SC comes to the rescue of Supertech homebuyers, upholds NCLAT order asking NBCC to take over stalled projects

Bringing relief to thousands of homebuyers who have been waiting for possession of their delayed homes for more than a decade, the Supreme Court on February 5 upheld NCLAT’s order directing the government’s construction arm, NBCC, to complete 16 housing projects of the debt-ridden real estate firm Supertech expeditiously. First and foremost consideration is to […]

SC greenlights conditional OCs in Noida’s Sector 150; What it means for Sports City projects

In a major relief for thousands of homebuyers awaiting possession since 2014, the Supreme Court has directed the Noida Authority to issue conditional occupancy certificates for housing projects in Sector 150 under the Sports City scheme, and to allow registries wherever developers have complied with building norms. In its order dated November 24, a bench […]