Homebuyers’association asks the government to curb unfair trade practices in the real estate sector

05 Nov 2024 CW Team

A homebuyers' body, Forum for Peoples’ Collective Efforts (FPCE) has written to the consumer affairs ministry, demanding that it frame specific guidelines for the real estate sector to curb unfair trade practices and protect consumer interests.

The letter noted that in many cases, project completion deadlines are not adhered to and infinitely extended at the cost of the homebuyers. In advertisements, builders promise many amenities which in many cases, homebuyers do not find while taking possession of properties.

Citing examples, the association said builders, at the time of giving possession, should complete all the amenities in ready-to-use condition. So the ministry should set guidelines so that homebuyers need not pay over 80 percent of the total amount till the time of handover. The association said it is also necessary to restrict builders from extorting extra money from homebuyers on some pretext or other. As per the government statement in Lok Sabha, over 50,000 such complaints are pending before consumer forums as on 31 July 2024.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..