Supreme Court Sounds Alarm on Real-Estate Woes in Delhi-NCR and Mumbai

The Supreme Court expressed concern over increasing cases involving homebuyers in Delhi-NCR and re-development projects in Mumbai, noting these issues are tarnishing the reputation of real-estate developers. A bench of justices highlighted the severity of such disputes, with comparisons made to other regions like Gujarat.

The Supreme Court has voiced its concerns over the growing number of real-estate cases affecting homebuyers in Delhi-NCR and the re-development projects in Mumbai. The court noted that these issues are tarnishing the reputation of real-estate developers in the region.

During a session led by Justices J B Pardiwala and P B Varale, the court highlighted the severe magnitude of these disputes in Delhi-NCR and Mumbai. They noted that unlike Gujarat, where no such cases are prevalent, these two regions are facing significant challenges.

Justice Pardiwala urged legal representatives of various builders to seriously consider these issues. The court is handling several disputes involving prominent real-estate developers like Unitech, Amrapali Group, Jaypee, and Supertech Group, affecting thousands of homebuyers with delays in flat possession.

(With inputs from agencies.)