New Delhi, May 29 (IANS) Intensifying its crackdown in the ongoing investigation into the Noida homebuyers cheating fraud investigation, the Central Bureau of Investigation (CBI) on Friday filed its tenth chargesheet against the builders, under the scanner for alleged cheating and fraud. The investigation agency filed a chargesheet against M/s Shubhkamna Buildtech Pvt. Ltd. and its directors on Friday, in connection with alleged fraudulent activities relating to a housing project in Greater Noid…
Latest Builders News & Updates
New Delhi, May 11 (IANS) The CBI filed a seventh chargesheet in connection with the alleged fraudulent activities of builders for cheating home buyers, arraigning Sequel Buildcon, which had promised to deliver high-end flats in Noida, said an official on Monday. The building company and its Directors were booked by the Central Bureau of Investigation (CBI) in connection with alleged fraudulent activities relating to a housing project situated at Noida, said a statement.An investigation conducted…
New Delhi, April 14 (IANS) The Central Bureau of Investigation (CBI) registered 22 new cases based on the Supreme Court directions against various builders over their alleged nexus with officials of financial institutions and defrauding of homebuyers, an official said on Tuesday. The CBI conducted extensive searches at 77 locations spread across eight states/Union Territories in connection with these 22 cases, an official statement said.The searches were targeted at an alleged nexus between cert…
New Delhi, Feb 13 (IANS) The Supreme Court has orally expressed strong disapproval over the functioning of the Real Estate Regulatory Authority (RERA) in several states, remarking that it was “high time” that the governments revisited their decision to constitute the regulatory body.The observation came from a Bench of Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi as it heard a special leave petition (SLP) filed by the Himachal Pradesh government challenging an order of…