The Union government has asked the Uttar Pradesh government to implead itself in the ongoing case in the Supreme Court regarding real estate developer Jaypee Infratech’s bankruptcy on the grounds that the real estate developer flouted the new Real Estate (Regulation and Development) Act — a move that could make life tougher for the already embattled firm.
Separately, on Wednesday, the Supreme Court barred 13 promoters and directors of Jaypee Infratech’s parent Jaiprakash Associates from selling their properties although it allowed them to deposit the ₹2,000 crore they had been asked to, in instalments. Continue reading
Posted in Crime and Corruption, Infrastructure/Property, NATIONAL NEWS
Tagged bankrupt, govt., infrastructure, jaypee infotech, property fraud, real estate developer, RERA, supreme court, violation
NEW DELHI: The much awaited ‘DDA housing scheme 2017’ offering 12,072 flats in the Capital was launched by Union urban development minister M Venkaiah Naidu on Friday.
Forms and brochures are now available at Vikas Sadan and can be bought from banks starting Saturday till August 11 for rs. 200. The draw of lots will be in the first week of November, 2017 and the possession of flats will start from last week of November to the successful bidders.
There are 87 three-bedroom high income group (HIG) flats, 404 two-bedroom middle income group (MIG) flats. The rest 11,197 are one-bedroom lower income group flats (LIG) flats and 384 janata flats. Continue reading