Tag Archives: homebuyers
Unitech To Open Escrow Accounts To Complete Stalled Projects
The Delhi High Court has granted an opportunity to beleaguered real estate major Unitech Ltd to complete its delayed housing projects and hand over possession of flats to buyers by opening escrow accounts and using the money deposited in it solely for these projects. The order came last week after various home buyers and the
SC Favours Homebuyers, Comes Down Heavily On Parsvnath And DLF
Two of country’s biggest listed real estate developers lined up at the Supreme Court today in anticipation of a favorable order. The apex court was hearing appeals by builders against the top consumer court, the National Consumer Disputes and Redressal Commission recent verdicts favouring hundreds of distressed homebuyers.
Big Developers, Big Delays: Indiabulls Buyers Take to Streets
Several thousand buyers who had invested in Indiabulls Greens and Indiabulls park projects in Panvel have been left high and dry. Buyers claim that the developer has neither completed the project on time nor provided the promised amenities. Frustrated buyers have now taken matters into their own hands, launching a massive campaign against the company.
