Search Results: Supreme Court (142)

Policy Supreme Court RERA Order, Supertech Supreme Court Order, Supertech Twin Towers, Supertech Demolition, RERA Jurisdiction

Will Supreme Court UP RERA judgment empower the regulator?

The real estate market of Uttar Pradesh in general and Noida-Greater Noida in particular is hotbed of consumer grievances, ranging from delay to default and unmet promises to builder’s high handedness. As per the industry estimate nearly 40% home buyers’ grievances in India are reported to be from this market alone. It is hence no surprise that even when the Real Estate Regulatory Authority proposes to clean the market, the builders devise their own ways & means to dispose it.

Policy Supertech Emerald Court, Supertech Twin Towers, Supreme Court Orders Demolition of Supertech, Supertech Fraud, Supertech Cheating, Noida Property Market, RK Arora, Mohit Arora

Supreme Court demolition order against Supertech twin towers won’t change market realities

A closer look at the way the sector operates indicates that the ground realities are different than what is being anticipated post this historic judgment. The Supreme Court order has hence raised more questions than settled the answers that could goad the sector to best practices in the business. The court order touches upon some of the grey areas like “long & expensive legal battle” that the buyers have to go through. It nevertheless doesn’t offer any solution for the same. The fact remains that the long & expensive legal battle is the primary cause of home buyers’ suffering in silence at the hands of the builders.

Company News india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property

Supreme Court directs Supertech to refund money of flat owners

Track2Realty-Agencies: The Supreme Court on Wednesday, July 30, directed real estate giant Supertech to give back money within a month to flat owners who had sought refund of their investments after its 40-storey residential twin towers Apex and Ceyane in Noida were directed to be demolished by Allahabad High Court.

Company News india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Subrata Roy, Sahara India, SEBI, Securities and Exchange Board of India, Track2Media, Track2Infra, Track2Realty

Sahara Group clarifies after Supreme Court verdict

The Sahara Group has clarified their stand in public after the jolt by the Supreme Court asking them to refund within three months Rs. 24,029 crore it had collected between 2008 and 2011 from over 2.96 crore investors, flouting mandatory regulatory provisions and the Company Act. In the wake of media onslaught after the Court asked two Sahara Companies to pay 15% interest on the amount, the Group in a statement has following version in its defence.

Company News india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Sahara Prime City, Kochi real estate news

Supreme Court asks Sahara Group to refund Rs. 17,400 crore to investors

The Sahara Group will have to refund Rs. 17,400 crore to retail investors raised in 2008-09, the Supreme Court has ruled. The apex court had upheld the Securities Appellate Tribunal (SAT) order directing two Sahara companies to refund this amount. Former Supreme Court Judge BN Agarwal will monitor the refund to investors, the court said.

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