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  • 274 homebuyers of Jaypee Greens Kalypso Court to get flats after a decade Aug 05, 2022 05:14 PM IST

    274 homebuyers of Jaypee Greens Kalypso Court to get flats after a decade

    The project having eight towers was launched around 2010 and was registered with UP RERA in 2017.

  • Seventeen years after launch, buyers await possession of apartments in Mumbai's Mulund  Aug 04, 2022 06:42 PM IST

    Seventeen years after launch, buyers await possession of apartments in Mumbai's Mulund 

    The project, being developed by the Runwal Group, ran into delays after a legal dispute on the status of the land on which it was being constructed

  • Ozone Urbana: 6 years on, this Bengaluru township is yet to touch the sky Aug 04, 2022 05:07 PM IST

    Ozone Urbana: 6 years on, this Bengaluru township is yet to touch the sky

    Launched in 2014, the Pavilion apartment block in this township was scheduled to be completed by 2016. After the builder failed to complete the project, the buyers filed cases with KRERA. While cases continue piling up, buyers feel financially strangled and mentally stressed

  • Today Homes Ridge Residency: Litigations dragging case with homebuyers awaiting justice; all eyes on Supreme Court, NCLT Aug 04, 2022 05:01 PM IST

    Today Homes Ridge Residency: Litigations dragging case with homebuyers awaiting justice; all eyes on Supreme Court, NCLT

    The approximately 13-acre project was to be completed by 2013-14 but almost a decade later, investors are stranded.

  • Earth Infrastructure fraud: Buyers fume as Copia, Techone and Sapphire Court residential projects remain stuck Aug 04, 2022 04:57 PM IST

    Earth Infrastructure fraud: Buyers fume as Copia, Techone and Sapphire Court residential projects remain stuck

    Although a resolution plan was cleared a year ago, there has been little movement. The three projects were launched between 2010 and 2012 but not a single unit has been delivered till date.

  • Ajnara Ambrosia homebuyers say delay in handover has wrecked their life plans Aug 04, 2022 04:55 PM IST

    Ajnara Ambrosia homebuyers say delay in handover has wrecked their life plans

    While the project was formally launched in 2014, the date of delivery differed from agreement to agreement. Eight years later buyers are yet to get possession of their homes. Construction has come to a complete halt.

  • Mantri Serenity homebuyers file complaint on land-share discrepancies Aug 04, 2022 04:54 PM IST

    Mantri Serenity homebuyers file complaint on land-share discrepancies

    Advocates say the problem of builders not giving homebuyers their due share of land rights can become a bigger issue in Karnataka’s real estate sector unless it is addressed immediately.

  • Idea Builders-Manju J Homes Red Apple Projects: A tale of deceit and an alleged builder-bank nexus Aug 04, 2022 04:52 PM IST

    Idea Builders-Manju J Homes Red Apple Projects: A tale of deceit and an alleged builder-bank nexus

    While the case is similar to others in Noida and Greater Noida, what differentiates it is the allegation by some buyers of collusion between the builder and bank officials, something highlighted by the Debt Recovery Tribunal as well.

  • There’s light at the end of the tunnel for over 4,000 buyers of the Lotus Panache project in Noida who have waited for their homes for almost a decade Aug 04, 2022 04:45 PM IST

    There’s light at the end of the tunnel for over 4,000 buyers of the Lotus Panache project in Noida who have waited for their homes for almost a decade

    The project spread over 30 acres was launched on May 11, 2010. Initially, there were 30 towers and later one more was added, becoming another point of contention between the buyers and the developer.

  • Tashee Capital Gateway: The Gurugram development with closed doors Aug 04, 2022 04:32 PM IST

    Tashee Capital Gateway: The Gurugram development with closed doors

    When Tashee Capital Gateway was launched in 2010, civilians and military personnel alike bought homes in the project on which the developer abruptly stopped construction in 2016, without specifying a reason. Their story is a cautionary tale for homebuyers.

  • Homebuyers wait anxiously as construction of Thane residential project drags on Aug 04, 2022 04:26 PM IST

    Homebuyers wait anxiously as construction of Thane residential project drags on

    Across Indian cities, buyers have been waiting for years for what they hoped would be their dream homes after investing their life savings and borrowing from banks. Moneycontrol chronicles the plight of homebuyers in one stalled project in Thane.

  • Earth Towne: Some died waiting, others chasing an elusive ray of hope Aug 04, 2022 04:23 PM IST

    Earth Towne: Some died waiting, others chasing an elusive ray of hope

    Launched in 2010 by Earth Infrastructure, the Earth Towne project promised to give buyers their homes within three years.

  • State of Real Estate: Abandoned construction sites, undelivered homes, shattered dreams Aug 04, 2022 04:10 PM IST

    State of Real Estate: Abandoned construction sites, undelivered homes, shattered dreams

    Developers of delayed projects, on the other hand, claim they face a cash crunch, which led them to halt projects. However, experts say the cash crunch is primarily due to financial indiscipline and diversion of funds in the era before enactment of RERA

  • MC Explains: Do Karnataka homebuyers really own the land their apartment is built on? Jul 26, 2022 02:41 PM IST

    MC Explains: Do Karnataka homebuyers really own the land their apartment is built on?

    Real estate experts say homebuyers are misinformed that once a property is registered under the Karnataka Apartment Ownership Act through a deed of declaration, the property in its entirety stands transferred.

  • Ansal submits Rs 5.42 crore bank guarantees with DHBVN; 700 residents of Esencia, Versalia may get power connections Jul 25, 2022 04:25 PM IST

    Ansal submits Rs 5.42 crore bank guarantees with DHBVN; 700 residents of Esencia, Versalia may get power connections

    The buyers could not move to their new homes after DHBVN refused to issue new power connections to them 10 months ago, citing the lack of sufficient infrastructure including a substation and transformers that were supposed to be provided by the developer.

  • Haryana real estate regulator asks 17 builders to refund Rs 50 crore to homebuyers Jul 21, 2022 08:43 PM IST

    Haryana real estate regulator asks 17 builders to refund Rs 50 crore to homebuyers

    The Haryana Real Estate Regulatory Authority has issued multiple orders pertaining to 17 builders directing them to refund homebuyers' money along with interest at the rate of 9.70 percent within 90 days.

  • DTCP withdraws order blacklisting Mahira Buildtech, Czar Buildwell after flats worth Rs 46 crore offered as mortgage guarantee Jul 21, 2022 07:33 PM IST

    DTCP withdraws order blacklisting Mahira Buildtech, Czar Buildwell after flats worth Rs 46 crore offered as mortgage guarantee

    Mahira Group has submitted the mortgage deed and the same has been registered with the Gurugram sub-registrar, the order stated

  • 127 Karnataka homebuyers lodge FIR against real estate developer Ozone Group, level criminal charges Jul 20, 2022 09:35 PM IST

    127 Karnataka homebuyers lodge FIR against real estate developer Ozone Group, level criminal charges

    Homebuyers who have paid almost Rs 80 crore to the builder claim the latter cheated them by marketing the apartments through various Ponzi schemes.

  • CBRI to advise on structural audit of buildings close to Supertech Twin Towers, says Noida Authority Jul 19, 2022 09:27 PM IST

    CBRI to advise on structural audit of buildings close to Supertech Twin Towers, says Noida Authority

    The Edifice Engineering, which has been trusted with the demolition work, informed the authority that demolition will take place at 2.30 pm on August 21.

  • Amrapali case: SC says priority is to ensure homebuyers get their flats, claims first Jul 18, 2022 09:34 PM IST

    Amrapali case: SC says priority is to ensure homebuyers get their flats, claims first

    The top court tells authorities and electricity department that they ‘have to be in a queue’

  • ASPIRE to hand over close to 7,000 housing units to Amrapali homebuyers by Diwali: Sources Jul 15, 2022 09:30 PM IST

    ASPIRE to hand over close to 7,000 housing units to Amrapali homebuyers by Diwali: Sources

    The Supreme Court had, in 2019, asked NBCC to complete and deliver 38,159 flats of the erstwhile Amrapali Group after homebuyers sought its intervention, complaining about years of delay in handing over their homes. The court-appointed committee and ASPIRE are trying to help deserving homebuyers

  • Amrapali case | Supreme Court puts proposal for creation of Sinking cum Reserve Fund on hold Jul 12, 2022 10:28 PM IST

    Amrapali case | Supreme Court puts proposal for creation of Sinking cum Reserve Fund on hold

    A bench of Justices UU Lalit and Bela M Trivedi took note of the 'serious objections' raised by homebuyers’ counsels to the creation of such reserve cum sinking fund and that the creation of a reserve fund or sinking fund would put an additional burden on the buyers.

  • 60% homebuyers say they face challenges while acquiring property: Survey Jul 12, 2022 01:29 PM IST

    60% homebuyers say they face challenges while acquiring property: Survey

    Around 65 percent of first-time homebuyers undergo higher mental stress versus 35 percent of second-time homebuyers. Noida homebuyers (92 percent) were the most stressed and Hyderabad buyers (48 percent) reported the least mental health issues

  • Mahira homebuyers in Gurugram demand delivery of flats before Diwali Jul 11, 2022 07:41 PM IST

    Mahira homebuyers in Gurugram demand delivery of flats before Diwali

    The project was stalled after the developer’s licence was cancelled for allegedly submitting forged documents, leaving buyers stranded.

  • Gurugram STP writes to DTCP requesting change in payment plan for Mahira Group Jul 05, 2022 06:12 PM IST

    Gurugram STP writes to DTCP requesting change in payment plan for Mahira Group

    On May 17, 2022, the Department of Town and Country Planning had blacklisted Mahira Buildtech and Czar Buildwell, accusing them of submitting fabricated bank guarantees and forged signatures of bank officials.

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