Top court issues 12 directions to protect genuine buyers, strengthen tribunals, restore credibility in real estate market. Directions as court hears case of abuse of Insolvency & Bankruptcy Code.
Review has been planned amid growing calls for amendment of law governing RERA by current, old members to assure more powers for the body & to address homebuyers’ concerns, it is learnt.
Of 32 states & UTs with Real Estate Regulatory Authorities, at least 25 are headed by retd civil servants. SC remarked last month that RERAs are 'rehabilitation centre' for ex-officers.
Liberty without accountability is the freedom of the fool. Our concept of freedom will remain impoverished until it is deepened by liberal education, wrote Nani A Palkhivala in 1995.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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