Noida Extension projects falling like a pack of cards
The Supreme Court judgment on Shahberi village in Noida Extension was the beginning of the end of the proposed township.
The Supreme Court judgment on Shahberi village in Noida Extension was the beginning of the end of the proposed township.
The Supreme Court on Friday, July 15, directed Sahara Group firm Sahara India Real Estate Corp to approach the Securities Appellate Tribunal against market regulator SEBI’s order directing the return of money collected from investors.
The real estate developers who have been affected by the Supreme Court verdict on Shahberi village demand Greater Noida Industrial Development Authority to compensate them.
Developers who have suffered by the Supreme Court judgment on the Noida Extension land acquisition have organised a press conference on Thursday, July 14, to share their side of the story.
Real estate company Amrapali, which has been worst affected by the Supreme Court judgment regarding land acquisition in Greater Noida, today said it is refunding the entire amount to home-buyers who have opted out from its township in the area.
The Supreme Court today, July8, rejected the Sahara Group’s plea to issue a notice to the government in connection to its dispute with market regulator SEBI.
The Supreme Court will today hear the Sahara group firm’s plea against the SEBI order to return the money, along with 15 per cent interest, collected from investors through its Optionally Fully Convertible Debentures scheme.
Hours after the Supreme Court order, several worried investors at Shah Beri village rushed to the offices of developers demanding their money back or a house at an alternative site.
Sahara Group has moved the Supreme Court against capital market regulator SEBI’s order asking it to return money collected from investors through a scheme along with 15 per cent interest.
Sahara India Group has criticized market regulator SEBI’s move to make its order public when the matter is pending before the Supreme Court.