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Mumbai Builder Fails To Deliver Apartments; Faces PrOver 2,500 homebuyers have launched a protest against Jaycee Homes and JVPD Properties Limited for failing to deliver apartments in the given time and also compensating them for the delay caused in about four real estate projects.
GDA May Allow Builders To Pay Dues In InstallmentsThe GDA is likely to move a proposal later this month to allow defaulters pay dues in installments. However, there is a catch. Not all developers will benefit from this move since it is not a policy decision and benefits will be offered to builders after studying their capability and intent to pay.
SC Asks Jaypee To Deposit Rs 600 Cr; Buyers Demand NOn July 4, the SC pronounced some relief to the ailing company and offered a concession. Jaypee will now have to pay Rs 600 crore to refund homebuyers post which the apex court has assured that it would ask the National Company Law Tribunal at Allahabad to expedite the case and decide on revival or restructuring.
Top Five Affordable Projects in HyderabadMakaanIQ lists the top five affordable residential projects in Hyderabad which sold maximum units during January 2018 to April 2018. The projects are Risinia IntelliPark by Risinia Builders at Bachupally; ‘Manhattan Poda & Condos’ by Provident Housing at Rajendranagar; Maram RP Homes by Maram Infra Projects at Hayathnagar; Sri Gajanana Enclave by Sri Gajanana Construction at Kompally; and GreenView Apartments by Ramky Group at Maheshwaram. These properties are within gated communities surrounded by well-developed social infrastructural facilities and have a price range well below Rs 50 lakh.
Looking For Luxury Apartments In Pune? Check Out TheMakaaniQ picks five residential projects for buyers looking for luxury homes in Pune.