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Insolvency proceedings against real estate firm Emaar MGF Land

Insolvency proceedings against real estate firm Emaar MGF Land

The National Company Law Tribunal (NCLT) has asked to initiate insolvency proceedings against real estate firm Emaar MGF Land after a home buyer filed petition against the company for a huge delay in delivery of their housing units. The Court has appointed Manoj Kumar Anand as the Insolvency Resolution Professional […]

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Arbitration agreements cannot oust the jurisdiction of consumer forums

In a recent judgement, the Supreme Court affirmed that arbitration agreements cannot oust the jurisdiction of consumer forums. The order will benefit homebuyers who usually have an arbitration clause in their agreements with the real estate companies. Such clauses lay down that in cases of disputes, aggrieved consumers will have to resort to […]

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Disputes Resolution under RERA Act 2016

A Guide for homebuyers on RERA Rules and RERA Complaints
The Real Estate (Regulation and Development) Act (RERA), which came into force on 1 May 2016, seeks to protect the interests of homebuyers as much as it hopes to boost investments in the real

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Tennis star Sharapova charged with cheating and conspiracy

Five-time Grand Slam champion Maria Sharapova has been charged with cheating and conspiracy by Gurugram police. As per the complaint, Sharapova had endorsed a proposed luxury housing project in Gurugram that was later abandoned by the builders, duping hundreds of investors and buyers.In 2012, Sharapova had launched Ballet by Sharapova, […]

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Sahara ordered to refund Rs 84 lakh to 12 homebuyers

The district consumer court in Pune has directed Sahara Prime City Limited, a project by Sahara India in Dhanori, to refund a total of Rs 84 lakh with 9 per cent per annum interest and Rs 5,000 cost to each of 12 homebuyers for deficient service.Between December 2012 and January […]

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Pradhan Mantri Awas Yojana

Almost every Indian dreams of having his or her own home. If you are among them and you aren’t able to afford one till date, then you should know of Pradhan Mantri Awas Yojna home loan assistance scheme which will make your dream of owning a home in an urban […]

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