Corporate Affairs Secretary Injeti Srinivas said the personal insolvency regime would be fully operational in one year
Measures not enough to encourage buyers, claim real estate players
Top court to next hear the matter on October 4, seeks govt suggestion on how GST will be charged
If the builder has defaulted to a lender and the latter wants to take possession of the property, homebuyers should approach debt recovery tribunal for a stay order
Under the Competition Act, complaints filed under a certain section cannot be withdrawn
Apex court asks government to fill vacancies in NCLT, NCLAT and RERA within three months, submit status report
According to industry sources, the verdict will make things difficult for a host of developers
The promoters had diverted over Rs 5,000 crore through bogus methods like loans and advances between group firms at inflated rates and unaccounted transfer of funds to the promoters.
With banks saddled with NPAs, NBFCs had stepped into the breach
Industry sources say there will be an immediate and long-term impact
Demonetisation, RERA and GST have helped consolidation in the sector
"We never in our wildest dreams imagined one day we would take on the functions and the role of a developer," said Vazirani, 45, who bought the two-bedroom unit before construction started
Buyers in states where RERA Authority is less effective need to be especially watchful
Residential real estate developers will feel the pinch when it comes to funding
When possession is delayed, there is a continuing wrong. A buyer would be entitled to approach the consumer forum at any point of time
Experts say move to make matters worse for buyers
Govt is willing to ease buyers' pain