Home Buyers

Amrapali Group committed first degree crime by cheating home buyers, will be booked and prosecuted, says Supreme Court

Amrapali Group "cheated everybody including home buyers, banks and authorities and indulged in cartelization to prevent the Debt Recovery Tribunal from auctioning its unencumbered properties", SC said.

Planning to invest in a house? You can get these three benefits by taking home loan in a woman's name

Govt has also encouraged this new wave of development and has devised various concessions/ policies to facilitate smoother access of funds to women investors

Home-buyers as financial creditors: Developers' default risks spike with delayed projects, says Icra

There have been various instances of aggrieved home-buyers initiating insolvency proceedings against developers who have delayed project execution.

Supreme Court refuses bail to Unitech promoters in a case relating to siphoning home buyers' money

The Supreme Court on Wednesday refused bail to Unitech promoters Sanjay Chandra and Ajay Chandra in a case relating to alleged siphoning off the home-buyers' money

RBI monetary policy: Realty sector says unchanged repo rate to boost home buyers

While back-to-back rate hikes in June and August had impacted buyers' sentiment in the interim, maintaining the status quo on policy rate in October and today, will reinforce the confidence of homebuyers and they will be encouraged to go ahead with their plans to buy house, JLL India country head Ramesh Nair said

Amrapali played 'big fraud' by diverting homebuyers money to other firms, 'big racket' has to be unearthed, says SC

Amrapali Group has been hoodwinking the court, DRT and also the forensic auditors, the Supreme Court court said.

Supreme Court action against Amrapali directors sends the right message to home buyers

Apparently, the Supreme Court suspects huge diversion of funds and hence it is looking beyond the companies themselves to retrieve the money to the extent possible for the beleaguered and hapless home buyers.

National Anti-Profiteering Authority asks Gurugram-based Pyramid Infratech to refund Rs 8.22 cr of GST to home buyers

In a big relief to the home buyers, the National Anti-Profiteering Authority (NAA) has ordered Gurugram-based Pyramid Infratech to refund over Rs 8.22 crore to 2,476 flat owners as it had failed to pass on the benefit of GST reduction to them

Auditor who exposed Harshad Mehta scam to carry out forensic audit of Amrapali Group

The top court had also brought CMD of Amrapali Group Anil Sharma under its scanner for declaring his assets worth Rs 67 crore, as against Rs 847 crore, in his election affidavit filed during the 2014 Lok Sabha polls

Government committed to resolving problems of home buyers: Union minister Hardeep Singh Puri

Hard-earned money of over lakhs of home buyers in Delhi-NCR are stuck because of defaults by developers including Jaypee group, Amrapali, Unitech and The 3C Company in deliveries of their projects on time.