Marketed as a 1,600-unit township in Gurugram's Sector 61, M3M allegedly bifurcated its Smart World project into 'Green' and 'Avenue' after securing payments.
Over 6,000 homebuyers put their life savings in HDIL projects, but their dream of owning a house in India’s financial capital remains elusive as the firm went into insolvency.
Acting on SC’s acceptance of status report for 6 preliminary enquiries based on petitions filed by homebuyers, CBI registered 22 FIRs Monday against developers, their promoters.
SC may use powers under Article 142 to examine claim after Suraksha & Lakshdeep — companies that took over JIL's assets & liabilities — said Rs 33,000 cr debt would delay flat delivery.
Higher floor area ratio will allow National Buildings Construction Corporation to construct more flats in the five projects that have unused land and sell them to pay off Amrapali's pending dues.
Central bank has issued new rules regarding quick release of loan-related asset documents, which are expected to benefit borrowers, especially homeowners.
14-member panel led by ex-NITI Aayog CEO Amitabh Kant has also suggested measures, including a ‘model package’ for Noida & Greater Noida, to expedite completion of stalled housing projects.
The Greater Noida Industrial Development Authority (GNIDA) office resembles a dharna site, with different groups demanding their due. They are vesting hopes in new CEO Ravi Kumar NG.
Four broader factors will shape the trajectory of India-Israel relationship. Failure to anticipate these possible unintended consequences now may complicate its future direction.
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