Jaypee Buyers To Elect Representative by Aug 28; Insolvency Proceedings To Commence Soon
In a setback for the harried homebuyers in Jaypee's projects, the Supreme Court (SC) on August 9 handed over the case to the Allahabad Bench of the National Company Law Tribunal (NCLT) for resolution in six months. It has also barred Jaypee promoters from participating in the fresh bidding process.
For a country like India where population and inflation have faded common man's dream of owning a home, few government-sponsored housing schemes are a big respite. The Central government in India is running a number of housing schemes to provide shelter and basic amenities to the homeless poor in urban and rural areas. Check out a few popular housing schemes and policies.