HARERA: Can’t auction project before adjusting allottees’ dues

Pronouncing a landmark judgment, Haryana Real Estate Regulatory Authority (HARERA), Gurugram, has mandated that no bank or financing agency would auction or sell a loan-defaulting project to recover damages before adjustment of allottees’ dues. Chairman, HARERA Gurugram Dr KK Khandelwal said that there has been a big increase in complaints in the state where a peculiar trend has been noticed. Promoters...

Delhi-Mumbai Expressway will be ready by 2022: 12 hours from Delhi to Mumbai

Delhi-Mumbai Expressway: With record construction rates of up to 40km a day, the Road Transport and Highways Minister Nitin Gadkari has assured that the 1,200km expressway would be ready by 2022 rather than 2024. Reassuring the industry of the government’s support, the Road Transport and Highways Minister Nitin Gadkari today said that infrastructure will play a key role in bringing demand back to the...

M3M unlocks Gurugram, clocking 1150 crores in sales in July-August

India’s leading developer M3M Group recorded sales worth of Rs 1150 crores on launching its Unlock Gurugram campaign. This announcement comes amidst tough times wherein several real estate projects have been hit hard due to the pandemic. Unlock Gurugram comprised of an unbeatable value proposition across spectrums-under construction and delivered residential as well as commercial projects in Gurgaon....

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