Cops took into custody the three Amrapali directors within the court premises.
While 39 percent prefer to invest in housing priced below ₹40 lakh, 68 percent seek property for end-use; 52 percent favour compact 2BHKs
Real estate experts also cautioned that while the central bank’s decision to keep the repo rates unchanged could prove to be favourable for the real estate sector in the short-term, it could be a worrisome development from a macro-economic long term prospective.
NCLT says both the release of funds and the clarification of voting arrangement matters need to be considered in detail and asks members of the COC to file their response. The next date of hearing is fixed for October 16
An adjudicating officer and a reconciliation officer to be appointed soon to handle compensation and resolve issues amicably out of court
In a letter to the IBBI chief, homebuyers demand that the IRP display the entire list of 30,000 homebuyers and an investigating agency look into details of funds flow.
Speaking at the real estate conference organised by CII and CBRE in the capital on August 29, Puri said that the Centre was committed towards regulating the real estate sector and protecting the interests of homebuyers.
Homebuyers need to select a candidate in an online vote who would represent them in the Committee of Creditors meeting. The last date for voting is August 28, the CoC meeting could be held in mid-September.
It was in the 1970s and 1980s that private sector real estate developers first made their presence felt. After the turn of the millennium, realty options include not just residential and commercial, but also retail and warehousing
Interests of the homebuyers seem to have travelled from being ‘orphaned’ to a ‘secured child’. The struggle continues to become the ‘preferred child’
Embattled firm directed to file a detailed proposal on how it plans to raise Rs 5112 crore to ensure there are enough funds for NBCC to complete the delayed housing projects
Raps NBCC for offering to complete Amrapali’s projects when it had already given the go ahead to three co-developers to finish the stalled projects
Property prices in secondary market reduced by as much as 5-10% over primary market
Next date of hearing fixed for August 21
Homebuyers should ensure construction quality and legality of the building before signing on the dotted line.
Homebuyers write to president and PM; meet Congress chief to apprise him of the matter
NBCC to look into viability of the proposal before deciding to take over as a project management consultant (PMC)
Homebuyers want a new promoter to be inducted for the resolution of JIL. Seek for extension of the insolvency resolution period by 45 to 60 days for induction of a new promoter.
Requests SC to direct NCLT Allahabad for a stay of liquidation proceedings; hearing to continue on July 17
Matter to come up for discussion again at high-powered committee meeting on July 10
The Noida-based company was earlier in talks with Rana Kapoor-promoted Yes Bank as well but finally managed to get the loan commitment from Deutsche only.
Next date of hearing fixed for July 16
Welcome right to name representative to decide stressed company’s fate
The next date of hearing has been fixed for July 13
Considering the subdued residential market scenario in the country, in almost all cases, developers have absorbed any upward cost pressure because of GST, which augurs well for the consumers