From construction delays and refund refusals to outright defiance of Rera compensation orders, aggrieved buyers say enforcement is virtually non-existent. What began as a hopeful investment has, for many, turned into a fight for justice that drags on for years.
NOIDA: Facing protests from Amrapali homebuyers, National Buildings Construction Corporation (NBCC) has defended its decision to sell new flats in bulk to private developers, saying it was a “last resort” to raise funds for completing stalled housing projects. The state-run construction company’s move has sparked outrage among homebuyers who alleged that on one hand, their long-awaited flats were being cancelled in the name of delayed payments, while on the other, new flats with additional FAR were being handed over to private developers at “discounted” rates. NBCC chairperson and managing director KP Mahadevaswamy, however, maintained that the decision was necessary given…
CHENNAI: Chetpet residents on Thursday expressed concerns about the increasing number of residential houses in their neighbourhood being illegally rented out for commercial purposes. In a meeting chaired by Dr N Ezhilan, Thousand Lights constituency MLA, members from Harrington Road Residents Association said houses in the area were rented out as hotels, cafes, and parlours. “We now have more cars coming in, more garbage, more sewage, and more electricity disruption. The buildings charge a commercial rent. None of the buildings are of commercial nature,” Suhasini Fredrick of the association told the MLA. Members showed CMDA maps to prove how houses…
Representative Image Max Group’s Analjit Singh has transferred a prime 2,140 sq metre bungalow in Lutyens’ Delhi’s APJ Abdul Kalam Road to Vstar Ventures for Rs 152 crore in a private transfer that’s part of a broader reorganisation within the family’s business interests. The property was sold by Delhi Guest Houses Pvt Ltd to Vstar Ventures. Both firms are owned by Analjit Singh. Sahil Vachani—Vice Chairman and Managing Director of Max Estates, and Singh’s son-in-law—represented Vstar Ventures in the deal. Vachani and his wife, Tara Singh Vachani, Executive Chairperson of Antara Senior Living, are both directors in the company. “The…