The Supreme Court, on December 12, 2017, said that the National Company Law Tribunal (NCLT) should have taken its leave, before allowing the centre to take over the management of embattled realty firm Unitech … 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 20, 2017, directed embattled real estate firm Unitech Residential Resorts Ltd, to pay Rs 80,000 each as compensation to 39 home buyers, towards litigation cost and causing harassment 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 property buyer, who invests his hard-earned money in buying a home and does not get its possession on time, not only fails to get a roof over his/her head but also ends up … READ FULL STORY
Gurgaon, one of the most important industrial and financial hubs of our county has impacted the residential real estate market in a positive way. Moreover, with Delhi not being able to provide enough space … READ FULL STORY
When Housing News analysed the impact of demonetisation over the property prices, some of the critics disagreed and even took it as an endorsement of black money in real estate. Nevertheless, the theory that … READ FULL STORY
The Supreme Court, on November 18, 2016, stayed all the upcoming meetings of home buyers of Unitech Ltd, for giving their approval or disapproval to a proposed compromise scheme forwarded by the company, to … READ FULL STORY
The Supreme Court, on October 19, 2016, directed Unitech Resorts Ltd to refund Rs 15 crores to 39 home buyers in its Gurgaon project, saying a property developer must respect the contractual commitment and … READ FULL STORY
Embattled real estate firm Unitech Ltd has been directed by the Supreme Court, to deposit Rs 15 crores principal amount by September-end, to pay back investors who had bought flats in its Gurgaon project … READ FULL STORY
The Supreme Court on July 1, 2016, directed real estate major Unitech Ltd, to deposit an amount of Rs 5 crores in its registry, for failing to hand over apartments in Noida to consumers, … READ FULL STORY
Justice may have been delayed but it has not been denied, for many home buyers who have faced protracted delays in getting their dream home, after making full payment to their builders. Several recent … READ FULL STORY
