Noida Home Buyers

The Supreme Court Friday assured the home buyers of the to-be-razed 40-storey twin-towers of real estate firm Supertech in Noida that they will be refunded the full amount deposited with the builder.

Noida on Wednesday drew flak from the Supreme Court for failing to provide sanctioned plan to the Supertech's Emerald Court project home buyers saying, "you (the authority) are reeking with corruption right from your eyes and nose".

The Noida Authority on Friday said it has extended till April 30, 2020 the date for builders here to clear dues they owe to it, hoping the move would benefit more home buyers get possession of their flats.

A sprawling 1,063-acre property development located in Noida, just outside New Delhi, Wish Town was supposed to give would-be home buyers sparkling shopping malls, pristine golf courses and modern medical clinics. Apartments that should have been delivered by 2012 were billed in the media as "global homes with an Indian address."

The Supreme Court on Monday directed disbursement of Rs 7.16 crore to state-run National Buildings Construction Corporation (NBCC) to complete two stalled projects of the embattled real estate group Amrapali, which has been accused of fraud. The sum was earlier deposited by the Amrapali group with the top court's registry. The two projects are in N...

The Enforcement Directorate has filed a criminal case of money laundering against embattled real estate major Amrapali Group and its promoters, who allegedly failed to give possession of flats to over 42,000 home buyers in Noida and Greater Noida, officials said on Tuesday.

The Supreme Court on Wednesday told Jaypee Associates to deposit Rs 125 crore as directed failing which it would be held in contempt of court and could land in Tihar Jail.

Uttar Pradesh Chief Minister Yogi Adityanath on Saturday said 40,000 home buyers in Noida and Greater Noida area will be given the possession of their apartments by the end of December this year.

The Supreme Court today expressed anguish over the "tears" of home buyers saying they cannot be "taken for a ride" by the builders, as it directed the Jaypee group to give Rs 50 lakh as interim compensation to its customers for delay in giving them possession.

Coming to the rescue of distressed home buyers of Noida and Greater Noida, the Uttar Pradesh government today directed builders to hand over 50,000 flats to customers in next three months or face action.

Hundreds of home buyers are in lurch after a plea for insolvency proceedings was admitted by NCLT against Jaypee Infratech for defaulting on Rs 526 crore loan.

Besides Amrapali, developers like Jaypee Infratech and Unitech too are facing protests by home buyers over delayed projects.

Many home buyers had been left in lurch after insolvency proceedings were initiated against the realty company for defaulting on a Rs 526-crore loan.

Home buyers associations of Noida and Greater Noida met Uttar Pradesh Chief Minister Yogi Adityanath on Thursday and sought action against builders for allegedly harassing them by not delivering projects on time and charging extra money.

Shares of Unitech plunged as much as 19.5 per cent to hit intraday low of Rs 4.95 after the real estate company on Friday told Supreme Court that it does not have the money to refund home buyers over its two delayed housing projects in Noida and Gurgaon.

The Supreme Court Friday assured the home buyers of the to-be-razed 40-storey twin-towers of real estate firm Supertech in Noida that they will be refunded the full amount deposited with the builder.

Noida on Wednesday drew flak from the Supreme Court for failing to provide sanctioned plan to the Supertech's Emerald Court project home buyers saying, "you (the authority) are reeking with corruption right from your eyes and nose".

The Noida Authority on Friday said it has extended till April 30, 2020 the date for builders here to clear dues they owe to it, hoping the move would benefit more home buyers get possession of their flats.

A sprawling 1,063-acre property development located in Noida, just outside New Delhi, Wish Town was supposed to give would-be home buyers sparkling shopping malls, pristine golf courses and modern medical clinics. Apartments that should have been delivered by 2012 were billed in the media as "global homes with an Indian address."

The Supreme Court on Monday directed disbursement of Rs 7.16 crore to state-run National Buildings Construction Corporation (NBCC) to complete two stalled projects of the embattled real estate group Amrapali, which has been accused of fraud. The sum was earlier deposited by the Amrapali group with the top court's registry. The two projects are in N...

The Enforcement Directorate has filed a criminal case of money laundering against embattled real estate major Amrapali Group and its promoters, who allegedly failed to give possession of flats to over 42,000 home buyers in Noida and Greater Noida, officials said on Tuesday.

The Supreme Court on Wednesday told Jaypee Associates to deposit Rs 125 crore as directed failing which it would be held in contempt of court and could land in Tihar Jail.

Uttar Pradesh Chief Minister Yogi Adityanath on Saturday said 40,000 home buyers in Noida and Greater Noida area will be given the possession of their apartments by the end of December this year.

The Supreme Court today expressed anguish over the "tears" of home buyers saying they cannot be "taken for a ride" by the builders, as it directed the Jaypee group to give Rs 50 lakh as interim compensation to its customers for delay in giving them possession.

Coming to the rescue of distressed home buyers of Noida and Greater Noida, the Uttar Pradesh government today directed builders to hand over 50,000 flats to customers in next three months or face action.

Hundreds of home buyers are in lurch after a plea for insolvency proceedings was admitted by NCLT against Jaypee Infratech for defaulting on Rs 526 crore loan.

Besides Amrapali, developers like Jaypee Infratech and Unitech too are facing protests by home buyers over delayed projects.

Many home buyers had been left in lurch after insolvency proceedings were initiated against the realty company for defaulting on a Rs 526-crore loan.

Home buyers associations of Noida and Greater Noida met Uttar Pradesh Chief Minister Yogi Adityanath on Thursday and sought action against builders for allegedly harassing them by not delivering projects on time and charging extra money.

Shares of Unitech plunged as much as 19.5 per cent to hit intraday low of Rs 4.95 after the real estate company on Friday told Supreme Court that it does not have the money to refund home buyers over its two delayed housing projects in Noida and Gurgaon.