manisha natarajan
@manishanataraj
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News, views on real estate, cities & sustainability 🌍 Anchor, The Property Show on NDTV 24X7
New Delhi
Joined April 2011
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NDTV is the only channel showing the farmers'agitation along with the republic day parade. It takes courage and conviction to do this.
Respect.
@ndtv
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Climb four floors, to reach an almost empty customer care office of
@HDFCLIFE
! If you want to surrender the policy, they insist you have to visit in person 😕 Why? In this day and age of KYC ? IRDA continues to let these terrible practices flourish, even as we as a country,
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381
1K
Approachable, always available MLA
@attorneybharti
spent 3 hours with colony residents to ensure every drop of rain water is diverted & conserved in rain water harvesting pits, and sanctioned one more for our colony.
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530
.
@RanveerOfficial
is a man on a mission! Says he would like to take Bollywood to another level!
#CNBCTV18IBLA
@MeghaVishwanath
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37
454
New resolution : I shall use
#DelhiMetro
option, if available on my route of travel as much as possible. Day 1 of zero use of personal vehicle on a working day. Feels good. No, not gunning for freebies!
#WorldEnvironmentDay
#BeatAirPollution
#ClimateChangeIsReal
#letsdothis
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Level of blackmarketing for drugs and oxygen in this country is unbelievable. It reflects the utter debasement of human nature. With people dying all around, how can district inspectors be hand in gloves with those running these rackets?
#OxygenCrisis
#RemdesivirBlackMarketing
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The govt must take anguish of home buyers seriously. Chandras in jail isn’t enough. Big question : why did Govt not go back to take Supreme Court’s permission to take over Unitech. Why did it let go so easily, knowing there’s been massive fraud
@CNBCTV18News
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Dear
@Cbse_official
this is a plea from an exhausted child and miserable parent. 5-6 hrs of online classes, with mostly one way communication and rushing through syllabus like there's no tomorrow, is leading to severe eye strain, headaches and stress amongst our kids. 1/2
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@awnusharma
@airindiain
@airvistara
@livemint
Big mistake.
@airvistara
is one of the most trusted & liked airline brands in India and the entire team has worked very hard to get there. Even their purple will be missed! The above logic sounds hollow.
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6 hrs. A fantastic drive from Delhi to Lucknow. Via a world-class Yamuna, Taj , Agra-LKO Expressway. How valuable is great road infrastructure. Can transform your experience of a destination. Thanks
@Sonal_MK
for your stay & kebab reccos.
#IncredibleIndia
@uptourismgov
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My go to ride. Hubby and I just love the ease of ordering
@BluSmartIndia
. Arrives on time. Yes, you have to order 60-90 minutes in advance. But a tiny thing to remember for a green clean travel.
#ElectricVehicle
#greentransport
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Leaving buyers in lurch (people have died waiting for flat + continue to pay EMIs & rents) fleeing to USA while on bail, threatening to file for insolvency. What liquidity issues? U collected 95% money from HBs. Respectable my foot. Come back, before spewing nonsense.
@manishanataraj
@ndtv
@SanjayBDutt
@CREDAINational
@TheEmbassyGroup
Ms. Natarajan,
Wish u would have done ur due diligence before airing this one sided & factually incorrect coverage of Canopy Classic civil litigation. Project suffered due to liquidity issues & also threats/intimidation me & staff rcvd. Canopy had a 20 Yr. track record in BLR...
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Dear
@RBI
, how about some "be responsible" ads for corporates, especially those belonging to real estate? Appreciate the intent, but this one really haunts the 5 lakh stuck home buyers, still paying EMIs responsibly, with no sight of their homes.
#realestate
#India
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@VishalBhargava5
It wasn't sold out to begin with. This high profile developer has become a master at market making and spreading FOMO.
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Tune in
@ndtv
7:30 pm today to find out how much has construction been impacted at project sites + how are developers ensuring safety of frontline workers.
#RERA
completes 4 years, disposes 65K cases. Yet
@classicbuyers
are stuck for 10 years. Catch the story.
#realestate
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Thank you
@attorneybharti
for your timely help for our househelp's hospital admission. And it took just one call (that too at midnight) from our RWA secretary for you to go all out, to help us 🙏 Thank you
@HospitalsApollo
for your caring emergency ward team.
#humanitywithheart
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Another one bites the dust.
#Supertech
declared insolvent by NCLT. Hitesh Goel appointed as IRP.
#Breakingnews
Via
@A_Parolia
. Shudder to think what will happen to unfinished projects. Look at how badly JP projects are stuck with NCLT delays in clearing the resolution.
@ndtv
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Nothing beats "maa key haath ki gujiya" patiently filled with home-made khoya kasaar by Papa. Counting my blessing this festive season :))
#HappyHoli2023
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#Diwali2018
to
#Diwali2019
. Stuck home buyers still out in the dark. Fought this fight for years on behalf of
#homebuyers
. Heavy, frustrated heart.
@FightForRERAInd
Another Black Diwali for 4.5 lk stuck homebuyers. They are demanding a forensic audit & jail for all defaulting developers.
@manishanataraj
talks to
@abhaykol
,
@FightForRERAInd
&
@JasujaSamir
#UrbanReality
.
@HardeepSPuri
,
@PMOIndia
,
@MoHUA_India
,
@NaredcoNational
,
@CREDAINational
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Unbelievable. 1) SC sits on order for 6 months, hearings were completed in September 2020. 2) Entire resolution process has to start again. 3) Rs.. 750 crore which was to be used to complete flats, has to be returned to JAL.
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@sonal_mansingh
Thoughtful. Hope this much needed equaliser becomes a norm, rather than an exception for 2023.
#RepublicDay
#India
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To top it, NCLT is happily earning interest on the Rs 750 crores deposited by JP Associates on Supreme Court's behest. All because JP promoters & ICICI Bank continue to claim at NCLT that the money belongs to them, delaying the entire resolution process. What a circus!
@InderpalSinghD2
@PMOIndia
@HardeepSPuri
@BhagwantMann
@AAPPunjab
@ArvindKejriwal
@KirenRijiju
@PritiNath9
@HbJaypee
@NathMridula
@CaptMrinalC
@Ishadewan51
@manishanataraj
@RahulCipher
@DoJ_India
@narendramodi
The Supreme Court on November 22 directed NCLT to complete the Jaypee Infratech insolvency proceedings within two months. The order was passed by a two-judge bench of Justice AM Khanwilkar and Justice CT Ravikumar.
NCLT is not bothered about SC advisory..
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Caught this article a day late, but very very glad I did. Not to be missed, especially the post script. And now connect the headlines on Kashmir.
#mustread
by
@sardesairajdeep
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It isn't everyday that the sector gets the attention of the FM. So this letter comes straight from the heart...
@CREDAINational
@NaredcoNational
@FightForRERAInd
@NhbIndia
@HomeLoansByHDFC
#SaveJPWishtown
#UNITECHHOMEBUYERS
@VvekTyagi
Dear Mr FM... an open letter from a passionate believer of India’s real estate potential
@manishanataraj
@PiyushGoyal
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Big big meeting. She's an empathetic and good human being. Add that to the powers which rest with her office, much can be done for stuck home buyers🤞for all of you.
This pic creates history. For the first time,
@FightForRERAInd
representing HBs in particular & common man in general met
@nsitharaman
Ji with help from
@rajeev_mp
to present
#Budget2019
wishlist. Our sincere gratitude to you. This proves emergence of more inclusive new India.
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This is terribly sad. Yes you cannot absolve builders of greed & leaving buyers high & dry. But what are banks doing? Why can't they take haircuts and finance completion of projects? They are equally culpable in this mayhem.
#SaveJPWishTown
#homebuyers
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Something seems to be in the offing- Stress fund for completion of stuck projects. Definitely not Rs. 10,000 cr. But how will government select which projects to complete? Only those which are 90 % complete? What about the rest ?
@FightForRERAInd
#SAVEJPWISHTOWN
#CNBCTV18Exclusive
| Durga Shanker Mishra, Hsg & Urban Affairs Ministry Secretary says recommended creation of short-term fund to provide funding for incomplete projs; Have discussed the creation of a fund with
#banks
& regulators
@manishanataraj
#RERA
#StuckHomeBuyers
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The biggest destroyer of young adult minds in India today is of smoking "pot" or marijuana/cannabis.
@PMOIndia
@narendramodi
please ask law enforcement to crack down on illegal distribution. Easily accessible to even school kids in every city/town of India.
#saynotodrugs
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Papa, my hero, the wind beneath my feet. Thank you for raising me strong, strong willed and so loved, I can take on the world, on most days !
#HappyFathersDay
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Dear
@NBCC
instead of this dog & pony show, can you please ensure this time you submit a bid compliant to dissenting financial creditors DFCs as per IBC? Can you be responsible & prevent further delays in a process which has become a circus at cost of stuck buyers?
#SaveJILHBs
Dear
#HBs
,
#CoC
members &
#Lenders
, your support is gratifying!
From our entire
#NBCC
team, we thank you for standing firm with us.
#JIL
#banks
#homebuyers
#Jaypeehomebuyers
#IBC
#insolvency
#NBCCBuildsIndia
#homebuyers
@PMOIndia
@MoHUA_India
@HardeepSPuri
@Secretary_MoHUA
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@ndtv
How can a listed bank refuse to share this information? And to top it - it's a PSU bank. Which means the NPA write-offs are in some parts, tax payers money.
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Come on NBCC! It's ridiculous that would hold the process for another approval. Home Buyers agony has to end....
#nomoredelays
@OfficialNBCC
@FinMinIndia
@IDBI_Bank
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#HomeBuyers
up in arms on JP proceedings. Website showed technical glitches, buyer passwords decativated on day Suraksha proposal put to vote;
@NBCC
bid not being put up for voting. Is this an attempt to take company into liquidation?
@arunjaitley
#SAVEJPWISHTOWN
@CNBCTV18News
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#BreakingNews
@CNNnews18
Delhi Police EOW Cell arrests Monty Chadha son of UP liquor baron Late Ponty Chadha from Delhi Airport in EOW case . Chadha accused of cheating many home buyers. Across the country 150 + builders in jail.
@CNBCTV18News
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So, a good quality house can be constructed in under Rs. 10 Lakhs. The culprit is land prices and exhorbitant taxes levied by the State.
#affordable
The
#Karnataka
government today handed over 463 houses to 2018 flood victims at Jambur and Made villages in
#Kodagu
district. Each house has been constructed at a cost of Rs 9.84 lakh and built on 30X40 sq. ft dimension and has two bedrooms, a hall, and a kitchen.
@IndianExpress
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@GitaGopinath
@nsitharaman
@nsitharamanoffc
@g20org
Breaking the glass ceiling with aplomb! Inspiring for so many out there ..
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Yes, finally! I hope
@MoHUA_India
will get down to this task asap - "Uniform builder-buyer agreement required': Supreme Court issues notice to Centre -
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Happy year-end reading. Here's my singular wish for all home buyers 2018 : Learn From Yesterday, Live For The Wonderful Today & Hope For A Fabulous Tomorrow!
@CNBCTV18News
@FightForRERAInd
@AntheaBuyers
@abhishekcdubey
#SAVEJPWISHTOWN
@abhaykol
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Unbeatable, a Delhi Metro ride on a
#Sunday
. Why navigate the crazy traffic and add to Delhi's pollution, when you can use the metro for even 60-70% of your journey?
@OfficialDMRC
kudos for keeping it safe, hygienic and on time.
#Delhi
#Green
#Mobility
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Is Insolvency & Bankruptcy Code Working To Protect Home Buyers? Out of 4.8 lakh stuck home units, 50% are in NCR and now builders themselves are declaring themselves bankrupt -
@ndtv
#thepropertyshow
@TheAnujPuri
@PujaMehrish
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Coming up shortly - THE LAND OF INNOVATORS on THE JOURNEY OF INDIA at 7PM, today on DISCOVERY CHANNEL. Simulcast on DD National. Catch
@vijayshekhar
along with several other young entrepreneurs & seasoned leaders, with their unique stories of India's digital revolution.
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Subvention scheme gone wrong! Any one
@RBI
keeping an eye on this contagion?
@MoHUA_India
Bengaluru: Mantri Developers' promise to buyers falls flat
#ETRealty
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Banks, Noida Authority, Greater Noida Authority, finally pinned with culpability. They are stopping several projects from completion, where buyers are willing to pitch in & have found a construction partner to complete their project.
@CNBCTV18News
Huge relief for
#amrapali
Flat buyers by the
#SupremeCourt
of India. Attaching a brief. Banks & Authorities snubbed. NBCC to complete the project.
#CheatedHomeBuyers
#AmrapaliCenturianPark
@FightForRERAInd
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It took 2 lives & a building collapse for authorities to wake up! To be noted, a Govt of India "Navratna" Enterprise
@OfficialNBCC
is responsible for such poor construction. Gurugram: NBCC Green View declared unsafe, to be demolished via
@Realty_Et
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@Nik_Inamdar
I was there early morning today Nikhil. Honestly, process seems better streamlined. Problem is the sheer volume! People come in late and try to muscle their way ahead, which causes scuffles. Reporting THREE hours ahead of the flight should be treated as sacrosanct.
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"If we don't do this, out future generations will really suffer" - his words. A viable solution to make
#delhi
self sufficient in the precious resource of
#water
.
#sustainability
#solutions
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Just announced - the opening of HORSEX .. the world's first and largest horse trading exchange 🦄🐴🐎 . Anyone starting to take bets?
#KarnatakaElectionResults2018
#KarnatakaVerdict
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Delighted to be back! Catch the full episode on why it makes immense sense for states to follow in Maharashtra's footsteps, at 7:30 pm on NDTV 24X7
#StampDuty
#RealEstate
#India
@SanjayBDutt
@amitgoyal78
@tata_housing
@CMOMaharashtra
Watch | As the Maharashtra government cuts stamp duty on lease agreements and registration, the state has seen a boost in the real estate sector. Should other states follow in Maharashtra's footsteps? Our panel of experts discuss.
#ThePropertyShow
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It's not easy to keep fighting selflessly for the larger good. This team continues to do exemplary work, and only with this push do we have some hope of
#RERA
working in spirit, for the home buyers.
Great job done by
@msshankar1961
and team
@rerakarnataka
. Hope the effort proves fruitful for the benefit of all homebuyers.
@OfficeRera
should take cognizance and take effective steps.
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6 yrs for a resolution which by IBC rules should take < than a year! Supreme Court intervention, 4 rounds of bidding, and finally ICICI, YEIDA objections quashed by
#NCLT
. Huge relief. Thanks
@CaptMrinalC
& Amit Mishra (P&A Law) for your inputs on
@ndtv
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#YesBank
quote of the day by Former AG Bishwajeet Bhattacharya
" Profits are privatised while losses are nationalised."
#YesBankCollapse
#banking
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NCR Developers have issued a release they are halting construction as raw material prices have spiralled. Comes close on the heels of Maharashtra. Hope
@FinMinIndia
&
@MoHUA_India
are taking this seriously. Can't afford any more delayed projects.
@CREDAINational
#BreakingNews
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Banks & Lenders may have to settle for just 10% of outstanding! Why in the case of JP are they not willing to be more accommodative to home buyers ?
#SAVEJPWISHTOWN
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😀 exactly the same experience today. I stopped behind the zebra crossing and not one car over took me from the left, or honked madly behind me, bullying me to move my car.
#MotorVehicleAct2019
@dtptraffic
Peak hour snap next to regal crossing on the inner circle of
#ConnaughtPlace
#Delhi
.
In so many years I have never seen so much respect for
#ZebraCrossing
#RoadSafety
#MVAct2019
#NewTrafficRules
#justsaying
#PedestrianSafety
@nitin_gadkari
@MORTHIndia
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#BreakingNews
@PiramalGroup
Khushru Jijina makes an offer to
@HardeepSPuri
to fund Rs. 1000 crore to complete stuck
#AmrapaliFlatBuyers
projects via NBCC
@CNBCTV18News
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Gone in 9 sec! What collosal waste of resources, massive
#Airpollution
, years of legal battles, bankrupt builder, incomplete projects. Yet hardly any accountability of
@NoidaAuthority
which gave permits for this illegal construction
#SupertechTwinTowers
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Always good to have panelist who don’t mince words.
@FightForRERAInd
@cheatedbyJAYPEE
@AntheaBuyers
@centurianparkb1
Can India's courts rescue lakhs of stuck home buyers? Will forensic audits help recover siphoned funds to help restart construction.
@manishanataraj
examines high profile cases with Alok Dhir,
@JasujaSamir
, Dinakar Singh,
@abhishekcdubey
& Paramjeet Singh (
@ireoworld
homebuyer)
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1/1 This article raises v.imp points. My bit under 3 questions
1) Should home prices in India's cities come down 2) Can they come down 3) Will they come down ?
@CREDAINational
@NaredcoNational
@MoHUA_India
@PMOIndia
#housingmarket
#homeprices
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Shocking! Home buyers pay with life savings. Developer must deliver homes or be jailed ! How can business rights of bankers be higher?
@SPGlobal
@MoodysAnalytics
@arunjaitley
@sardesairajdeep
@manishanataraj
@narendramodi
NCLT doesn't consider home buyers as any party in insolvency process. What a draconian law
@arunjaitley
@RBI
#SAVEJPWISHTOWN
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The pleasure of reaching Cyber Hub from Hauz Khas ( home included) in less than an hour! Cool as a cucumber.
#delhimetro
@OfficialDMRC
I'm a die hard fan.
#greenmobility
#sustainabletransportation
#Delhi
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Dear
@IRCTCofficial
, can you please bring back "Railway Cutlet" in your breakfast menu? Was so looking forward to it, in my first train journey in 2 yrs. They are an institution in themselves.Aloo paratha/cornflakes don't quite make the cut
#nostalgia
#IndianRailways
#traveling
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Good news - NCLT passes order of release & discharge of security interest created by Jaypee Infra in favor of creditors of JAL. 758 acres out of 858 acres to come back to JP Infra
@CNBCTV18News
.
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Best to leave mall business to big boys with deep pockets aka DLF, Lullu, Phoenix, Blackstone: From Gurugram’s Raheja Mall to Ghaziabad’s Angel Mall & Greater Noida’s Venice Mall, it is a story of agrowing graveyard of malls in NCR. via
@ThePrintIndia
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@abhaykol
@VvekTyagi
, Aditya Gutgutia thanks for being part of this very critical discussion
#savejpwishtown
#AmrapaliFlatBuyers
150 builders are currently in jail or out on bail. Nightmare for nearly 3 lakh homebuyers who have no clarity on the delivery of their dream homes.
@manishanataraj
takes stock of the housing crisis with the best experts at 7 PM & 10 PM today
@ZEUSLAW
@VvekTyagi
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This is so heartbreaking. Desperate families risking their lives to move into unfinished buildings. How can there be no solution, no end to this misery?
@FinMinIndia
@nsitharaman
@MoHUA_India
@HardeepSPuri
@CNBCTV18News
This is just an indication towards wht we may see in future. This is not a solution. This is forced step taken by frustrated HBs in panic. In future there may be more desperate steps leading to chaos & complete breakdown of legal machinery. Big Warning
@FightForRERAInd
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This is a significant judgement for home buyers caught in delayed projects under subvention schemes
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Just met the
#SAVEJPWISHTOWN
buyers. It’s heart wrenching to see their worry with resolution process falling through. Doubling over with EMI, rent and no homes in sight. Need effective intervention
@PMOIndia
@MoHUA_India
@myogiadityanath
@CNBCTV18News
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Finally.
SC allows EOW Delhi Police to arrest Amrapali CMD, 2 Directors wrt criminal complaint against them.
#AmrapaliFlatBuyers
@FightForRERAInd
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The clean up is happening. This industry will see 90 percent builders folding up in the next 24 months. But I can't see the light at the end of the tunnel even now for stuck home buyers. Infact more projects are going to get stuck due to lack of funding.
That's a good idea and would work as a good deterrent to clean up this real estate industry overtime.
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Buyers' pressure yields results. NBCC bid to be put for voting in JP infra resolution.
#SAVEJPWISHTOWN
#breakingnews
@CNBCTV18News
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A question for home buyers who have taken their dispute to RERA : Has your case been resolved?
Yes, satisfactorily
79
No, not at all
437
Partially, not in full
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55
Must watch. What is the need to open banking to corporates now? Is it being done for a few? And why not look at fixing Public Sector banks, if improving improve credit growth is the objective?
@dugalira
@RaghuramRRajan
#Banking
#India
5
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Supreme Court has lashed out at banks, Noida authority
SC Order - "Apparent from the report of the forensic audit that there is a serious kind of fraud played upon the buyers in active connivance with officials of the Noida and Greater Noida Authorities and that of the banks".
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Only in
#Mumbai
can one have the audacity to advertise a Guest House & Rooms For Rent on an abandoned dilapidated building. Love the gutsy spirit of this city!
#mumbaicity
#realestate
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Tried covering all sides.
In this episode of The Property Show, we discuss Supreme Court's latest ruling on Jaypee Infratech case. On The Property Show, we speak to Jaypee homebuyer and some legal experts to understand the implications of this judgement
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To be an entrepreneur in India means you have extraordinary risk taking abilities, your optimism is way beyond the ordinary, you have the courage to fight a system stacked against you and you slog and slog and slog..... It's time to
#savetheindianentrepreneur
.
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For year, residential real estate prices have not moved in India. Ruchir Sharma, Morgan Stanley in top 10 trends to watch out says, property as an asset class could take off in 2021. I dig deeper with experts and data. Catch the show this evening at 6:30 pm on
@ndtv
24X7
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Thank you for inviting me and partnering with
@CNBCTV18News
It was an extremely useful discussion. Takes courage for a RERA Chairperson to admit
#rera
in its current form is a badly drafted law which has so many loopholes, it makes it impossible to resolve stalled projects.
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Excellent work
@vandanaramnani1
&
@binoy_prabhakar
. Much needed scrutiny. Police, Judiciary, NCLT, govt authorities,
#RERA
have collectively failed cheated homebuyers' - Some have died waiting for homes, rest are living a daily hell.
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@monikahalan
@nsitharaman
@FinMinIndia
My question - why wasn't it announced in the budget? Why slip it in, in the finance bill? This non transparency is worrying. Merits/demerits should be debated and agreed upon.
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Hope something comes of this meeting : developers/industry reaching ICU stage with cash flows and credit drying up. Not good for home buyers either, to have a unit in stranded for money projects.
@CNBCTV18News
@NaredcoNational
@CREDAINational
@FinMinIndia
@PMOIndia
Met real estate industry representatives in the presence of Maharashtra CM
@Dev_Fadnavis
ji and my cabinet colleague
@HardeepSPuri
ji.
Deliberated on making the housing sector robust, economically sustainable and affordable for all.
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Adorable Butterscotch : 45 days old. Healthy strong Indy. Bathed, fed, de-wormed & 2 be vaccinated next week. There are 5 of them being looked after by our daughter. Please come forward NCR dog lovers, to adopt this little tiger. Superb temperament.
#AdoptDontShop
#DesiPup
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Good news from SC. Promoter Directors of JAL ordered to submit personal assets list on 22nd Nov hearing. Also amicus appointed website for home buyers
#savejpwishtown
#savejpaman
@CNBCTV18News
@moneycontrolcom
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Must read article by
@Ashwini2312
. My question, why isn't
@OfficialNBCC
team/CEO responsible for poor construction quality of Green View ( built btw 2013-2017) being taken to task? Why are rules different for PSU & Private Developers?
@moneycontrolcom
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Stuck home buyers are so desperate Dipak, they are banking on anything and everything govt.... Have been saying for long, get over this
@OfficialNBCC
hangup!
Stuck homebuyers are banking their hopes in
@OfficialNBCC
but here is a case where NCDRC asked NBCC to pay Rs 2 lakh compensation for 39 months in delay in giving possession of a flat in Noida
@timesofindia
@FightForRERAInd
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Commendable, but can we get 1 small
#DwarkaExpressWay
stuck for over a decade out of way 1st !
@CREDAINational
@nitin_gadkari
@CNBCTV18News
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What a circus! And right under the noses of NCLT, IRP, Ministry of Corporate Affairs.
@FinMinIndia
@MoHUA_India
Befooling the system again!! First bankrupt and now suddenly they have a plan!!!
@CJI_SC
please intervene and teach these frauds a lesson. 35k HBs are waiting from too long
Jaypee Group Apologises To Homebuyers, Says Will Finish Pending Projects - NDTV
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Unbelievable! Let me tell u what I’m doing with my 15 year old : making him read every story on
#MeToo
answering every follow up question so he knows what’s right what’s not, what’s a NO, why silence of a girl is NOT a YES, & why foul descriptors of girls in boytalk is NOT ok.
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This article is beyond belief! Now home buyers should carry out structural audits of high-rise housing societies? Pay a consultant Rs. 50,000 to do a structural audit ? What rubbish is this expert peddling?
#chintelsparadiso
#buildingcollapse
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Yet another arrest of cheating builder - Director of Dreamz Infra in Bangalore arrested for cheating buyers.
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#goodnews
always welcome. Department of Heavy Industries Puts Out EoI for 5,000 Electric Buses
@OfficeAGSawant
@CNBCTV18News
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While this is an important victory for home buyers, the end goal of completed homes will not be achieved by this alone. Infact as the bench pointed out, frivolous cases of insolvency should not be allowed by NCLT.
Supreme Court upholds the IBC amendment, which gives homebuyers same rights as financial creditors
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No one should expect the government to be a nanny to bail out the sector. But what's stopping
@FinMinIndia
from bringing banks, NCLT, insolvency professionals all on one page and directing them project completion must be the first priority. Banks will all fall in line.
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Everyone has to have rational expectations. Stuck homebuyers also must prioritise. Completion of projects first. This crisis will only deepen, if sanity does not prevail.
@CNBCTV18News
@FinMinIndia
@MoHUA_India
@HardeepSPuri
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Decoding
#RealEstate
News
1. Many
#Delhi
realtors still avoiding project registration with RERA
2. Maharashtra RERA team to start site visit from February for project cost checks
What a contrast between 2 regulators. No wonder
#RERA
effectiveness differs widely across India.
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