If the developers continue to express inability to pay, buyers should file a petition in the SC and request it to initiate proceedings under Article 142 of the Constitution During proceedings in the Supreme Court recently, Parsvnath and Unitech expressed their inability to refund home buyers for not handing over possession of flats. While the apex court has asked Unitech to deposit the principal money that buyers had paid, in the case of Parsvnath, the court is examining the case for the next ... Rediff.com, 1 month ago
Take action against errant builder - Smart Investor, 1 month ago
Some time in 2012, when Sonia Vaid got tired of the endless wait for clients at her property broking office in Gurgaon, she enrolled for a management programme. The timing was perfect as just around that the meltdown in residential property sales ...Hindu Business Line, 1 month ago
The luxury real estate market has come crashing down in the past few years, leaving developers of opulent housing saddled with an inventory that will, by some accounts, take four years to clear. The situation represents a dramatic turnaround from ...Hindu Business Line, 1 month ago
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