How to file claims as homebuyers against raheja developers

NCLT Principal Bench vide its order dated 20.08. 2019 has ordered insolvency proceedings U/S 7 of the Insolvency and Bankruptcy Code, 2016 against Real Estate Developer, M/S Raheja Developers Limited. Every creditor of M/s Raheja Developers need to file their claims before the Insolvency Resolution Professional(IRP).

NHB asks housing finance companies to abstain from financing subvention schemes

The National Housing Bank (NHB) has asked housing finance companies (HFCs) to “desist from offering” loans for subvention schemes offered by developers.

RELIEF FOR HOMEBUYER UNDER RERA IF THE BUILDER IS ABSCONDING OR IN JAIL

The builders have miserably failed to handover the possession to the homebuyers for many years. The homebuyers started approaching various forums in order to get their reliefs such filing of criminal complaints, approaching the various other forums.

UP-RERA PROPOSES STRESS FUND FOR COMPLETING THE PENDING PROJECTS

The UP-RERA (greater Noida) has proposed to create a stress fund to complete such pending projects. The same shall be put before the board of Lucknow for deliberation and thereafter it shall be sent to the UP Government.