News articles tagged Delayed Projects

Karnataka High Court orders the state to retrieve stalled homebuyers’ funds in four months.

Karnataka High Court directs state government to recover funds for delayed Bengaluru projects within four months, following homebuyers' grievances over sluggish RERA order execution.

Supertech to deliver over 8,000 flats by December 2021

Supertech to deliver 8,460 apartments by December 2021, and 16,041 units by June 2023 in NCR region.

How the dream of “Affordable Homes” turned into a nightmare!

Parsvnath Developers sentenced to prison for delayed refunds to homebuyers, highlighting the issue of pending apartments in Greater Noida. Over 1 lakh apartments remain undelivered, with builders owing GNIDA ₹6,000 crore.

Govt. to issue Rs 625 crore for pending Amrapali projects by next week

SBI Capital will release ₹625 crore to fund six stalled Amrapali projects, ensuring apartment delivery to homebuyers. HUDCO expressed willingness to fund projects under specific terms.

Jaypee Group's Rs 4,500 crore payment is unpaid

Jaypee Group's financial woes deepen with ₹4,500 crore unpaid to banks, delayed real estate projects in Noida.

Slowdown in delivery, re-sale looks better option

Indian real estate deliveries face significant delays in 2013, impacting homebuyers. NCR lags behind, while Pune and Mumbai show better performance. Factors such as capital shortage, over-leveraging, and land availability contribute to the slowdown.

NCR Residential Market Hit by Delayed Projects

Project delays plague NCR's residential market, causing a 31% drop in new launches and leaving 140,000 unsold units, impacting homebuyers and developers.