SC observes that homebuyers are being defrauded

11 Jul 2024 CW Team

The Supreme Court observed on Monday that homebuyers in the country are being defrauded, necessitating the need to bring uniformity to builder-buyer agreements. The court stated that buyers are being defrauded by builders all across the country, and that is why there is a need for uniformity now. The top court was hearing a PIL filed by lawyer Ashwini Upadhyay in 2021, which said that a model agreement was required to ensure transparency and fairness and to restrain builders and agents from indulging in unfair and restrictive trade practices. Senior advocate Devashish Bharuka, assisting the bench as an amicus curiae, told the court that a final status report along with draft builder-buyer agreements had been placed on record. It was also submitted that suggestions from states had been received and incorporated. The bench said it would peruse the report of the amicus curiae and the objections to it. Earlier, the bench had allowed the stakeholders, including industry associations, to furnish their suggestions on these model agreements to the Union Ministry of Housing and Urban Affairs. The bench has posted the matter for hearing on July 19.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..