A First Information Report (FIR) has been filed against AN Buildwell for alleged dishonesty and criminal conspiracy following complaints from 15 investors regarding project delays.
The real estate bill is expected to pass in the upcoming parliament session, protecting buyers from unethical builders.
The real estate market shows a steady increase in cash flows, which offers builders hope to pay off their debts. The sector is revised from 'negative' to 'stable.'
Noida Extension's approval brings mixed reactions. Buyers face booking uncertainties, builders grapple with rising costs, farmers claim underpayment, and environmentalists raise concerns about water depletion.
CREDAI expels and witnesses the resignation of several developers over non-compliance with its transparency-focused code of conduct.
The state government will implement its affordable housing policy on April 15, requiring builders to reserve 20% of land for small-sized housing, despite some reservations.
Allahabad High Court grants Noida Authority two weeks to resolve the farmer crisis, potentially benefiting all parties involved.
Buyers of unconstructed houses in Noida Extension have taken to the streets to plea the Supreme Court for justice, demanding full refunds from builders.
Many potential buyers are hesitant to invest in under-construction homes due to concerns about builders' reliability, despite lower prices and customization options.
The Income Tax Department is investigating real estate deals in New Delhi to combat black money and tax evasion. They will scrutinize developer funding and individual transactions.
Recovery in realty market visible with rate cuts, attractive offers, and increased property registrations in major cities.
Income-tax department to closely monitor real estate transactions over ₹30 lakh, with scrutiny triggers including gross income mismatch and large cash deposits.