Apartments for rent in Paranjape Royal Court

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After a demolition drive in Asola on March 14 and in Mehrauli on April 12, the South Delhi task force recently carried out a drive in Adhchini. Forty-year-old shops and a room that was found to be encroaching were razed. Not just these places, in March, the Delhi Traffic Police were able to remove encroachments from 32.5 km of roads in the national capital.

Following an order of the Allahabad High Court, the Noida Authority has said it would not issue occupancy certificate to real estate company Omaxe for its project Grand Omaxe in Noida till the builder pays dues to the tune of Rs 250 crore. About 300 residents are already occupying flats in this project since 2012 without the units being registered.

During a hearing on April 16, Jaypee Infratech had said that its valuation has been slashed drastically and had put forth an affidavit to the Supreme Court stating that with the help of interim funds, it can finish the flats. However, this proposal has been rejected by the apex court as the statute bars an ailing company to bid. Jaypee says that its representation should have been considered given that it had been completing 500 units every month.

The Supreme Court has allowed the Sahara Group to choose any parcel of its properties in the Aamby Valley city project in Maharashtra and sell it by May 15. It was in August 2017 that the Bombay High Court had ordered for an auction of the property for a reserve price of Rs 37,392 crore, following Sahara Chief Subrata Roy's inability to deposit Rs 5,000 crore of his total dues of Rs 14,000 crore to investors.