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NCR HOMEBUYERS CASE
Chalo Delhi NCR! Adani or Sobha, India's biggest developers are heading to the national capital regionIndia's national developers are significantly boosting their presence in Delhi-NCR's housing market, capturing over 13% of new supply by 20...- Booked flat for Rs 24 lakh in 2010, paid Rs 40 lakh over time, still no possession in 2026; homebuyers awarded full refund and Rs 2.5 lakh compensation eachThe case dates back to 2010 when the two homebuyers had made bookings for 3BHK flats in a housing society project initially proposed in Noi...
- NCLT approves Mantra Properties buyout of Mulund projectThe company entered corporate insolvency resolution process (CIRP) in July 2023 on a plea by Beacon Trusteeship Ltd. It has two secured cre...
- County Group's rescue drive in Gurgaon to unlock Rs 4,000 crore potentialCounty Group has acquired two stalled housing projects in Gurgaon. This move brings relief to nearly 400 homebuyers who have been waiting f...
- Supreme Court seeks timeline for CBI probe into NCR housing projectsThe Supreme Court has issued a decisive order for the CBI to outline a clear timeline for its investigation into numerous real estate devel...
- Builders-banks nexus: SC pulls up CBI for probe, says homebuyers agony can't be prolongedThe Supreme Court has expressed strong displeasure with the CBI's investigation into the alleged collusion between banks and developers. Th...
- High number of real-estate dispute cases in Delhi, Mumbai; builders' reputation being hit: SCThe Supreme Court has raised serious concerns about the growing number of real estate disputes in Delhi-NCR and Mumbai. These cases involve...
- CBI crackdown on builders, officials of financial institutions nexus: 6 FIRs, searchesCBI conducted searches in Kolkata, Bengaluru, and Mumbai on Saturday. Six cases were registered against builders and financial officials. T...
- CBI just got more power to go after banks & builders who formed an "unholy nexus" to dupe homebuyers in several marketsFor policymakers, the outcome could reshape rules governing real estate financing. The Supreme Court’s consistent emphasis on accountabilit...
- CBI registers 22 FIRs against builders, banks in NCR housing scam probe ordered by SCOn Supreme Court's orders, the CBI has filed 22 FIRs investigating the builder-bank nexus that allegedly cheated homebuyers in the NCR regi...
- 'Fraud' against NCR homebuyers: SC nod to CBI for 22 cases in builders-banks nexusThe Supreme Court permitted the CBI to file 22 cases concerning the nexus between banks and developers. This relates to cheating homebuyers...
- Builders under scrutiny: Supreme Court puts brakes on coercive action against NCR homebuyersThe Supreme Court protected NCR homebuyers awaiting possession by halting coercive actions over EMI payments. Builders must pay EMIs under ...
- Over 1 lakh homebuyers’ disputes resolved under RERA in 5 years, reportAcross these states and union territories nearly 1 lakh projects and 71,514 agents have been registered to date under the authorities set u...
- 'Twin towers demolition unlikely to impact housing demand, prices in Noida-Greater Noida'In recent years, properties developed by builders with credible track record are in demand after a raft of instances of homebuyers facing p...
- Homebuyers in Noida-Greater Noida worst hit; 1.65 lakh units of Rs 1.18 lakh crore stalledDelhi-NCR alone accounts for a whopping 50 per cent with 2,40,610 stalled or delayed units worth Rs 1,81,410 crore. Giving further breakup ...
- 65% of home buyers in MMR upgraded to bigger properties: Report“In the pre-Covid era in MMR, the need to live closer to workplaces in areas in and around the pricier CBD areas prompted many buyers in MM...
- RERA in NCR to continue with virtual hearings post Covid-19Both Haryana and UP RERA, which cover the maximum number of ongoing real estate projects in NCR towns, have opted for virtual hearings post...
- Consumer complaints should go to RERA before NCLT, say buildersAbout 450 real estate companies/projects across the country are facing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC...
- Steps for homebuyers next week: Nirmala SitharamanProblems faced by homebuyers hurting economic growth will be addressed next week.
- Steps for homebuyers next week: Nirmala SitharamanSitharaman has said that the government will unveil a fresh set of measures by the middle of next week, aimed at resolving the problems fac...
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