SEARCHED FOR:STALLED PROJECTS
Noida: Jaypee Wish Town buyers left in lurch as construction gets stalled
This, despite the National Company Law Appellate Tribunal (NCLAT) giving conditional approval to the state-owned NBCC to complete the pending 20,000 Wish Town flats in April.
Issue Rs 625 crore from SWAMIH fund for six Amrapali projects: SC
After hearing the parties, the apex court directed that the SBI Caps will i...
Willing to fund stalled Amrapali Group projects: SBI Cap
According to the counsel, the receiver informed the court that UCO Bank is also inte...
SC asks banks to disburse stalled loans to Amrapali Group homebuyers, restructure amounts
Earlier, RBI had informed the court that its instructions do not come in the way of releasing home buyers' loans whose accounts are Non-Performing Assets (NPA) and it was for the banks and other financial institutions to release the loan.
Over 40,000 Amrapali homebuyers to start paying remaining amount from August
In the latest order dated July 10, SC had directed all the homebuyers to make the payment in accordance with the fund flow requirement of the NBCC. The new payment schedule has come in the wake of protest by homebuyers.
Chinese lobbies stalling development projects in the North East in Centre's crosshairs
The issue was pointed out recently by Nagaland governor RN Ravi. "China had been influencing popular opinion on progressive policy of the (Indian) government in the region. The Red Dragon, playing smartly, has been operating through pressure groups here and delaying the developmental projects," Ravi, also a former deputy national security adviser, had said while speaking on the 'Role of China in North Eastern Insurgency'.
Developers offering property-swap scheme to homebuyers stuck in stalled projects
“We will accept customers from any stuck project and give him a flat at any of our under-construction or ready-to-move projects. Once we receive a request, we will contact other buyers of the same (stalled) project and that way we will get more customers without spending on marketing and brokerage,” said Yash Miglani, the managing director of Noida-based Migsun group.
Homebuyers in 25 stalled projects move MahaRERA
“The move will benefit stressed project where the developer had not been able to complete the project due to paucity of funds or any other reason for long period of time,” a MahaRERA official said. Experts from the real estate sector said while it was a good move.
Consider infusing Rs 500 crore in Amrapali projects: SC to government
The receiver urged the top court to direct the home buyers to deposit their outstanding installments as per the cash flow mentioned in the project brief within three months from the date of publication on the receiver's blog/website.
Jaypee home buyers want to be in monitoring committee
Meanwhile, a homebuyers’ association has appealed to the NCLAT to be made a party in the interim monitoring committee that will look into the day-to-day affairs of the builder company.
RERA disposes of 48,556 complaints in three years; 57% resolved in last one year
Uttar Pradesh takes the lead with as many as 18,509 cases disposed of by the UP RERA authorities so far, against a mere 5,989 cases a year ago. Haryana is at a distant second with nearly 9,919 cases disposed of currently as against 3,123 cases in the corresponding period of 2019.
Amrapali homebuyers can pay outstanding dues in terms of NBCC’s payment schedule
Homebuyers of at least five projects, where only 10% work was completed, were demanding clarification on the Supreme Court’s order of last year where the apex court had said that homebuyers need to deposit the money in three months.
Wall St week ahead: Fed meeting in focus as stocks wobble and coronavirus bill stalls
The Fed slashed rates to near zero in March as stocks plunged on fears of the economic impact from the coronavirus, and has rolled out lending programs to support businesses and households.
Relief for UP builders, home buyers; no penal interest if litigation stalls projects
The builders will be exempted from shelling out the penal interest and other dues if the housing project is stalled due to litigation, National Green Tribunal directions or a delayed deed execution.
India's buildings sector to expand by 6.6% next year driven by fiscal support, govt policies: Fitch
Long-term growth, on the other hand, will mainly be driven by country's massive population, which requires continued investments into residential building construction sector.