Flat Buyers Cheated

A 38-year-old man, accused of allegedly inducing home buyers on the pretext of providing flats in the proposed projects under the guise of a purported DDA-approved land pooling policy, was arrested by the Economic Offences Wing of Delhi Police.

More than 75 home-buyers were allegedly duped of Rs 15 crore by a real estate firm on the assurance of providing flats, police said.

The Economic Offences Wing (EOW) of Mumbai police arrested a 59-year-old builder for allegedly duping 30 flat buyers of over Rs 12 crore by not giving them possession of flats booked by them, an official said on Saturday.

A Delhi court on Wednesday issued bailable warrants against retired cricketer Gautam Gambhir for not appearing before it despite repeated summons in a case related to alleged cheating of flat buyers in a real estate project.

To help refund thousands of investors who paid for flats that are still not built, Jaypee Associates, the parent of real estate firm Jaypee Infratech, has offered to deposit 400 crores every month starting January, it told the Supreme Court today. Judges have ordered the firm to arrange 2,000 crores before the next hearing on November 13.

The apex consumer commission on Tuesday slapped a penalty of 12 per cent per annum on real estate major DLF Ltd to be given to 50 buyers for delaying giving possession of their flats in its Panchkula project in Haryana, saying it amounted to "cheating".

The Economic Offences Wing today said close to 20,000 prospective buyers seem to have registered in Maple Group's controversial project which promised one-bedroom flats for Rs 5 lakh, a day after a case of cheating was registered against senior executives of the firm.

The Nifty is likely to open flat on Monday as domestic stock markets open after a four-day break. Asian shares rose and the dollar dropped, after a dismal US jobs report raised hopes about a delayed interest rate hike in the US. Both foreign and domestic investors turned net buyers of Indian equities on Wednesday; foreign investors bought shares wo...

The Nifty is likely to open flat on Friday as indicated by futures trade on Singapore Stock Exchange. Foreign investors who were net buyers of Indian equities for last few sessions sold stocks worth Rs 521 crore in cash market yesterday. However, domestic investors were net buyers to the tune of Rs 687 crore. Trading volumes spurred yesterday; cash...

The Nifty opened flat on Tuesday. However, sentiment is likely to be positive as both foreign and domestic investors turned net buyers of Indian equities on Monday. Foreign investors bought shares worth Rs 417 crore while, domestic investors were net buyers to the tune of Rs 404 crore in cash market. Trading volume declined on Monday; cash segment ...

The Nifty opened flat on Thursday tracking weak global markets. However, sentiment is likely to be positive as foreign investors continued to be net buyers of Indian equities. On Wednesday, they have bought shares worth Rs 2,786 crore. Trading volume also increased, with cash segment volume rising 30 per cent to Rs 33,152 crore. In the derivatives ...

The Nifty opened flat on Tuesday. Domestic markets are likely to be supported by global cues with US stocks hitting record highs overnight. Both foreign and domestic investors were net buyers of local equities on Monday; FIIs bought stocks worth Rs 425 crore, while DIIs were net buyers to the tune of Rs 180 crore. Trading volume in cash market incr...

After a stellar rally for eight straight days, the Nifty opened flat on Wednesday as global cues remain weak. Foreign investors continued their buying spree and on Tuesday they were net buyers to the tune of Rs 954 crore in the cash market.

The Nifty opened flat on Wednesday as indicated by futures trade on Singapore Stock Exchange. Both foreign and domestic investors were net buyers of Indian equities on Tuesday. Foreign investor bought shares worth Rs 278 crore, while domestic investors were net buyers to the tune of Rs 161 crore in cash market.

The Nifty opened flat on Tuesday as indicated by futures trade on Singapore Stock Exchange. Foreign investors were net sellers of Indian equities on Monday as they have sold stocks worth Rs 204 crore in cash market. However domestic investors were net buyers to the tune of Rs 360 crore on Monday. Sentiment is likely to be positive as cabinet approv...

A 38-year-old man, accused of allegedly inducing home buyers on the pretext of providing flats in the proposed projects under the guise of a purported DDA-approved land pooling policy, was arrested by the Economic Offences Wing of Delhi Police.

More than 75 home-buyers were allegedly duped of Rs 15 crore by a real estate firm on the assurance of providing flats, police said.

The Economic Offences Wing (EOW) of Mumbai police arrested a 59-year-old builder for allegedly duping 30 flat buyers of over Rs 12 crore by not giving them possession of flats booked by them, an official said on Saturday.

A Delhi court on Wednesday issued bailable warrants against retired cricketer Gautam Gambhir for not appearing before it despite repeated summons in a case related to alleged cheating of flat buyers in a real estate project.

To help refund thousands of investors who paid for flats that are still not built, Jaypee Associates, the parent of real estate firm Jaypee Infratech, has offered to deposit 400 crores every month starting January, it told the Supreme Court today. Judges have ordered the firm to arrange 2,000 crores before the next hearing on November 13.

The apex consumer commission on Tuesday slapped a penalty of 12 per cent per annum on real estate major DLF Ltd to be given to 50 buyers for delaying giving possession of their flats in its Panchkula project in Haryana, saying it amounted to "cheating".

The Economic Offences Wing today said close to 20,000 prospective buyers seem to have registered in Maple Group's controversial project which promised one-bedroom flats for Rs 5 lakh, a day after a case of cheating was registered against senior executives of the firm.

The Nifty is likely to open flat on Monday as domestic stock markets open after a four-day break. Asian shares rose and the dollar dropped, after a dismal US jobs report raised hopes about a delayed interest rate hike in the US. Both foreign and domestic investors turned net buyers of Indian equities on Wednesday; foreign investors bought shares wo...

The Nifty is likely to open flat on Friday as indicated by futures trade on Singapore Stock Exchange. Foreign investors who were net buyers of Indian equities for last few sessions sold stocks worth Rs 521 crore in cash market yesterday. However, domestic investors were net buyers to the tune of Rs 687 crore. Trading volumes spurred yesterday; cash...

The Nifty opened flat on Tuesday. However, sentiment is likely to be positive as both foreign and domestic investors turned net buyers of Indian equities on Monday. Foreign investors bought shares worth Rs 417 crore while, domestic investors were net buyers to the tune of Rs 404 crore in cash market. Trading volume declined on Monday; cash segment ...

The Nifty opened flat on Thursday tracking weak global markets. However, sentiment is likely to be positive as foreign investors continued to be net buyers of Indian equities. On Wednesday, they have bought shares worth Rs 2,786 crore. Trading volume also increased, with cash segment volume rising 30 per cent to Rs 33,152 crore. In the derivatives ...

The Nifty opened flat on Tuesday. Domestic markets are likely to be supported by global cues with US stocks hitting record highs overnight. Both foreign and domestic investors were net buyers of local equities on Monday; FIIs bought stocks worth Rs 425 crore, while DIIs were net buyers to the tune of Rs 180 crore. Trading volume in cash market incr...

After a stellar rally for eight straight days, the Nifty opened flat on Wednesday as global cues remain weak. Foreign investors continued their buying spree and on Tuesday they were net buyers to the tune of Rs 954 crore in the cash market.

The Nifty opened flat on Wednesday as indicated by futures trade on Singapore Stock Exchange. Both foreign and domestic investors were net buyers of Indian equities on Tuesday. Foreign investor bought shares worth Rs 278 crore, while domestic investors were net buyers to the tune of Rs 161 crore in cash market.

The Nifty opened flat on Tuesday as indicated by futures trade on Singapore Stock Exchange. Foreign investors were net sellers of Indian equities on Monday as they have sold stocks worth Rs 204 crore in cash market. However domestic investors were net buyers to the tune of Rs 360 crore on Monday. Sentiment is likely to be positive as cabinet approv...