Homebuyers

As the debate continues, it underscores the broader challenges faced by potential homeowners grappling with soaring property prices and the quest for financial viability.

Homebuyers in the country are being defrauded, necessitating the need to bring uniformity in builder-buyer agreements, the Supreme Court observed on Monday.

The Delhi High Court granted bail to former Amrapali Group director Ajay Kumar on Friday in four cases of cheating and fraud lodged by the police on complaints from homebuyers in various residential projects of the real-estate company.

The Enforcement Directorate (ED) on Wednesday alleged RK Arora, owner of real estate company Supertech, was the group's main controlling person who decided to "divert" investors and homebuyers money worth crores of rupees to various shell companies.

Ms Hall spent her entire adult life to save up to buy this house and now she is not able to enjoy it.

Realty firm Chintels group has offered to buy back about 180 flats from homebuyers of three towers of its project in Gurugram as they have been declared unsafe after a partial collapse last year.

Two builders of property developer Nirmal Lifestyle have been arrested by the Mumbai Police. Dharmesh Jain and Rajeev Jain of the property developer allegedly duped homebuyers of Rs 11.30 crore, sources said.

A two-member Principal bench of NCLT headed by President Ramalingam Sudhkar approved the resolution plan, more than three months after concluding the hearing and reserving the order.

Police have arrested four persons, including a woman, for allegedly cheating more than 150 homebuyers to the tune of Rs 3.75 crore across three districts of Maharashtra, including Mumbai.

In June last year, Mumbai-based Suraksha group received the approval of financial creditors and homebuyers to takeover the Jaypee Infratech Ltd (JIL), raising hopes for 20,000 homebuyers of getting possession of their dream flats.

An offence has been registered against a builder in Maharashtra's Nagpur city for allegedly duping 22 homebuyers of Rs 12.90 crore.

Homebuyers' body FPCE on Sunday termed the demolition of Supertech's twin towers in Noida as a huge victory for flat owners and said it has also demolished the ego of builders and development authorities.

An Audi car, Rs 85 lakh in cash and documents were seized during recent raids against a Punjab-based real estate group in connection with a money laundering case linked to alleged cheating of homebuyers, the ED said on Tuesday.

The Supreme Court on Wednesday gave an opportunity to the Unitech homebuyers who are senior citizens above 75 years of age, fixed deposit holders, and persons in urgent medical need to seek a refund of the amount deposited for their flats.

The Supreme Court on Wednesday asked the Enforcement Directorate (ED) to file a status report on steps taken to bring back Unitech Ltd homebuyers' money amounting to Rs 5,000 crorewhich has been siphoned off and stashed in a tax haven like Cyprus.

As the debate continues, it underscores the broader challenges faced by potential homeowners grappling with soaring property prices and the quest for financial viability.

Homebuyers in the country are being defrauded, necessitating the need to bring uniformity in builder-buyer agreements, the Supreme Court observed on Monday.

The Delhi High Court granted bail to former Amrapali Group director Ajay Kumar on Friday in four cases of cheating and fraud lodged by the police on complaints from homebuyers in various residential projects of the real-estate company.

The Enforcement Directorate (ED) on Wednesday alleged RK Arora, owner of real estate company Supertech, was the group's main controlling person who decided to "divert" investors and homebuyers money worth crores of rupees to various shell companies.

Ms Hall spent her entire adult life to save up to buy this house and now she is not able to enjoy it.

Realty firm Chintels group has offered to buy back about 180 flats from homebuyers of three towers of its project in Gurugram as they have been declared unsafe after a partial collapse last year.

Two builders of property developer Nirmal Lifestyle have been arrested by the Mumbai Police. Dharmesh Jain and Rajeev Jain of the property developer allegedly duped homebuyers of Rs 11.30 crore, sources said.

A two-member Principal bench of NCLT headed by President Ramalingam Sudhkar approved the resolution plan, more than three months after concluding the hearing and reserving the order.

Police have arrested four persons, including a woman, for allegedly cheating more than 150 homebuyers to the tune of Rs 3.75 crore across three districts of Maharashtra, including Mumbai.

In June last year, Mumbai-based Suraksha group received the approval of financial creditors and homebuyers to takeover the Jaypee Infratech Ltd (JIL), raising hopes for 20,000 homebuyers of getting possession of their dream flats.

An offence has been registered against a builder in Maharashtra's Nagpur city for allegedly duping 22 homebuyers of Rs 12.90 crore.

Homebuyers' body FPCE on Sunday termed the demolition of Supertech's twin towers in Noida as a huge victory for flat owners and said it has also demolished the ego of builders and development authorities.

An Audi car, Rs 85 lakh in cash and documents were seized during recent raids against a Punjab-based real estate group in connection with a money laundering case linked to alleged cheating of homebuyers, the ED said on Tuesday.

The Supreme Court on Wednesday gave an opportunity to the Unitech homebuyers who are senior citizens above 75 years of age, fixed deposit holders, and persons in urgent medical need to seek a refund of the amount deposited for their flats.

The Supreme Court on Wednesday asked the Enforcement Directorate (ED) to file a status report on steps taken to bring back Unitech Ltd homebuyers' money amounting to Rs 5,000 crorewhich has been siphoned off and stashed in a tax haven like Cyprus.