Delhi RERA Urges Builders to Act Against Defaulting Buyers

18 Apr 2024 CW Team

The Delhi Real Estate Regulatory Authority (RERA) Chairman is urging builders to file complaints against customers who default on payments. This directive aims to maintain financial integrity in the real estate sector and ensure transparency and accountability in transactions.

Builders must comply with strict timelines and obligations, but buyers also have a responsibility to make timely payments. Failure to honour financial commitments disrupts project progress and strains developers financially. The Chairman's call for action highlights the importance of balanced accountability.

Timely payment compliance is crucial for sustained growth and stability in real estate. Delays or defaults in payments impede construction progress, increase costs, and tarnish the industry's reputation. Addressing non-payment instances promotes a culture of financial responsibility.

The proactive stance aligns with RERA's objective of fostering transparent, fair, and accountable real estate transactions. Upholding financial commitments is essential for seamless project execution and industry credibility. Taking measures against payment defaults contributes to a robust real estate sector in Delhi.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..