The Supreme Court on Monday agreed to hear NBCC’s plea challenging NCLAT’s refusal to exempt it from RERA provisions while completing 16 stalled Supertech housing projects. The projects comprise nearly 50,000 homes across four states, with thousands of homebuyers awaiting possession
The Supreme Court agreed to hear a plea seeking a scheme to ensure equal financial loss for builders and lenders if flats under subvention plans are not delivered. The petition also seeks debt relief for homebuyers stuck in stalled projects
Congress MLAs in Telangana Assembly voiced strong concerns over delays in housing projects and procurement restrictions affecting farmers. Speaker G Prasad Kumar and several legislators highlighted incomplete double-bedroom and Indiramma houses, pending bills, and lack of amenities.
