For hassled homebuyers, an additional layer of protection from delays, hidden charges, substandard construction

India’s Central Consumer Protection Authority plans to collaborate with the Real Estate Regulatory Authority (Rera) to help homebuyers file complaints, seek compensation, and address unfair contracts with developers, according to two officials familiar with CCPA’s plans. CCPA plans to address issues such as delays in obtaining possession of properties, defective home appliances provided by developers,…

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NCLAT upholds insolvency order against Jaiprakash Associate

In a significant blow to Jaiprakash Associates Ltd (JAL), the debt-ridden parent company of the distressed Jaypee Group, the National Company Law Appellate Tribunal (NCLAT) on Friday dismissed its appeal challenging the company’s admission into insolvency.  This decision affirms the National Company Law Tribunal’s (NCLT) 3 June order, which admitted JAL into insolvency proceedings based…

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Microsoft India buys 25-acre land parcel near Hyderabad for more than ₹181 crore

Microsoft Corporation (India) Private Limited has purchased 25 acres of land for ₹181.25 crore in Mekaguda near Hyderabad, according to property registration documents accessed by Propstack. ₹181 crore. (Picture for representational purposes only)(Reuters)” title=”Microsoft India buys 25-acre land near Hyderabad for more than ₹181 crore. (Picture for representational purposes only)(Reuters)” /> ₹181 crore. (Picture for…

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