Sale of housing units have virtually come to a halt in Noida Extension following a Supreme Court order quashing land acquisition from farmers by the state authorities in some parts of the area.
The Supreme Court today, July 6, upheld the Allahabad High Court order that had quashed the Greater Noida Authority’s acquisition of land in the Shahberi village.
SEBI can examine financial instruments used by two companies of the Sahara Group to raise money from the public after India’s top court dismissed its petitions on Thursday.
The Supreme Court will today, May 9, hear Sahara Group’s petition against the orders of the Allahabad High Court, which directed the company to share with market regulator SEBI details of investors participating in its fund raising exercise.
The laws like U.P. Apartment Act 2010 and the RERA prohibits any such alteration of original plan after allotment without consent, but the development authorities take help of Govt. orders which are not applicable on Underdevelopment projects to eclipse the law and help private developers to earn windfall profit and delay the projects.
Track2Realty explains how an aggrieved homebuyer can file complaint before the consumer court. Gaurav Gupta, a homebuyer, was subject to dual cheating when he bought the house. Not only was he forced to pay additional amount for no fault of his but also the apartment had serious construction and seepage issue. He finally filed a complaint with the National Consumer Disputes Redressal Commission (NCDRC).
The fate of housing projects on nearly 5000 hectares of land in the NCR hangs in balance as the Allahabad High Court is scheduled to give its verdict today on the 491 petitions against land acquisitions in Noida and Greater Noida.
The 31 tenants in the Sara and Sahara shopping centres, which are allegedly owned by underworld don Dawood Ibrahim, will have to vacate the premises.
The Sahara-Securities and Exchange Board of India (SEBI) legal battle seems to be heading to a verdict now.
The Securities and Exchange Board of India (SEBI) has filed a caveat in the Supreme Court claiming that any petition on its ongoing case against two Sahara group entities cannot be decided without its knowledge.