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Delhi High Court orders NBCC to pay homebuyer ₹76L for failure to give flat in Gurugram | Latest News Delhi

Delhi High Court orders NBCC to pay homebuyer ₹76L for failure to give flat in Gurugram | Latest News Delhi

The Delhi high court, underlining the significance of buying a house as “one of the most crucial financial and emotional investments for a family”, directed the National Buildings Construction Corporation (NBCC) to refund over ₹76 lakh to a flat owner and also pay him ₹5 lakh for “extreme mental agony” he suffered due to a delay in handover. The Delhi high court underlined the...

Noida directs real estate developers to pay dues, obtain registry permission

Noida directs real estate developers to pay dues, obtain registry permission

The Noida authority on May 9 directed real estate developers to clear their dues and obtain permission for registry of the apartments in favour of thousands of home-buyers who have been suffering for last many years. The authority’s direction came during a meeting held in Sector 6 office with the realtors on Thursday evening. The developers assured the authority that they will pay the land...

Share of luxury homes’ sales now almost at par with affordable housing units

Share of luxury homes’ sales now almost at par with affordable housing units

The share of luxury housing sales has jumped to 21% from a mere 7% five years ago but affordable housing has seen a sharp decline, dropping to 20% from 37% in the same period, data shared by Anarock has shown. The share of luxury housing sales has jumped to 21% from a mere 7% five years ago but affordable housing has seen a sharp decline(Unsplash) Of the approximately 1.30 lakh housing units...

Avenue Supermarts Ltd buys 52,000 sq ft land parcel in Mumbai for ₹117 crore

Avenue Supermarts Ltd buys 52,000 sq ft land parcel in Mumbai for ₹117 crore

Avenue Supermarts Ltd, the parent company of D’Mart supermarket chain, has purchased a 52,000 sq ft land parcel in Chandivali, Andheri East in Mumbai for ₹117 crore, documents accessed by CREMatrix showed. Avenue Supermarts Ltd, the parent company of D’Mart supermarket chain, has purchased a 52,000 sq ft. land parcel in Chandivali, Andheri East in Mumbai for ₹117 crore (Photo...