Home buyers are justified in seeking a refund for a house even if the delayed project is ready, the Supreme Court has ruled.

The Supreme Court, on August 2, 2019, ordered status quo for two weeks, on Jaypee Group’s plea against the NCLAT order, which allowed fresh bidding for debt-laden Jaypee Infratech. A bench of justices AM Khanwilkar and Dinesh Maheshwari ordered the status quo, after the apex court was informed that Parliament had passed the proposed amendments in the Insolvency and Bankruptcy Code. “We have not seen the amendment, let it come and we will see,” the bench said.

While the SC has ordered early addressing of similar problems faced by home buyers of Amrapali and Unitech projects, buyers of Jaypee continue to wait for end to their woes.

Notices are being issued irrespective of age of the building or period of construction with the South Delhi Municipal Corporation casting its net wide.

According to data sourced from RERA-K, around 2,700 complaints are being heard currently and will be resolved at the earliest.

Rera is not applicable in Jammu & Kashmir but the state has notified its own legislation.

​​The marital status of the daughter is immaterial, and a married daughter has the same rights as an unmarried one.

South Delhi's Saket is a premium micro-market comprising quality residential, high-end retail and commercial offices.

New housing supply fell 47 per cent to 37,852 units in April-June 2019-20 across nine cities due to a liquidity crunch and general elections.

Flats in Wish Town were booked mostly between 2008 and 2009 and should have been ready by 2011-2012. However, the deliveries stopped after the first 5,000 units.

The Bombay High Court, on July 16, 2019, quashed the CRZ clearances granted to the city civic body’s ambitious Rs 14,000-crore Coastal Road project. The court’s ruling means that the Brihanmumbai Municipal Corporation (BMC) cannot continue work on the 29.2-km-long project, proposed to connect Marine Drive area in south Mumbai to suburban Borivali in north Mumbai.

The latest report by a real estate research firm suggests that slack demand, huge inventories and stringent regulations have kept home prices low across major Indian cities.