Delay in Possession? Numbers justify implementation of RERA

Delayed possessions or no possessions at all and even in cases where apartments were given the amenities promised were lacking or not at all present in the developed projects.

Supreme Court protect interests of Homebuyers in Jaiprakash Infratech Limited case

Home buyers who had invested in housing projects by JIL, were permitted by the Interim Resolution Professional (IRP) to submit their claims as ‘other creditors’, subordinate to financial and operational creditors of JIL.

RERA freezes bank accounts of the developer for non-registration of the project

Bihar RERA froze the bank account of Patna based developers for giving the misleading replies to the show cause notices which was issued by the RERA Authority to inquire about the non-registration of the project.

Big decision by Hon’ble Supreme Court on Amrapali Group

Supreme Court to Amrapali Group- Court will sell the company’s or firm’s assets along with personal assets of its Managing Director/Directors in order to make the payment to the innocent buyers.