CREDAI asks developers to move Supreme Court
The Confederation of Real Estate Developers’ Association of India (CREDAI) has asked builders, whose projects in Patwari have been affected by the high court order, to move the Supreme Court.
The Confederation of Real Estate Developers’ Association of India (CREDAI) has asked builders, whose projects in Patwari have been affected by the high court order, to move the Supreme Court.
Real estate company Amrapali, which has been worst affected by the Supreme Court judgment regarding land acquisition in Greater Noida, today said it is refunding the entire amount to home-buyers who have opted out from its township in the area.
India’s real estate industry has always been beset by risk, and many unwary buyers and investors have burned their fingers on it.
More than half a dozen builders, including Ahmedabad-based Bakeri Group, Lodha Developers and Indiabulls Real Estate, have either pulled out of the affordable-housing segment or have changed their offering.
Hours after the Supreme Court order, several worried investors at Shah Beri village rushed to the offices of developers demanding their money back or a house at an alternative site.
The proposed Real Estate Regulation Bill may be delayed.
The Indian Property Show opened at Dubai World Trade Center, Hall No.4.
The stretch called New Gurgaon is the closest in terms of proximity to Dwarka and West Delhi once the Dwarka Expressway is operational.
Sample flats are indicative only – they basically serve the purpose of giving the intending purchaser a sense of space and dimension.
Private equity investors are poised to exit roughly $5 billion worth of Indian real estate investments in the next two or three years, a Nomura report said.