UP RERA has issued a buyer advisory urging residents to verify key details before purchasing property. The regulator recommends checking land titles, sanctioned maps, inventory and bank account records, quarterly progress reports, and the builder’s complaint history. The goal is simple: ensure transparency, reduce fraud risk, and avoid buying into projects with unclear or inconsistent documentation.
The National Company Law Tribunal has allowed ATS Group’s Nobility Estates to withdraw from insolvency proceedings. The ruling offers relief to more than 600 homebuyers stuck with the Le Grandiose project. The committee of creditors backed a settlement with the former management, including major payments and repayment of JM Financial’s debt via allocation of project units.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Alpha Corp Development Ltd plans to pour nearly Rs 900 crore into three stalled housing and commercial projects across Greater Noida and Gurugram. The move is expected to bring tangible relief to over 3,000 existing customers by restarting development and completing long-delayed work in the Delhi-NCR region.
The Supreme Court has revived Alpha Corp’s plan to take over three stalled projects of Earth Infrastructures, bringing relief to more than 3,000 homebuyers. Alpha Corp will invest Rs 750 crore to complete the projects and, crucially, buyers will not be asked to pay any extra cost, according to the decision.
Ramky Estates will take over Skylark’s stalled residential projects in Bengaluru as the SWAMIH Investment Fund plans to inject up to ₹600 crore. The funding is expected to revive projects and ease delays for more than 1,800 homebuyers who have been waiting for their homes. The move signals a fresh push for completion using stalled-project rescue capital.
The Supreme Court is pressing for a resolution to deliver homes to 22,000 Unitech homebuyers who have waited for years. It has asked the new board, banks, and financial institutions for proposals while investigating where investors’ money went. Former promoters are alleged to have parked funds in tax-haven countries, and the court wants a clear path to delivery.
Never miss a story
Set alerts for the topics and sources you care about. Download Beige for free.
The SWAMIH Investment Fund plans to invest up to Rs 600 crore into Ramky Estates to revive stalled residential projects in Bengaluru. The move is expected to help more than 1,800 homebuyers who have been waiting for their homes. Ramky Estates will oversee the projects, aiming to restart progress and deliver timely outcomes for affected buyers.
Haryana RERA’s April 7 order backed two allottees in the Capital Gateway project against Gurugram-based M/s KNS Infracon Pvt Ltd and its associate developer. The buyers had booked 2,675 sq ft flats each and paid over Rs 1.8 crore, but waited for years. The regulator directed the builder to pay 10.80% interest, delivering relief after a long delay.
Nearly two years after a resolution plan by Suraksha Realty was cleared, Jaypee homebuyers say deliveries have barely moved forward. The frustration is now compounded by fresh scrutiny, with enforcement agencies starting probes into allegations of fund diversion. The parallel—slow progress on projects and investigations on money trail—has left buyers with unanswered timelines and rising uncertainty.
Uttar Pradesh RERA has capped processing fees builders can charge for flat transfers, aiming to shield homebuyers from hefty costs. Transfers to family members—including inheritance cases—now have a maximum fee of ₹1,000. For transfers to non-family parties, the cap is ₹25,000, bringing tighter limits to charges during property ownership changes.
Reading on mobile?
Open Beige in the app for a smoother experience — free on iOS and Android.
A Ghatkopar East homebuyer who bought five apartments in Bhandup discovered the builder had sold refuge (vacant) areas as residential flats. The High Court found the occupancy certificate plan contained an error showing those spaces as flats on specific floors, yet still denied the buyer society membership, leaving the dispute unresolved for him.
The Supreme Court has asked the NCLAT to quickly decide on merging debt-ridden Supertech’s remaining 14 housing projects. The plan is to move stalled construction toward completion while addressing homebuyers’ long-running grievances. NCLAT will hear all stakeholders, including land agencies and farmers, following an earlier order for NBCC to finish 16 other Supertech projects.
A transaction audit into Noida-based Logix Infratech has raised alarms over “shady deals” tied to its Logix Blossom Zest project in Sector 143. The housing complex has 3,400 flats across 14 towers, but nine towers remain incomplete. Nearly 1,400 homebuyers are still waiting for possession more than a decade after bookings began.
The Supreme Court has asked the National Company Law Tribunal to quickly decide whether a court-appointed oversight committee is required for Supertech’s 30 stalled projects. The direction follows the suspension of the interim resolution professional, raising worries among homebuyers about timelines and project completion. NCLT will examine whether such a committee should cover all projects or only those handled by NBCC.
Follow your favourite sources
Track sources, tags and categories — all in the Beige app.
The NCDRC has taken an unusually firm step against Ansal Properties and its affiliate Ansal Hi-Tech Township by effectively dissolving the corporate barrier between them. The move follows repeated non-compliance with earlier orders demanding refunds to aggrieved homebuyers, signaling tougher enforcement when builders try to hide behind complex corporate structures.
Lavasa homebuyers have filed a fresh appeal at NCLAT challenging a resolution plan cleared by creditors. They allege discriminatory treatment, serious flaws in how the plan was approved, and a lack of transparency in the insolvency process. Homebuyers are seeking tribunal intervention to ensure fair treatment and address the alleged injustices.
Homebuyers across NCR say subvention schemes have turned into debt traps: builders allegedly abandon projects while banks pursue repayments. With more than 1,200 petitions filed, the Supreme Court is now examining whether a wider, allegedly fraudulent loan arrangement is driving the crisis—pushing the issue beyond individual disputes toward systemic wrongdoing.
Swipe through stories, personalise your feed, and save articles for later — all on the app.