Corruption ,Defaults or Policy shifts

If The Sector 37 C Project Is Not Completed, The Land Will Be Auctioned Off: Haryana -Rera

The Haryana Real Estate Regulatory Authority (H-Rera) has ordered developer ILD to submit a resolution plan for an unfinished project in Sector 37C and give over units to allottees. The regulator warned the builder that the project must be completed or the builder's land, offices, plots, and flats will be attached or auctioned to obtain lacking cash to complete the project, which has been in doubt...

Residents Of Ardee City In Gurugram Have Received Refund Against Insufficient Power Infrastructure

Ardee City homeowners have been the first to obtain a refund from Dakshin Haryana Bijli Vitran Nigam (DHBVN) on event fees they paid because the builder failed to construct enough electricity infrastructure within the township. The discom would pay back a total of 2,272 Ardee Metropolis customers a total of Rs 1.84 crore. The reimbursement will be given to the inhabitants because the developer paid...

Haryana Modifies Its Affordable Planned Housing Policy, Requiring Builders To Provide 10% Of Their Land To The Government For Free

The new guidelines were included in changes to the "Deen Dayal Jan Awas Yojana policy - affordable planned housing policy-2016." The Haryana government has updated its affordable planned housing policy, setting stringent requirements for colony developers/license holders, requiring them to give 10% of their licenced colony "free of cost" to the government for community facility provision. According...

Raheja Developers To Pay Customers For Revanta Project Delay In Gurgaon: Consumer Court

As many as 30 homebuyers filed a case against Raheja Developers Limited, requesting a return of the total sum collected from them for consideration of the units, plus interest, due to the project's delay in development. The National Consumer Disputes Redressal Commission (NCDRC) has ordered Raheja Developers to refund homebuyers' deposits as well as interest for delaying its project Revanta in Sector...

Shree Vardhman, Gurugram: When Flora’s Builder Fails To Pay Electricity Bills, DHBVN Suspends Power Supply For Two Days

Residents of Shree Vardhman Flora, Sector 90, have filed a complaint with the deputy commissioner against the developer for failing to pay power dues to Dakshin Haryana Bijli Vitran Nigam (DHBVN), despite the fact that they were collected through a pre-paid method. This, they claim, has forced them to rely on DG sets for the last three days, compounding their financial troubles. This comes after the...

Supertech Claims 500 Crore Loss From The Demolition Of Noida Twin Towers

 RK Arora, Chairman of Supertech, said, "Our overall loss is more than 500 crores. We have invested in land and overall construction costs." The company's chairman, RK Arora, said on Sunday that it has suffered a loss of around 500 crores, including construction and interest costs, as a result of the demolition of its twin towers in Noida. The approximately 100-metre-tall twin towers, Apex and...

The Cabinet Has Extended The Urban Housing Plan Until 2024

The Union Cabinet has authorised the extension of the major urban housing scheme, the Pradhan Mantri Awas Yojana (Urban), till December 31, 2024. The original deadline for the scheme was March 2022, which was introduced in 2015 with the goal of providing affordable homes with incentives. It was established with the purpose of providing affordable homes for all by the year 2022. Since 2015, the total...

Only 93 Projects In Gurugram Received A Completion Certificate Since 1992

In Gurugram, only 93 real estate projects have been finished since 1992, according to a report released by the Town and Country Planning department. 14 licenced colonies are either being prosecuted or are embroiled in licence problems, and another 21 permits have been cancelled. All of this information was made public during the recently concluded monsoon session of the Haryana Legislative...

Illegal Flats Built In Stilt Parking Of Aloha Group Housing Society Is Demolished

A high-rise society in Sector 57 had five residential units demolished by the department of town and country planning (DTCP). According to officials, these apartments were built without the necessary building plans and competent authority permission in the stilt area of three towers in Aloha: B4, B5, and D6. According to district town planner (enforcement) Amit Madholia, "The enforcement team breached...

This Renowned Delhi Shopping Centre Ambience Mall Is Being Auctioned Off For Rs. 2900 Crores! Know Why?

In the national capital, Delhi, there will be an auction for Ambience Mall shopping centre. The 1.2 million square foot mall, located in South Delhi, is currently being valued for auction. The Ambience Mal has not paid the debt to creditors like Indiabulls Housing Finance and others. However, the director of the mall declines any such notice regarding the auction process. In fact, the largest real...

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