Supertech plans to sell its assets to raise money for its real estate projects. The Real Estate Firm has various real estate projects based in Delhi and NCR
The RERA Authority issued warrants of attachment in respect of Rs 91.41 lakh to four bank accounts of M/s Supertech for deduction of the amount.
The government has shown grave concern regarding pendency in the real estate sector and announced a government-funded stress fund for unfinished projects.
The Uttar Pradesh RERA Authority keeping up with the spirit of the Real Estate Regulation and Development. That 7th Conciliation Forum of NCR was held by the Uttar Pradesh Real Estate Regulatory Authority recently wherein for the first time a settlement was achieved between the developer company Supertech and 14 Homebuyers.
If the collection from allottees in a particular month is less than the installment due to be paid to the lender, the entire amount in the escrow account reportedly goes to lenders.
The UPRERA authority planning to cancel the RERA registration or take over the projects if the concerned builders don’t come around finishing the projects.
Western UP Bench of RERA- After looking at the bulk cases in the state a bench was made operational in the city of Noida on 4th September, 2018.
The IBC ordinance is the latest entry into the ring. What does it hold for homebuyers like you and me? A lot.
Uttar Pradesh (UP) Government set up a group of ministers to scrutinize the disarray in Noida’s real estate sector. The committee on Monday ordered the arrest of arrest 8 builders for not delivering 5,000 flats to homebuyers. In the month of September, police had lodged 13 FIRs against 6 builders with projects in Noida and … Continue reading “UP Government orders arrest of 8 Builders in Noida”