Government likely to dedicate scheme to unburden NBFCS of stress assets to boost Real Estate Sector

The government is presently mooting schemes to unburden NBFCs of stressed financial assets such as by creating a stressed asset fund to buy out the stressed financial assets.

Promoter can transfer project to third party

Due to the unavailability of funds from banks and developers getting bankrupt, small developers will get into joint ventures, mergers, and acquisitions for their survival within the market.

Contempt of HRERA Order by Orris Infrastructure & Three C Shelters

Complaint was filed by Greenopolis Welfare association against the promoters, M/s Orris Infrastructure Private Limited and M/s Three C Shelters Pvt. Ltd. for not giving possession by the due date.