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
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
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
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
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
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.
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