Even A Union Minister Has To Fight It Out In Court To Get His Home On Time In NCR

PTI: The Supreme Court today directed Parsvnath developers to hand over possession of a flat in its Gurgaon project to Minister of State for Information and Broadcasting Rajyavardhan Singh Rathore in two days. A bench comprising Justice Dipak Misra and Amitava Roy said “the possession of flat shall be handed over to the respondent in

Supreme Court Orders Unitech To Refund 17 Crores To Its Customers

DELHI: In yet another example of its crackdown on developers who delay projects, the Supreme Court has ordered real-estate developer Unitech to refund money to 39 homebuyers who had invested in the company’s Gurgaon housing project. The court ordered Unitech to refund Rs 17 Crores to the homebuyers. The company had already deposited Rs 15

Exclusive: Maharashtra’s Housing Minister Talks To NDTV About State RERA

MUMBAI: The central government’s Real Estate Regulator Bill (RERA) came into force on May 1st, 2016, with a condition that the states be ready with their rules within a period of 6 months. In an exclusive chat with NDTV, the Minister of State for Housing for Maharashtra Ravindra Waikar has revealed that his state will

Protests Mount Over Bangalore’s Controversial Steel Flyover

Bangalore’s controversial steel flyover has finally got a nod from the state cabinet. Pegged to cost a whopping Rs 1,791 crore, work on this project is expected to begin soon. However, there have been very vocal protests against the project, with both urban mobility experts and citizens calling it a waste of resources. Worries rise

India’s Highest Consumer Court Brings Relief To Thousands Of Homebuyers

A 3-member bench of the National Consumer Disputes Redressal Commission (NCDRC) has ruled that all buyers of a housing project will be made party to any case filed against the real estate developer by another buyer. A move that dramatically increases the scale of lawsuits filed against errant builders while benefitting thousands of homebuyers across

Real Estate Act Rules To Be Notified In 10 Days

The Centre will notify the rules of the Real Estate Act soon, moving another step toward operationalising the legislation which seeks to regulate the housing sector, bring transparency and help protect consumer interests.

Brookfield Asset Management Signs Billion-Dollar Deal With The Hiranandani Group

Mumbai-based Hiranandani Group has signed a deal to sell its commercial assets in Powai to Canada-based Brookfield Asset Management for 1 billion dollars (Rs 6,700 Crores), making this one of the largest commercial property deals made in the country. Confirming the development, sources inside the Hiranandani group told NDTV that a confidentiality clause was in