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Old man shot at over monetary dispute in Dwarka, accused held
India

Old man shot at over monetary dispute in Dwarka, accused held

A 75-year-old man was injured after he was shot at allegedly by a builder over a monetary dispute in Dwarka's Mohan Garden area, police said on Thursday

Over 70% homebuyers will file complaint against builder under RERA for possession delays: Survey
Business

Over 70% homebuyers will file complaint against builder under RERA for possession delays: Survey

More than two-thirds of homebuyers will file a complaint against the developer with real estate regulator under the new law RERA for any delay in possession of their flats, according to a survey by Magicbricks

Amrapali mortgaging homebuyers’ land: Solution lies in mandatory registration of undivided share of land across India
Business

Amrapali mortgaging homebuyers’ land: Solution lies in mandatory registration of undivided share of land across India

Banks were happy to lend because the title deed to the land were handed over to them. Banks ought to have asked the primary question to Amrapali —does the land belong to you?

Builder shot dead in Pune's Deccan-Gymkhana area; assailants on the run as police orders probe
India

Builder shot dead in Pune's Deccan-Gymkhana area; assailants on the run as police orders probe

A 56-year-old builder was allegedly shot dead by two unidentified men outside his residence in Deccan-Gymkhana area in Pune

RERA era begins: Why a twisted rule by one state could set a bad precedent for others
Business

RERA era begins: Why a twisted rule by one state could set a bad precedent for others

Setting up the required “RERA infrastructure” such as the authority and the Appellate Tribunal as well as an online platform is likely to take at least 3 to 6 months

Suraj Parmar suicide: Police form SIT to probe financial angle in Thane builder's death
India

Suraj Parmar suicide: Police form SIT to probe financial angle in Thane builder's death

The city police on Thursday formed a Special Investigation Team (SIT) headed by an ACP to probe the financial dealings of the four arrested corporators in connection with the builder Suraj Parmar suicide case.

What if the builder disappears? – The biggest risk of investing in real estate
Business

What if the builder disappears? – The biggest risk of investing in real estate

In India, home loans are recourse loans. This means that the banks can come after other assets of the borrower. Hence, walking away from the home loan is a bad idea, even in a situation like this. Further, any default would be reflected on the CIBIL database, leading to the home loan borrowers being deemed unworthy of credit in the years to come.

FIR filed against AAP MLA for allegedly raiding builder's house
India

FIR filed against AAP MLA for allegedly raiding builder's house

An FIR has been registered against an AAP MLA on a complaint by a realtor for alleged rioting and causing hurt at one of his properties.

More power to the complainant: anonymity key
Mumbai

More power to the complainant: anonymity key

It is the lack of trust, and therefore the expectation of anonymity, that landed harrassed investors from a cheating builder to a corrupt cop?