National Company Law Appellate Tribunal ruled that insolvency proceedings by homebuyers must be limited to the defaulting project only, not entire realty firms. The tribunal stressed protecting other projects and stakeholders while confining claims and CIRP strictly to the concerned project
Advocate Rajiv Jain, the amicus curiae, called Supertech the “main culprit” in defrauding homebuyers whereas Corporation Bank advanced more than Rs 2,700 crore to builders through subvention schemes
The Authority directed the developer to refund payments to buyers and prohibited it from entering into any further development agreements. It also instructed that the developer's details, along with photographs of the promoters, be posted on the TGRERA website under the list of defaulters.
Out of a total of 110 projects launched in the city between H2 2017 and the entire year of 2018, a total of 81 have been successfully completed, according to the latest data from Anarock Research.
The rising EMI to income ratios across Indian cities have been partly attributed to higher home loan rates, impacting affordability for potential homeowners.
As the Supertech twin towers in Noida were razed to dust on Sunday, homebuyers who have invested in the developer's other projects across the NCR wondered "who actually got punished"
In Hyderabad, the rentals have gone up by 5 per cent to 10 per cent as offices are bidding bye to the work from home mode and many people are returns to the city.
Hyderabad: When Telangana was formed there was a lot of clamour around real estate and sceptics opined that the housing segment in Hyderabad would take a beating. However, the city over the years has seen a rebound in real estate. Whether it is new launches or housing sales, both have witnessed a big turnaround since […]
Hyderabad: Women are emerging in greater numbers as key home purchase decision-makers and over the years, an increasing number of Indian women have been making independent and individual investments in the real estate market. A new survey by Anarock shows that 64 per cent of women respondents are looking at real estate as the preferred […]
