Browsing Tag

stalled projects

12 posts
In a major boost for homebuyers, the Supreme Court has ruled that merely leasing or renting out a purchased residential flat does not disqualify buyers from filing consumer complaints against builders for delays or unfair practices. The verdict in Vinit Bahri vs MGF Developers restores a dismissed case and clarifies that builders must prove "commercial purpose" to exclude consumer status.

Supreme Court Brings Massive Relief to Thousands of Greater Noida Homebuyers: Stalled Earth Projects to Resume Soon

“After 10 years of waiting, hope is finally here! Supreme Court orders resumption of stalled Greater Noida projects — Earth Towne, TechOne & Sapphire Court. No extra payment for homebuyers. GNIDA penal dues waived. Projects to restart from June 2026. A big win for thousands of families! 🏠⚖️”
The Rais booked a flat in 2013, paid ₹79 lakh, and were promised possession by December 2017. What followed was a developer collapse, a project takeover, a majority consent exercise they never agreed to — and a regulator that told them to cooperate. The tribunal disagreed.

MahaRERA Told Homebuyers to Cooperate. Tribunal Tells Builder to Pay Up

The Rais booked a flat in 2013, paid ₹79 lakh, and were promised possession by December 2017. What followed was a developer collapse, a project takeover, a majority consent exercise they never agreed to — and a regulator that told them to cooperate. The tribunal disagreed.
The Enforcement Directorate has arrested Amit Katyal, alleged aide of Lalu Prasad Yadav, in a massive ₹300-crore real estate fraud tied to Gurugram’s stalled Krrish Florence Estate project. Investigators uncovered fund diversion, fake bookings, undervalued land sales, and losses to a public sector bank.

Lalu Prasad Yadav’s Close Aide Amit Katyal Arrested in ₹300-Crore Real Estate Fraud: ED Cracks Down

The Enforcement Directorate has arrested Amit Katyal, alleged aide of Lalu Prasad Yadav, in a massive ₹300-crore real estate fraud tied to Gurugram’s stalled Krrish Florence Estate project. Investigators uncovered fund diversion, fake bookings, undervalued land sales, and losses to a public sector bank.
Gurugram has emerged as India’s top ultra-luxury housing market, clocking ₹24,120 crore in sales of homes priced above ₹10 crore in 2025 and overtaking Mumbai in high-end real estate demand.

📰 Homebuyers Beware: India’s Housing Boom May Have Peaked — Construction Delays Raise Red Flags

India’s housing market may be at its turning point. A new Liases Foras report says luxury sales are booming, but construction progress is lagging behind — a warning that the real estate cycle could be peaking.
The Maharashtra Real Estate Appellate Tribunal has ruled that RERA does not allow homebuyers to return a flat and seek refund after taking possession, holding that acceptance of possession closes the exit route under Section 18 of the Act.

📝 Stalled Since 2017, This Real Estate Project Gets MahaRERA Green Light After Legal Knot Unravelled

Stalled since 2017, Pune’s Marvel Basilo project has received MahaRERA’s go-ahead to resume construction and sales after key legal battles were settled. The order brings long-awaited clarity and relief to homebuyers caught in delays for nearly a decade.