Housing Project

  • Link disbursal of home loans to stages of construction: RBI to banks 04-09-2013 08:07 AM

    The Reserve Bank on Tuesday asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of "innovative" housing financing schemes. "In view of the higher risks associated with such lump-sum disbursal of sanctioned housing loans and customer...
  • DLF pays Rs 1.5 lakh compensation to allottee for delaying project, not refunding money 22-08-2013 03:20 PM

    DLF Ltd has been directed by a consumer forum in New Delhi to pay Rs 1.5 lakh to an allottee as compensation for its "unfair trade practice" of not refunding money paid for booking a flat which was not handed over in time. The New Delhi District Consumer Disputes Redressal...
  • Army housing project: Antony orders probe into 'irregularities' 09-06-2013 10:43 PM

    New Delhi: Defence Minister AK Antony has ordered a probe into allegations of irregularities in an Army housing project in Kochi. Antony has asked senior officials in the Ministry to probe the allegations of irregularities in the Army Welfare Housing Project in Kochi, defence sources said here. The allegations had...
  • Rajasthan: SP alleges irregularities in housing project 29-04-2013 02:43 AM

    Jaipur: Samajwadi Party in Rajasthan on Sunday alleged irregularities in a housing project for Central government employees and demanded a CBI probe into the matter. The company, which was given tender for the construction in 2007, committed a scam worth Rs 200 crore in connivance with the Central Government Employees...
  • UP: scam in Mayawati's home-for-poor project 30-11-2011 06:11 AM

    Noida: Uttar Pradesh Chief Minister Mayawati's biggest project till date, 'Kanshiram Awaas Yojna', is under the scanner. The project is aimed at giving thousands of free low-cost homes to the poor in the cities of Uttar Pradesh. CNN-IBN has learnt that the flats are being handed to millionaires instead. Noida...
  • 'New Bill to make land costlier by up to 80 pc' 05-09-2011 11:59 PM

    New Delhi: Real estate developers on Monday said the Land Acquisition Bill passed by the Cabinet would make land costlier by up to 80 per cent, adversely affecting the housing development in the country. Expressing disappointment over the Bill, which will now be introduced in Parliament on Wednesday, apex realtors...
  • Noida CEO rules out hike in land compensation 26-07-2011 07:15 PM

    Noida: With farmers on warpath over greater compensation for their acquired land, Noida Chairman Balwinder Kumar on Tuesday said it was "practically not possible" to meet the key demand. "There is no possibility of increase in compensation for land which has already been taken. If authority gives the hike to...
  • Noida Ext flat buyers to approach Allahabad HC 24-07-2011 05:11 PM

    New Delhi: Noida Extension Flat Buyers Welfare Association, which represents nearly 30,000 affected flat owners in Greater Noida, is expecting that the Allahabad High Court will admit its applications on July 26 to become a party in the cases related to land acquisition. In two separate orders, the High Court...
  • Noida flat buyers entitled to get full refund: SC 12-07-2011 10:58 PM

    New Delhi: The Supreme Court on Tuesday ruled that all the buyers who had invested in the controversial Noida Housing Project would be entitled to complete refund of money, including interest, from the builders. A bench of justices G S Singhvi and A K Ganguly, which had on July 6...
  • SC order puts Noida property sector in jeopardy 12-07-2011 09:14 AM

    New Delhi: Noida Extension was pegged as North India's next big housing boom destination with cheap prices and spacious development, but after the Supreme Court's judgement all that might have changed. Until last week the makeshift booking offices of developers across Noida extension were crowded with customers, but after the...
  • SC order makes Noida Extn home a distant dream 08-07-2011 12:08 AM

    Greater Noida: The Supreme Court's decision to cancel land acquisitions in the Noida Extension area has left thousands of investors in the lurch. But in Shaberi village, the order has made many farmers happy. Sixty three-year old Rajpal Arya was a relieved man after the Supreme Court on Wednesday asked...
  • SC's Noida land order leaves investors worried 06-07-2011 08:33 PM

    New Delhi: Jubilant farmers of Sahberi village danced after the Supreme Court stayed the acquisition of their land by the Greater Noida Authority. As the apex court struck down the acquisition of land from farmers by commercial builders in the Noida Extension area, about 156 hectares of land will now...
  • MOEF to submit report on Lavasa on Tuesday 17-01-2011 10:54 PM

    New Delhi: The Environment Ministry is expected to file its reply on the controversial Lavasa housing project near Pune, which allegedly violated green norms, before the Bombay High Court on Tuesday. The report has been finalised and it will be submitted before the Bombay High Court tomorrow, said a source...