Banks too fell prey to Emaar MGF
While 560-odd investors were duped by Emaar MGF, banks too were defrauded.
While 560-odd investors were duped by Emaar MGF, banks too were defrauded.
CREDAI, Hyderabad has given a number of suggestions, including developing townships in the peripheral areas, strengthening the transportation system, to help the GHMC fine-tune the proposed master plan.
The imposition of heavy penalty by Competition Commission of India (CCI) on real estate major DLF in Belaire complex case for breaching the norms regarding fair pricing is likely to have serious ramifications on the real estate industry in the city.
The missing files of Aldeia de Goa throws open serious doubts on the Government authorities.
Government of Goa continued to go soft on the developer despite of objections by the administration, NGOs and the civil society.
Government of Goa had initially taken a firm stand against the DB Realty Goa Project on account of the Goa Bachao Abhiyan (GBA) fierce agitation in 2006.
In 2008, the People’s Movement for Civic Action (PMCA) and the Goa Foundation approached the High Court for a CBI inquiry into the disappearance of all files containing approvals relating to the construction of the Aldeia de Goa complex.
The on-going investigations by CBI into the various business enterprises and real estate assets of 2G Scam accused Shahid Balwa of DB Realty is to now bring the controversial project into the eye of the storm.
The Confederation of Real Estate Developers’ Associations of India has expressed displeasure about the proposed Model Real Estate (Regulation of Development) Act in its present form, saying it could lead to an escalation of prices of housing stock in the country by Rs 300 per sq ft.