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Tag: homebuyers

​600 homebuyers join hands, bid for completing a part of Jaypee project

​600 homebuyers join hands, bid for completing a part of Jaypee project

Finance
NEW DELHI: Among the 20-odd bidders for insolvency-hit Jaypee Infratech’s housing, hospital and road projects, including some top names from India Inc, there is an entity with no experience of construction and probably no documents to show its net worth -- a group of flat buyers from Kasa Isles who are pitching to take over some of the apartment blocks and construct it themselves. Over 600 buyers from the 16 towers of the project in Noida’s Sector 129 have come together under the umbrella of Kasa Isles Welfare Association and submitted their proposal to the resolution professional appointed by the National Company Law Tribunal. Now, they have approached the insolvency resolution professional with a formal offer. Aman Behal, a core committee member, said the association will need around
Gurugram homebuyers to move consumer court against Haryana RERA

Gurugram homebuyers to move consumer court against Haryana RERA

Finance
Gurugram: A group of homebuyers, unhappy with the provisions of Haryana’s Real Estate Regulation Act (Rera), are planning to knock on the doors of the National Consumer Disputes Redressal Commission (NCDRC) to protect their interests. The buyers, who have invested in various ongoing real estate projects across Gurgaon, have already lodged several complaints with the Haryana government, expressing serious concerns over the “dilution” of the central Act. They alleged that the state Act, though was touted as a tool for safeguarding the interests of homebuyers, ended up being largely tilted in favour of developers. Citing an example, Prakhar Sahay, a homebuyer, said a Mumbai-based developer had been delaying the process for giving possession at a project at Sector 95 for the past seven yea