Delhi HC Orders NBCC to Refund Homebuyer
The Delhi High Court has ruled in favour of a homebuyer, directing the National Buildings Construction Corporation (NBCC) to refund Rs 7.6 million along with interest. The decision comes as a relief to the homebuyer, who had filed a petition seeking the refund of the amount paid towards the purchase of a property.
The court's order highlights the importance of protecting the rights of homebuyers and ensuring accountability among real estate developers. The ruling also underscores the significance of adhering to regulatory guidelines and fulfilling commitments made to customers.
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UP Govt Cancels Noida Land Allotment to M3M
The Uttar Pradesh government has cancelled the allotment of two land parcels in Noida to the M3M Group, citing undisclosed reasons. This decision marks a significant development in the ongoing scrutiny of land allotments and real estate transactions in the region.
The cancellation of land allotment underscores the government's commitment to transparency and accountability in land allocation processes. The move reflects a broader effort to address concerns related to alleged irregularities and ensure fair and equitable treatment for all stakeholders involved in real estate transactions...
DMart Acquires Chandivali Land for Rs 1.17 Bn
Retail giant DMart has finalised the acquisition of land in Mumbai's Chandivali area for a total sum of Rs 1.17 billion. This strategic move is expected to bolster DMart's presence in the competitive retail market of Mumbai and further strengthen its foothold in the region.
The acquisition underscores DMart's commitment to expanding its retail footprint and catering to the growing consumer demand in Mumbai. With its reputation for offering quality products at competitive prices, DMart is well-positioned to capitalise on the lucrative retail opportunities in Chandivali and surrounding a..