Flat buyers News

Supertech's MD RK Arora was arrested late night by ED. ED had also attached his property worth 40 crores in the investigation. Now the Enforcement Directorate has got the custody of RK Arora.

SUPERTECH BREAKING: Supertech's MG RK Arora has been arrested by ED, it is being told that ED was interrogating him for a long time, EG has also attached his property worth 40 crores in the investigation.

A bench comprising justices DY Chandrachud and B.V. Nagarathna said, "This is an important issue on the protection of buyers". It further added, "often (this issue) is put on backfoot by clauses in agreements made by builders".

Jaypee Infratech is offering its flat owners fresh deals to shift their bookings to its new property in Greater Noida.

The Supreme Court on Wednesday directed Delhi Police to furnish details of the number of flat buyers of Unitech`s project in Gurugram who had approached it for registering cases and the total amount owed by the real estate company to them.

The revised regulations come at a time when a large number of flat buyers have been left in the lurch, especially in the National Capital Region (NCR), due to long delay in deliveries amid the developers citing fund crunch.

Expressing government's sympathy with the flat buyers, Finance Minister Arun Jaitley said that people who have deposited money with the developers should get possession of their flats. 

In a major trouble for renowned Bollywood actor Anil Kapoor, Maharashtra Housing and Area Development Authority (MHADA) has issued a legal notice to him for allegedly endorsing false claims of private construction firm.