The District Consumer Disputes Redressal Forum, Chandigarh, has directed Emerging India Real Assets to pay Rs 35,000 as compensation for selling plots before seeking necessary permissions without taking development license from the authority concerned i.e. Greater Mohali Area Development Authority (GMADA).
There are 5,200 flats in various Amrapali projects which are either bogus or unsold, court-appointed forensic auditors on Monday told the Supreme Court, which also grilled multinational firm, JP Morgan, for investing Rs 85 crore in the real-estate company in 2010.
Promoters of NCR-based real-estate firm 3C Developers are set to face even more trouble, with the National Consumer Disputes Redressal Commission (NCDRC) finally deciding to initiate criminal proceedings against them after the firm failed to pay compensation for delays in delivering projects to its buyers despite several reminders.
The Telangana Real Estate Regulatory Authority (RERA) will soon be extending the ‘deadline’ for accepting applications filed for mandatory registration by projects, including buildings and layouts, till the month-end but with a penalty of ?2 lakh.
Gautam Buddh Nagar administration booked 21 persons on Wednesday, including directors of a building firm, rogue builders, murder accused and robbers, under the UP Gangsters and Anti-Social Elements (Prevention) Act and orders were issued to attach their properties.
To the relief of aggrieved home buyers of Unitech, the Supreme Court Tuesday directed the realty firm to construct 514 flats in its five projects out of the funds generated from auctioning of its Kolkata property.