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

11 May 2026

DEE order book reaches Rs 19.10 billion

DEE Development Engineers maintained a healthy order book of Rs 19.10 billion as of 30 April 2026, supporting continued execution visibility across its domestic and international operations.The company recorded order inflows of Rs 499.4 million during April 2026, while monthly execution stood at Rs 674.8 million. Project activity was led by the power, oil and gas, heavy fabrication, and industrial infrastructure sectors.Within the piping segment, DEE India saw continued activity across power and oil and gas projects, while DEE Thailand supported international energy infrastructure mandates. He..

ABB India Orders Rise 25% in Q1 CY2026

ABB India reported standalone orders of Rs 42.80 billion in Q1 CY2026, a 25 per cent year-on-year increase, supported by strong demand across electrification and motion businesses. Revenue rose 6 per cent year-on-year to Rs 31.84 billion, while profit after tax stood at Rs 342 crore.The company’s order backlog increased 17 per cent year-on-year to Rs 11,094 crore, providing stronger revenue visibility for upcoming quarters. Key order wins came from data centres, metro rail, smart city projects, metals, wind, solar, chemicals, pharmaceuticals, state utilities and packaged foods.ABB India also..

GRAFF unveils Champagne finish at Salone 2026

GRAFF has introduced its new Champagne finish, recently unveiled at Salone del Mobile.Milano 2026, expanding its portfolio to 28 finishes. Designed to bring warmth, balance and serenity into interiors, the finish is positioned as the brand’s brightest option for clients seeking a lighter, warmer tone.Available in Polished and Brushed variants, the Champagne finish combines refined aesthetics with functionality. It is suited for residential and contract spaces and can adapt to traditional, contemporary and minimalist design styles.The finish is now available across select GRAFF bathroom and k..