108 crores by the end of 2018, or otherwise, it may lose the land allotted for its Formula One Buddh International Circuit and Jaypee … READ FULL STORY
A day after it rapped the Amrapali Group, for failing to comply with its order, a Supreme Court bench of justices Arun Mishra and UU Lalit, on August 2, 2018, asked the National Buildings … READ FULL STORY
Realty firm Jaiprakash Associates Limited (JAL), on May 11, 2018, told the Supreme Court that it has deposited Rs 750 crores with the apex court registry, for refunding money to home buyers and sought … READ FULL STORY
The Supreme Court, on November 22, 2017, directed 13 directors, including five promoters of the embattled Jaiprakash Associates Limited (JAL), not to alienate their personal properties and asked the firm to deposit Rs 150 … READ FULL STORY
A Supreme Court bench, headed by chief justice Dipak Misra, on November 6, 2017, refused to allow Jaypee Associates to deposit to Rs 400 crores, saying that the amount was a paltry sum and … READ FULL STORY
Jaypee Associates, on October 13, 2017, has told the Supreme Court that it has an offer worth Rs 2,500 crores for its Yamuna Expressway project and sought permission to give the project to another … READ FULL STORY
The Supreme Court, on September 18, 2017, asked around 400 home buyers of embattled Jaypee Group, to intervene in the main matter in which several buyers have moved the court, seeking relief in the … 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
